No Additional Shares Clause Samples
The "No Additional Shares" clause prohibits the issuance of new shares or equity interests beyond those already authorized or outstanding. In practice, this means the company cannot create or distribute additional stock, options, or similar securities that would dilute the ownership percentage of existing shareholders. This clause is essential for protecting current investors from dilution and maintaining the agreed-upon ownership structure.
No Additional Shares. The Stockholder covenants that, except for shares of Company Common Stock issuable upon conversion or exercise of warrants, options or other rights to acquire shares of Company Common Stock as set forth on Schedule 2(c) attached hereto, after the date hereof, the Stockholder shall not purchase or acquire from, or otherwise vote to approve the issuance by, the Company of any additional shares of Company Common Stock.
No Additional Shares. The PLEDGOR will not consent to or approve the issuance of any additional shares of any class of capital stock in the CORPORATION or any securities convertible voluntarily by the holder thereof or automatically upon the occurrence or non-occurrence of any event or condition into, or exchangeable for, any such shares; or any warrants, options, rights, or other commitments entitling any person to purchase or otherwise acquire any such shares.
No Additional Shares. Except as otherwise disclosed in writing by each Investor, as applicable, to the Company, none of the Investors beneficially own any securities of the Company prior to the date of this Agreement.
No Additional Shares. Except with the consent of Existing Noteholders whose aggregate Exchanged Shares would represent a majority of the aggregate Exchanged Shares of all Existing Noteholders, following the execution of this Agreement, the Company shall not issue any shares of Common Stock or Common Stock Equivalents other than with respect to Company Stock Awards, Convertible Notes or warrants outstanding as of the date of this Agreement or otherwise contemplated by the RSA; provided, however, that the foregoing shall not apply to awards granted pursuant to any employee benefit plan.
No Additional Shares. The Company shall not issue or -------------------- sell shares of 8.5% Convertible Preferred Stock except as contemplated under this Agreement.
No Additional Shares. After the date of this Agreement and prior to the UPC Closing and the ▇▇▇▇ Closing, Sellers shall not voluntarily acquire, offer to acquire or solicit offers to sell, any additional shares of common stock of the Bank or any capital stock of BancShares. Nothing herein shall be deemed to prohibit a seller from acquiring additional shares of common stock of the Bank or other capital stock of the Bank pursuant to a dividend or other distribution undertaken by the Bank, or to acquire additional shares of common stock of the Bank or other capital stock by operation of law or by descent and distribution.
No Additional Shares. The Shares shall constitute all of the shares of CFI common stock (whether delivered by CFI or by MSH) issuable to the Members in exchange for the Membership Interests. No contingent payments shall be made to the Members in exchange for such Membership Interests.
No Additional Shares. From and after the date hereof, Cathay will not acquire additional shares of BFC common stock or securities convertible into or exercisable for BFC stock, other than the acquisition of the Shares provided for in this Agreement.
No Additional Shares. In the event that an underwriter(s) in the IPO exercises its Over-allotment Option, the Investor will not receive pursuant to the terms of this Agreement any additional Private Placement Shares, as the total amount of Private Placement Shares being purchased by the Investor is as set forth in the Recitals hereof.