Common use of Increases in capital Clause in Contracts

Increases in capital. The Borrower shall not permit an increase in its capital by way of issuance of any class or series of Equity Interests or create any new class of Equity Interests that is not subject to the existing Stock Pledge Agreement;

Appears in 1 contract

Sources: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)

Increases in capital. The Neither Borrower shall not permit an increase in of its capital by way of the issuance of any class or series of Equity Interests or create any new class of Equity Interests that is not subject to a Security Interest to secure the existing Stock Pledge Agreement;Secured Liabilities.

Appears in 1 contract

Sources: Loan Agreement (Pangaea Logistics Solutions Ltd.)

Increases in capital. The Neither Borrower shall not permit an increase in its capital by way of issuance of any class or series of Equity Interests or create any new class of Equity Interests that is not subject to the existing Stock Pledge Agreement;

Appears in 1 contract

Sources: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)