Interest in PCX Equities Sample Clauses

Interest in PCX Equities. For so long as this Agreement is in effect, each of PCX and PCX Equities covenants and agrees that PCX shall remain the sole shareholder of PCX Equities and that PCX’s current interest in PCX Equities shall not in any way be diluted, including, without limitation, by the sale or issuance of additional interests in PCX Equities to any other Person, provided that, upon receiving the Commission’s prior approval thereof and confirmation that PCX Equities will not be required to register as a national securities exchange, members of PCX’s Board of Governors, members of PCX Equities’ Board of Directors, members of PCX or officers or employees of PCX or PCX Equities may also be shareholders of PCX Equities so long as PCX owns at least a 51% interest in PCX Equities.