Participation Clause Example with 20 Variations from Business Contracts
This page contains Participation clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Participation. Upon any conversion of this Note, the Holder shall be entitled to receive such dividends paid and distributions made to the holders of Common Stock from and after the initial Issuance Date to the same extent as if the Holder had effected such conversion and had held such shares of Common Stock (issued or to be issued in such conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on or prior to the applicable Share Delivery Deadlin...e with respect to such conversion (provided, however, to the extent that the Holder's right to participate in any such dividend or distribution would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Maximum Percentage).View More
Variations of a "Participation" Clause from Business Contracts
Participation. Upon In addition to any conversion adjustments pursuant to Section 7(b), the Holders shall, as holders of this Note, the Holder shall Preferred Shares, be entitled to receive such dividends paid and distributions made to the holders of shares of Common Stock from and after the initial Issuance Date to the same extent as if the Holder such Holders had effected such converted each Preferred Share held by each of them into shares of Common Stock (without regard to any limitations on conversion here...in or elsewhere) and had held such shares of Common Stock (issued or to be issued in such conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion (provided, holders of shares of Common Stock; provided, however, to the extent that the a Holder's right to participate in any such dividend or distribution would result in the such Holder exceeding the Maximum Percentage, then the such Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the such Holder until such time, if ever, as its right thereto would not result in the such Holder exceeding the Maximum Percentage). Percentage. View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 4, the Holders shall, as holders of this Note, the Holder shall Preferred Shares, be entitled to receive such dividends paid and distributions made to the holders of shares of Common Stock from and after the initial Issuance Date to the same extent as if the Holder such Holders had effected such converted each Preferred Share held by each of them into shares of Common Stock (without regard to any limitations on conversion herein ...or elsewhere) and had held such shares of Common Stock (issued or to be issued in such conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of shares of Common Stock (provided, however, to the extent that the a Holder's right to participate in any such dividend or distribution would result in the such Holder exceeding the Maximum Percentage, then the such Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the such Holder until such time, if ever, as its right thereto would not result in the such Holder exceeding the Maximum Percentage). View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 7(a), the Holders shall, as holders of this Note, the Holder shall Preferred Shares, be entitled to receive such dividends paid and distributions made to the holders of shares of Common Stock from and after the initial Issuance Date to the same extent as if the Holder such Holders had effected such converted each Preferred Share held by each of them into shares of Common Stock (without regard to any limitations on conversion here...in or elsewhere) and had held such shares of Common Stock (issued or to be issued in such conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of shares of Common Stock (provided, however, to the extent that the a Holder's right to participate in any such dividend or distribution would result in the such Holder exceeding the Maximum Percentage, then the such Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the such Holder until such time, if ever, as its right thereto would not result in the such Holder exceeding the Maximum Percentage). View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 8, the Holders shall, as holders of this Note, the Holder shall Preferred Shares, be entitled to receive such dividends paid and distributions made to the holders of shares of Common Stock from and after the initial Issuance Date to the same extent as if the Holder such Holders had effected such converted each Preferred Share held by each of them into shares of Common Stock (without regard to any limitations on conversion herein ...or elsewhere) and had held such shares of Common Stock (issued or to be issued in such conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of shares of Common Stock (provided, however, to the extent that the a Holder's right to participate in any such dividend or distribution would result in the such Holder exceeding the Maximum Percentage, then the such Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the such Holder until such time, if ever, as its right thereto would not result in the such Holder exceeding the Maximum Percentage). View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 7(b), the Holders shall, as holders of this Note, the Holder shall Preferred Shares, be entitled to receive such dividends paid and distributions made to the holders of shares of Common Stock from and after the initial Issuance Date to the same extent as if the Holder such Holders had effected such converted each Preferred Share held by each of them into shares of Common Stock (without regard to any limitations on conversion here...in or elsewhere) and had held such shares of Common Stock (issued or to be issued in such conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of shares of Common Stock (provided, however, to the extent that the a Holder's right to participate in any such dividend or distribution would result in the such Holder exceeding the Maximum Percentage, then the such Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the such Holder until such time, if ever, as its right thereto would not result in the such Holder exceeding the Maximum Percentage). View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 7, the Holder, as the holder of this Note, the Holder shall be entitled to receive such dividends paid and distributions made to the holders of Common Stock from and after the initial Issuance Date to the same extent as if the Holder had effected such converted this Note into Common Stock (without regard to any limitations on conversion herein or elsewhere) and had held such shares of Common Stock (issued or to be issued in such ...conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of Common Stock (provided, however, to the extent that the Holder's right to participate in any such dividend or distribution would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Maximum Percentage). Percentage. 23 15. AMENDING THE TERMS OF THIS NOTE. The prior written consent of the Holder shall be required for any change or amendment to this Note. View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 6, the 18 Holder, as the holder of this Note, the Holder shall be entitled to receive such dividends paid and distributions made to the holders of Common Stock from and after the initial Issuance Date to the same extent as if the Holder had effected such converted this Note into Common Stock (without regard to any limitations on conversion herein or elsewhere) and had held such shares of Common Stock (issued or to be issued in su...ch conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of Common Stock (provided, however, to the extent that the Holder's right to participate in any such dividend or distribution would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Maximum Percentage). View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 6, the Holder, as the holder of this Note, the Holder shall be entitled to receive such dividends paid and distributions made to the holders of Common Stock from and after the initial Issuance Date to the same extent as if the Holder had effected such converted this Note into Common Stock (without regard to any limitations on conversion herein or elsewhere) and had held such shares of Common Stock (issued or to be issued in such ...conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of Common Stock (provided, however, to the extent that the Holder's right to participate in any such dividend or distribution would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Maximum Percentage). View More
Participation. Upon In addition to any conversion adjustments pursuant to Section 7, the Holder, as the holder of this Note, the Holder shall be entitled to receive such dividends paid and distributions made to the holders of Common Stock from and after the initial Issuance Date to the same extent as if the Holder had effected such converted this Note into Common Stock (without regard to any limitations on conversion herein or elsewhere) and had held such shares of Common Stock (issued or to be issued in such ...conversion) on the record date for such dividends and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of Common Stock (provided, however, to the extent that the Holder's right to participate in any such dividend or distribution would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Maximum Percentage). View More
Participation. Upon any conversion The Holder, as the holder of this Note, the Holder shall be entitled to receive such dividends paid and distributions made to the holders of Common Stock from and after the initial Issuance Date to the same extent as if the Holder had effected such converted this Note into Common Stock (without regard to any limitations on conversion herein or elsewhere) and had held such shares of Common Stock (issued or to be issued in such conversion) on the record date for such dividends ...and distributions. Payments under the preceding sentence shall be made on concurrently with the dividend or prior distribution to the applicable Share Delivery Deadline with respect to such conversion holders of Common Stock (provided, however, that to the extent that the Holder's right to participate in any such dividend or distribution would result in the Holder exceeding the Maximum Percentage, then the Holder shall not be entitled to participate in such dividend or distribution to such extent (or the beneficial ownership of any such shares of Common Stock as a result of such dividend or distribution to such extent) and such dividend or distribution to such extent shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Maximum Percentage). View More
