Non-Voting Equity Securities. Pursuant to Section 1123(a)(6) of Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”), the Company will not issue non-voting equity securities (which shall not be deemed to include any warrants or options or similar instruments to purchase equity of the Company); provided, however, that this provision (i) will have no further force or effect beyond that required under Section 1123 of the Bankruptcy Code, (ii) will have such force and effect, if any, only for so long as such section is in effect and applicable to the Company or any of its wholly-owned subsidiaries and (iii) in all events may be amended or eliminated in accordance with applicable law as from time to time in effect.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.), Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.), Limited Liability Company Agreement (Brasdril Sociedade De Perfuracoes Ltda.)
