Limitation on Issue Clause Samples
A Limitation on Issue clause restricts the amount or type of securities, shares, or financial instruments that a company can issue. Typically, this clause sets a maximum number of shares that may be issued or requires shareholder approval before additional securities can be created. By imposing these limits, the clause helps prevent dilution of existing shareholders' interests and ensures that the company cannot unilaterally alter its capital structure without oversight.
Limitation on Issue. The Board may not issue any First Preferred Shares if by so doing the aggregate amount payable to holders of First Preferred Shares as a return of capital in the event of the liquidation, dissolution or winding up of the Corporation or any other distribution of the assets of the Corporation among its shareholders for the purpose of winding up its affairs would exceed $500,000,000.
Limitation on Issue. 1 Section 3. Date, Denomination and Execution of Warrant Certificates. 2
Limitation on Issue. Subject to Sections 4, 6 and 8 hereof, the Company may execute and deliver to the Warrant Agent for countersignature, and the Warrant Agent shall, upon written order of the Company signed by its President or a Vice President, thereupon countersign and deliver certificates evidencing the Warrants (the "WARRANT CERTIFICATES") to the Company. Such Warrant Certificates initially shall evidence 138,000 (or 158,700 if the Optional Units under the Underwriting Agreement
Limitation on Issue of Bonds of the ____ Series. The principal amount of the Bonds of the ____ Series shall not be limited except as provided in Section 3.01 of the Indenture, and except as may otherwise be provided in an indenture supplemental to the Indenture, including this Section 1.03. Upon the delivery of this ______________ Supplemental Indenture and upon compliance with the applicable provisions of the Indenture, there shall be an initial issue of Bonds of the ____ Series in the aggregate principal amount of $___,000,000. Additional Bonds of the ____ Series having substantially the same terms as the outstanding Bonds of the ____ Series (except for the issue date and, if applicable, the initial interest payment date) may be issued by the Company, subject to satisfaction of the requirements of the Indenture, without notice to or the consent of the existing holders of the Bonds of the ____ Series.
Limitation on Issue. The aggregate principal amount of the Notes that may be issued and authenticated hereunder shall be unlimited.
Limitation on Issue. Subject to Sections 4, 6 and 8 hereof, the Company may execute and deliver to the Warrant Agent for countersignature, and the Warrant Agent shall, upon written order of the Company signed by its President or a Vice President, thereupon countersign and deliver certificates evidencing the Warrants
Limitation on Issue. Subject to Sections 4, 6 and 8 of this Agreement, the Company may execute and deliver to the Warrant Agent for countersignature, and the Warrant Agent shall, upon written order of the Company signed by its President or a Vice President, thereupon countersign and deliver certificates evidencing the Warrants (the "Warrant Certificates") to the Company. Such Warrant Certificates shall evidence 5,150,000 Warrants (consisting of 5,000,000 Common Stock Warrants and 150,000 Representative's Warrants) and, if the over-allotment option is exercised pursuant to Section 2(c) of the Underwriting Agreement, such Warrant Certificates shall evidence 5,922,500 Warrants (consisting of 5,750,000 Common Stock Warrants and 172,500 Representative's Warrants.