Limitation on Issuances Sample Clauses
The Limitation on Issuances clause restricts a company’s ability to issue new shares or other equity securities. Typically, this clause sets specific conditions or thresholds under which new issuances are allowed, such as requiring shareholder approval or limiting the number of additional shares that can be created. By imposing these restrictions, the clause helps prevent dilution of existing shareholders’ ownership and protects their voting power and economic interests.
Limitation on Issuances. The Holder recognizes that the Company may be limited in the number of shares of Common Stock it may issue by (a) reason of its authorized shares, or (b) the applicable rules and regulations of the principal securities market on which the Common Stock is listed or traded (collectively, the "Cap Regulations"). Without limiting the other provisions hereof, (i) the Company will take all steps reasonably necessary to be in a position to issue shares of Common Stock on conversion of the Debentures without violating the Cap Regulations and (ii) if, despite taking such steps, the Company still can not issue such shares of Common Stock without violating the Cap Regulations, the Holder of this Debenture (to the extent the same can not be converted in compliance with the Cap Regulations (an "Unconverted Debenture"), shall have the option, exercisable in the Holder's sole and absolute discretion, to elect any one of the following remedies:
(1) require the Company to issue shares of Common Stock in accordance with such Holder's Notice of Conversion relating to the Unconverted Debenture at a conversion purchase price equal to the average of the closing bid price per share of Common Stock for any five (5) consecutive trading days (subject to the equitable adjustments for certain events occurring during such period as provided in this Debenture) during the sixty (60) trading days immediately preceding the date of the Notice of Conversion; or
(2) require the Company to redeem each Unconverted Debenture for the Redemption Price assuming for that purpose that the date of Redemption is the proposed date of conversion as specified in the Holder's Notice of Conversion.
Limitation on Issuances. The Company need not offer New Securities for purchase under this Section 4 (i) if doing so would constitute a public distribution within the meaning of the Securities Act or any applicable state securities laws or (ii) to any person or entity that is not an “accredited Stockholder” (as defined in Rule 501 of the Securities Act).
Limitation on Issuances. The Company will not issue Shares to any person if such issuance would cause such person to be classified as an “Owner” as described in Section 3.04, unless all of the following conditions are met:
(a) the Company’s board of directors shall have specifically authorized such issuance;
(b) such person shall have provided all of the documents and information and perform all acts reasonably requested by the Company and/or the Licensing Authority for such person to be registered as an “Owner” of the Company (collectively, the “Requested Information”); and
Limitation on Issuances. Notwithstanding anything herein to the contrary, as long as any Securities issued pursuant to the First Supplemental Indenture are Outstanding, the Company may not issue any Securities pursuant to Section 401 hereof unless the Company is, at the time of and immediately after such issuance, in compliance with the covenant set forth in Section 3.02(e) of the First Supplemental Indenture.
Limitation on Issuances. Notwithstanding anything to the contrary in this Agreement, the General Partner shall not cause or permit the Partnership to issue, or authorize the issuance of, any Units unless PubCo has a sufficient number of Class A Common Shares authorized, available and reserved for issuance upon an exchange of such newly issued Units for Class A Common Shares pursuant to an Exchange Transaction.