Common use of Additional Equity Interests Clause in Contracts

Additional Equity Interests. Not consent to or approve the issuance of (i) any additional shares of any class of capital stock or other equity interests of any issuer of such Equity Interests; or (ii) any securities convertible either voluntarily by the holder thereof or automatically upon the occurrence or nonoccurrence of any event or condition into, or any securities exchangeable for, any such shares, unless, in either case, such shares are pledged as Collateral pursuant to this Agreement.

Appears in 2 contracts

Sources: Equity Pledge Agreement (American Mold Guard Inc), Equity Pledge Agreement (General Environmental Management, Inc)

Additional Equity Interests. Not consent to or approve the issuance of (i) any additional shares of any class of capital stock stock, units or other equity interests of any issuer of such Equity Interests; or (ii) any securities convertible either voluntarily by the holder thereof or automatically upon the occurrence or nonoccurrence of any event or condition into, or any securities exchangeable for, any such sharesshares or units, unless, in either case, such shares or units are pledged as Collateral pursuant to this Agreement.

Appears in 1 contract

Sources: Equity Pledge Agreement (PetroAlgae Inc.)