Common use of No Dilution or Impairment Clause in Contracts

No Dilution or Impairment. The Company shall not amend its Articles of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance or sale of securities or any other voluntary action for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in carrying out all such action as may be reasonably necessary in order to protect the exercise rights of the holder against improper dilution or other impairment.

Appears in 22 contracts

Samples: Stock Warrant Agreement (Gopher Protocol Inc.), Stock Warrant Agreement (Atlantic Bancshares, Inc.), Stock Warrant Agreement (CommunitySouth Bancshares Inc)

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No Dilution or Impairment. The Company shall not amend its Articles of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance issue or sale of securities or any other voluntary action action, for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in carrying out all such action as may be reasonably necessary or appropriate in order to protect the exercise conversion rights of the holder holders of the Preferred Stock against improper dilution or other impairment.

Appears in 2 contracts

Samples: Preferred Stock Purchase Agreement (Pillowtex Corp), Preferred Stock Purchase Agreement (Pillowtex Corp)

No Dilution or Impairment. The Company shall not amend its Articles ------------------------- of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance or sale of securities or any other voluntary action for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in carrying out all such action as may be reasonably necessary in order to protect the exercise rights of the holder against improper dilution or other impairment.

Appears in 2 contracts

Samples: Stock Warrant Agreement (Ebank Financial Services Inc), Stock Warrant Agreement (Ebank Financial Services Inc)

No Dilution or Impairment. The Company shall not amend its ----------------------------- Articles of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance or sale of securities or any other voluntary action for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in carrying out all such action as may be reasonably necessary in order to protect the exercise rights of the holder against improper dilution or other impairment.

Appears in 2 contracts

Samples: Stock Warrant Agreement (Ebank Financial Services Inc), Stock Warrant Agreement (Ebank Financial Services Inc)

No Dilution or Impairment. The Company shall not amend will not, by amendment of its Restated Articles of Incorporation Incorporation, as amended, or participate in any through reorganization, transfer of assets, consolidation, merger, dissolution, issuance issue or sale of securities securities, sale of assets or any other voluntary action for the purpose of avoiding action, avoid or seeking seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Companyof this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such action as may be reasonably necessary or appropriate in order to protect the exercise rights of the holder holders of the Warrants against improper dilution or other impairment.

Appears in 1 contract

Samples: Warrant Agreement (Lipkin Raymond A)

No Dilution or Impairment. The Company shall not amend its Articles of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance issue or sale of securities or any other voluntary action action, for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will shall at all times in good faith assist in carrying out all such action as may be reasonably necessary or appropriate in order to protect the exercise conversion rights of the holder Holder against improper dilution or other impairment.

Appears in 1 contract

Samples: Note Purchase Agreement (Singer Brad C)

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No Dilution or Impairment. The Company shall not amend its Articles of ------------------------- Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance or sale of securities or any other voluntary action for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in carrying out all such action as may be reasonably necessary in order to protect the exercise rights of the holder against improper dilution or other impairment.

Appears in 1 contract

Samples: Stock Warrant Agreement (CNB Bancorp Inc/Va)

No Dilution or Impairment. The Company shall not amend its Articles of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance issue or sale of securities or any other voluntary action action, for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will shall at all times in good faith assist in carrying out all such action as may be reasonably necessary or appropriate in order to protect the exercise conversion rights of the holder holders of the Series A Preferred against improper dilution or other impairment.

Appears in 1 contract

Samples: Debt Conversion Agreement (American Soil Technologies Inc)

No Dilution or Impairment. The Company shall not amend its Articles of Incorporation or participate in any reorganization, transfer of assets, consolidation, merger, dissolution, issuance issue, or sale of securities or any other voluntary action action, for the purpose of avoiding or seeking to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in carrying out all such action as may be reasonably necessary or appropriate in order to protect the exercise conversion rights of the holder holders of the Preferred Stock against improper dilution or other impairment.

Appears in 1 contract

Samples: Stock Purchase Agreement (Premier Concepts Inc /Co/)

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