Common use of Additional Stock Issuance Clause in Contracts

Additional Stock Issuance. The Company shall not permit any of its Subsidiaries to issue any additional shares of its capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Company. Neither the Company nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock or other equity securities of a Subsidiary, except (i) to the Company or any of its wholly-owned Subsidiaries, or (ii) in connection with a transaction permitted by Section 6.6.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Essex County Gas Company), Loan and Security Agreement (Object Design Inc)

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Additional Stock Issuance. The Company shall not permit any of its ------------------------- Subsidiaries to issue any additional shares of its capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Company. Neither the Company nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock or other equity securities of a Subsidiary, except (i) to the Company or any of its wholly-owned Subsidiaries, or (ii) in connection with a transaction permitted by Section 6.6.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tier Technologies Inc)

Additional Stock Issuance. The Company shall not permit any of its Subsidiaries to issue any additional shares of its capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Company. Neither the Company nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock or other equity securities of a Subsidiary, except (i) to the Company or any of its wholly-owned Subsidiaries, or (ii) in connection with a transaction permitted by Section 6.67.5.

Appears in 1 contract

Samples: Term Loan and Acquisition Line Agreement (Watson General Corp)

Additional Stock Issuance. The Company shall not permit any of its Subsidiaries to issue any additional shares of its capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Company. Neither the Company nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock or other equity securities of a Subsidiary, except (i) to the Company or any of its wholly-owned Subsidiaries, Subsidiaries or (ii) in connection with a transaction permitted by this Section 6.7 and by Section 6.6.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Hemasure Inc)

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Additional Stock Issuance. The Company shall not permit any of its Subsidiaries to issue any additional shares of its capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Company. Neither the Company nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock or other equity securities of a Subsidiary, except (i) to the Company or any of its whollyWholly-owned Owned Subsidiaries, or (ii) in connection with a transaction permitted by Section 6.6SECTION 6.5.

Appears in 1 contract

Samples: Revolving Credit Agreement (Guess Inc Et Al/Ca/)

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