Common use of Limitation on Issuance of Equity Clause in Contracts

Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, or otherwise dispose of (a) any of its stock or other equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, or other right to acquire any of its stock or other equity interests, to the extent such transaction would result in a breach of any of the financial covenants set forth in Article 9.

Appears in 3 contracts

Samples: Credit Agreement (Century Communities, Inc.), Credit Agreement (Century Communities, Inc.), Credit Agreement (Century Communities, Inc.)

AutoNDA by SimpleDocs

Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, issue or otherwise dispose Dispose of (a) any of its stock or other equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, or other right to acquire any of its stock or other equity interests, in each case, other than to the extent such transaction would result in a breach of any of the financial covenants set forth in Article 9Borrower or another Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Victory Energy Corp)

Limitation on Issuance of Equity. No Borrower shall, nor shall not, and shall not it permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, or otherwise dispose of (a) any of its stock or other equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, or other right to acquire any of its stock or other equity interests, in each case, other than to the extent such transaction would result in a breach of any of the financial covenants set forth in Article 9Borrower or another Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Sunnova Energy International Inc.)

Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, assign or otherwise dispose of (a) any of its stock or other equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, warrant or other right to acquire any of its stock or other equity interests, in each case, other than to the extent such transaction would result in a breach of any of the financial covenants set forth in Article 9Borrower or another Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Guild Holdings Co)

AutoNDA by SimpleDocs

Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Subsidiaries Affiliates to, directly or indirectly, issue, sell, assign, or otherwise dispose of (a) any of its stock or other equity interestsinterests except as permitted by Section 8.3, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, or other right to acquire any of its stock or other equity interests, to the extent such transaction would result in a breach of any of the financial covenants set forth in Article 9.

Appears in 1 contract

Samples: Credit Agreement

Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, or otherwise dispose of (a) any of its stock or other equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, or other right to acquire any of its stock or other equity interests, to the extent such transaction would result in a breach of any of the financial covenants set forth in Article 9.

Appears in 1 contract

Samples: Credit Agreement (ProFrac Holding Corp.)

Time is Money Join Law Insider Premium to draft better contracts faster.