Common use of Options, Etc Clause in Contracts

Options, Etc. Other than the Equity Interests to be issued by Master Holdco at the Document Closing contemplated by this Participation Agreement, (i) there are no outstanding options or rights for conversion into or acquisition, purchase or transfer of Equity Interests in any Project Entity, (ii) there are no agreements or arrangements for the issuance by any Person of additional Equity Interests in any Project Entity, and (iii) no Person has outstanding (x) any securities convertible into or exchangeable for any Project Entity’s Equity Interests, or (y) any rights to subscribe for or to purchase, or any option for the purchase of, or any agreement, arrangement or understanding providing for the issuance (contingent or otherwise) of, or any call, loan commitment or claims of any character relating to, any Project Entity’s Equity Interests.