Common use of Activities of Subsidiaries Clause in Contracts

Activities of Subsidiaries. The Company shall not permit any subsidiary to consolidate or merge into or with or sell or transfer all or substantially all its assets, except that any subsidiary may (i) consolidate or merge into or with or sell or transfer assets to any other subsidiary, or (ii) merge into or sell or transfer assets to the Company. The Company shall not sell or otherwise transfer any shares of capital stock of any subsidiary, except to the Company or another subsidiary, or permit any subsidiary to issue, sell or otherwise transfer any shares of its capital stock or the capital stock of any subsidiary, except to the Company or another subsidiary. The Company shall not permit any subsidiary to purchase or set aside any sums for the purchase of, or pay any dividend or make any distribution on, any shares of its stock, except for dividends or other distributions payable to the Company or another subsidiary.

Appears in 5 contracts

Samples: Preferred Stock Purchase Agreement (Careerbuilder Inc), Convertible Preferred Stock Purchase Agreement (New Era of Networks Inc), Convertible Preferred Stock Purchase Agreement (New Era of Networks Inc)

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Activities of Subsidiaries. The Company shall not permit any subsidiary to consolidate or merge into or with or sell or transfer all an or substantially all its assets, except that any subsidiary may (i) consolidate or merge into or with or sell or transfer assets to any other subsidiary, or (ii) merge into or sell or transfer assets to the Company. The Company shall not sell or otherwise transfer any shares of capital stock of any subsidiary, except to the Company or another subsidiary, or permit any subsidiary to issue, sell or otherwise transfer any shares of its capital stock or the capital stock of any subsidiary, except to the Company or another subsidiary. The Company shall not permit any subsidiary to purchase or set aside any sums for the purchase of, or pay any dividend or make any distribution on, any shares of its stock, except for dividends or other distributions payable to the Company or another subsidiary.

Appears in 1 contract

Samples: Convertible Preferred Stock Purchase Agreement (New Era of Networks Inc)

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Activities of Subsidiaries. The Company Corporation shall not permit any subsidiary to consolidate or merge into or with or sell or transfer all or substantially all its assets, except that any subsidiary may (i) consolidate or merge into or with or sell or transfer assets to any other subsidiary, or (ii) merge into or sell or transfer assets to the CompanyCorporation. The Company Corporation shall not sell or otherwise transfer any shares of capital stock of any subsidiary, except to the Company Corporation or another subsidiary, or permit any subsidiary to issue, sell or otherwise transfer any shares of its capital stock or the capital stock of any subsidiary, except to the Company Corporation or another subsidiary. The Company Corporation shall not permit any subsidiary to purchase or set aside any sums for the purchase of, or pay any dividend or make any distribution on, any shares of its stock, except for dividends or other distributions payable to the Company Corporation or another subsidiary.

Appears in 1 contract

Samples: Registration Rights Agreement (Intralase Corp)

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