Common use of Limitation on Issuance of Preferred Stock Clause in Contracts

Limitation on Issuance of Preferred Stock. The Company will not issue Preferred Stock on or after the date hereof, subject to mandatory requirements under the Swedish Companies Act, and the fiduciary duties of the Board of Directors, without the consent of the holders of the majority of the Notes (calculated subject to Section 8.04 (Requisite Aggregate Principal Amount; Company-Owned Notes Disregarded)).

Appears in 2 contracts

Samples: Indenture Agreement (Oatly Group AB), Indenture Agreement (Oatly Group AB)

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Limitation on Issuance of Preferred Stock. The Company will not issue Preferred Stock on or after the date hereof, subject to mandatory requirements under the Swedish Companies Act, and the fiduciary duties of the Board of Directors, without the consent of the holders of the majority of the Notes (calculated subject to Section 8.04 6.04 (Requisite Aggregate Principal Amount; Company-Owned Notes Disregarded)).

Appears in 2 contracts

Samples: Subscription Agreement (Oatly Group AB), Subscription Agreement (Oatly Group AB)

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Limitation on Issuance of Preferred Stock. The Company will not issue Preferred Stock on or after the date hereof, subject to mandatory requirements under the Swedish Companies Act, and the fiduciary duties of the Board of Directors, without the consent of the holders of the majority of the Notes (calculated determined subject to Section 8.04 (Requisite Aggregate Principal Amount; Company-Owned Notes Disregarded)).

Appears in 1 contract

Samples: Indenture Agreement (Oatly Group AB)

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