antidestruction clause

antidestruction clause. A provision in a security protecting a shareholder’s conversion rights, in the event of a merger, by granting the shareholder a right to convert the securities into the securities that will replace the com-pany’s stock when the merger is complete. See convertible security under SECURITY.

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词条贡献者

资深译员Ting，世界知名语言学院法律英语专业，专注翻译各种与专业责任纠纷有关的法律文件。