Common use of Limitation on Issuance of Equity Clause in Contracts

Limitation on Issuance of Equity. The Company will not, and will not permit any of its Subsidiaries to, issue (i) any class of Disqualified Stock; notwithstanding the foregoing and for the avoidance of doubt, the Company and its Subsidiaries may issue Qualified Stock and/or options and warrants for the same in an unlimited amount so long as such Qualified Stock and/or options and warrants are not Disqualified Stock.

Appears in 3 contracts

Samples: Execution Version (Omnova Solutions Inc), Term Loan Credit Agreement (Omnova Solutions Inc), Term Loan Credit Agreement (Omnova Solutions Inc)

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Limitation on Issuance of Equity. The Company will not, and will not permit any of its Subsidiaries to, issue (i) issue, except as permitted by Section 8.04, any class of Disqualified Stock; notwithstanding the foregoing and for the avoidance of doubt, the Company and its Subsidiaries may issue Qualified Stock and/or options and warrants for the same in an unlimited amount so long as such Qualified Stock and/or options and warrants are not Disqualified Stock.

Appears in 1 contract

Samples: Loan Credit Agreement (Omnova Solutions Inc)

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Limitation on Issuance of Equity. The Company will not, and will not permit any of its Subsidiaries to, issue (i) ), except as permitted by Section 8.04, any class of Disqualified Stock; notwithstanding the foregoing and for the avoidance of doubt, the Company and its Subsidiaries may issue Qualified Stock and/or options and warrants for the same in an unlimited amount so long as such Qualified Stock and/or options and warrants are not Disqualified Stock.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Omnova Solutions Inc)

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