No Conversion Rights Clause Samples
The No Conversion Rights clause explicitly prohibits the holder of a security or instrument from converting it into another form of equity or debt, such as shares or other securities of the company. In practice, this means that, for example, a lender or noteholder cannot exchange their notes for company stock or other convertible instruments, regardless of future circumstances or company actions. This clause is primarily used to maintain the existing ownership structure and prevent dilution of equity, ensuring that only those parties originally intended to hold equity or specific securities can do so.
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No Conversion Rights. The holders of the Series A Preferred Units shall not have any rights to convert such shares into shares of any other class or series of stock or into any other securities of, or interest in, the Partnership.
No Conversion Rights. The Series A Preferred Units shall not be convertible into any other class or series of interest in the Partnership.
No Conversion Rights. The holders of the Series B Preferred Units shall not have any rights to convert such Partnership Units into any other class of Partnership Interests or any interest in the Partnership.
No Conversion Rights. The Series J Preferred Units shall not be convertible into any other class or series of interest in the Partnership.
No Conversion Rights. The holders of the Series A Preferred Stock shall not have any rights to convert such shares into shares of any other class or series of stock of the Company or into any other securities of, or interest in, the Company.
No Conversion Rights. The Series M Preferred Units shall not be convertible into any other class or series of interest in the Partnership.
No Conversion Rights. The holders of the Series C Preferred Units shall not have any rights to convert such shares into shares of any other class or series of stock or into any other securities of, or interest in, the Partnership.
No Conversion Rights. The Common Stock shall not be convertible into, or exchangeable for, shares of any other class or classes or of any other series of the same class of the Corporation’s capital stock.
No Conversion Rights. (a) The holders of the Series C Preferred Units shall not have any rights to convert such Partnership Units into any other class of Partnership Interests or any interest in the Partnership; (b) The Series C Preferred Units shall not be subject to the provisions of Section 4.2(e) of the Partnership Agreement.
No Conversion Rights. Except as contemplated in Section 17.4, the Series B Preferred Units shall not be convertible into any other class or series of interest in the Partnership.