Common use of Issuances of Securities by Target Clause in Contracts

Issuances of Securities by Target. The Target hereby covenants and agrees that it will not, during the period commencing on the date of execution of this Agreement and ending on the Closing Date, issue any shares in its capital or enter into any agreement, right or option, present or future, contingent, absolute or capable of becoming an agreement, right or option or which with the passage of time or the occurrence of any event could become an agreement, right or option to require the Target to issue any further or other shares in its capital or any other security convertible or exchangeable into shares in its capital or to convert or exchange any securities into or for shares in the capital of the Target.

Issuances of Securities by Target. (a) The Target hereby covenants and agrees that it will not, during the period commencing on the date of execution of this Agreement and ending on the Closing DateConversion Deadline, issue any shares in its capital or enter into any agreement, right or option, present or future, contingent, absolute or capable of becoming an agreement, right or option or which with the passage of time or the occurrence of any event could become an agreement, right or option to require the Target to issue any further or other shares in its capital or any other security convertible or exchangeable into shares in its capital or to convert or exchange any securities into or for shares in the capital of the Target. (b) The Purchaser covenants and agrees that it will not cause the Target to take any action which would result in the Target breaching Section 10.9(a).