No Equity Interest. No Mortgage Loan has capitalized interest included in its principal balance, or provides for any shared appreciation rights or other equity participation therein and no contingent or additional interest contingent on cash flow or negative amortization (other than with respect to the deferment of payment with respect to ARD Loans pursuant to the terms of the Mortgage Loan documents for such ARD Loans) is due thereon.
No Equity Interest. The Employee shall not have any rights as a stockholder of the Company as a result of this Agreement or the bonuses granted pursuant hereto.
No Equity Interest. Nothing in this Exhibit 4 creates or conveys any equity or ownership interest in the Company nor any rights commonly associated with such interests, including, without limitation, the right to vote on any matters put before the shareholders of the Company.
No Equity Interest. The Parties understand and agree that (i) the contingent rights to receive the Earnout Payments shall not be represented by any form of certificate or other instrument, is not transferable, and does not constitute an equity or ownership interest in Buyer or the Companies, (ii) Seller shall not have any rights as a security holder of Buyer or the Companies as a result of Seller's contingent right to receive the Earnout Payments hereunder, and (iii) no interest is payable with respect to Earnout Payments made on a timely basis. Seller acknowledges that (A) there is no assurance that Seller will be entitled to receive Earnout Payments and Buyer has not promised or projected the Earnout Payments and (B) the Parties solely intend the express provisions of this Agreement to govern their contractual relationship with regards to the Earnout Payments.
No Equity Interest. Seller does not own or hold (directly or indirectly) any equity or debt interest in any corporations, joint venture, partnerships, business associations, trusts, or other firms or entities which are engaged in the sale of replenishment merchandise and/or promotional merchandise, except as set forth in Schedule 4.3. .
No Equity Interest. Neither the Plan nor any allocation of Units hereunder creates or conveys any equity or ownership interest in the Company nor any rights commonly associated with such interests, including, without limitation, the right to vote on any matters put before the stockholders of the Company.
No Equity Interest. This Agreement in no way grants or implies any equity interest in FGC, voting rights pertaining to club policy, or any privileges not expressed herein.
No Equity Interest. Buyer does not currently own any of the capital ------------------ stock of, or any other equity interest in, Seller.
No Equity Interest. The Payee acknowledges and agrees that this Agreement does not grant the Payee an equity interest in Payor or any of its Affiliates.
No Equity Interest. The Purchaser acknowledges and agrees that this Agreement does not grant the Purchaser an equity interest in Seller or any of its Affiliates.
