Common use of Limitation on Covenant Clause in Contracts

Limitation on Covenant. Ownership by Xxxxxx, as a passive investment, of less than one percent (1%) of the outstanding shares of capital stock, outstanding debt instruments or other securities convertible into capital stock or debt instruments of any corporation listed on a national securities exchange or publicly traded on any nationally recognized over-the-counter market shall not constitute a breach of this Section 1.

Limitation on Covenant. Ownership by XxxxxxXxxxxxxxx, as a passive investment, of less than one percent (1%) of the outstanding shares of capital stock, outstanding debt instruments or other securities convertible into capital stock or debt instruments of any corporation listed on a national securities exchange or publicly traded on any nationally recognized in the over-the-counter market shall not constitute a breach of this Section 19.

Limitation on Covenant. Ownership by XxxxxxCornxxxx, as xx a passive investment, of less than one percent (1%) of the outstanding shares of capital stock, outstanding debt instruments or other securities convertible into capital stock or debt instruments of any corporation listed on a national securities exchange or publicly traded on any nationally recognized over-the-counter market shall not constitute a breach of this Section 1.

Limitation on Covenant. Ownership by XxxxxxSeller, Shareholder or Xxxx, as a passive investment, of less than one percent (1%) of the outstanding shares of capital stock, outstanding debt instruments or other securities convertible into capital stock or debt instruments of any corporation listed on a national securities exchange or publicly traded on any nationally recognized in the over-the-counter market shall not constitute a breach of this Section 1Article 10.

Limitation on Covenant. Ownership by XxxxxxE. Pxxxxxx, as xx a passive investment, of less than one percent (1%) of the outstanding shares of capital stock, outstanding debt instruments or other securities convertible into capital stock or debt instruments of any corporation listed on a national securities exchange or publicly traded on any nationally recognized over-the-counter market shall not constitute a breach of this Section 1.