Common use of Voting Debt Clause in Contracts

Voting Debt. On the Closing Date there will be no authorized or outstanding bonds, debentures, notes, or other Indebtedness of the Company having the right to vote on or approve (or containing any provision granting any holder thereof or other Person the right to vote on or approve), or that are convertible into, or exchangeable for, securities having the right to vote on or approve, any matter on which any holder of Equity Securities of the Company may vote on or approve (“Voting Debt”).

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Universal Security Instruments Inc)

Voting Debt. On the Closing Date there will be no authorized or outstanding bonds, debentures, notes, or other Indebtedness of the Company Purchaser having the right to vote on or approve (or containing any provision granting any holder thereof or other Person the right to vote on or approve), or that are convertible into, or exchangeable for, securities having the right to vote on or approve, any matter on which any holder of Equity Securities of the Company may vote on or approve (“for Voting Debt”).

Appears in 1 contract

Sources: Membership Interest Purchase Agreement (Universal Security Instruments Inc)

Voting Debt. On the Closing Date there will be no authorized or outstanding bonds, debentures, notes, or other Indebtedness of the Company having the right to vote on or approve (or ​ ​ containing any provision granting any holder thereof or other Person the right to vote on or approve), or that are convertible into, or exchangeable for, securities having the right to vote on or approve, any matter on which any holder of Equity Securities of the Company may vote on or approve (“Voting Debt”).

Appears in 1 contract

Sources: Merger Agreement (Universal Security Instruments Inc)

Voting Debt. On the Closing Date there will be no authorized or outstanding bonds, debentures, notes, or other Indebtedness of the Company Parent having the right to vote on or approve (or containing any provision granting any holder thereof or other Person the right to vote on or approve), or that are convertible into, or exchangeable for, securities having the right to vote on or approve, any matter on which any holder of Equity Securities of the Company may vote on or approve (“for Voting Debt”).

Appears in 1 contract

Sources: Merger Agreement (Universal Security Instruments Inc)

Voting Debt. On the Closing Date there will be no authorized or outstanding bonds, debentures, notes, or other Indebtedness of the Company Debt having the right to vote on or approve (or containing any provision granting any holder thereof or other Person the right to vote on or approve), or that are convertible into, or exchangeable for, securities having the right to vote on or approve, any matter on which any holder of Equity Securities of the Company may vote on or approve (“Voting Debt”).

Appears in 1 contract

Sources: Merger Agreement (Universal Security Instruments Inc)