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

译者Miranda，毕业于英国顶尖的高级翻译学院，擅长翻译各种与债务重组与公司清算/破产相关的法律文件。