Common use of Additional Stock Issuance Clause in Contracts

Additional Stock Issuance. The Borrower shall not permit any of its Subsidiaries to issue any additional shares of such Subsidiary's capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Borrower; PROVIDED, that such Subsidiaries may issue additional shares of its capital stock if after any such issuance the Borrower or such Subsidiary has 50% or more of the ordinary voting power for the election of a majority of the members of the board of directors or other governing body of such entity or the Borrower or such Subsidiary has, at least, a 50% ownership interest.

Additional Stock Issuance. The Borrower Company shall not permit any of its Subsidiaries to issue any additional shares of such Subsidiary's capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the BorrowerCompany; PROVIDED, that such Subsidiaries may issue additional shares of its capital stock if after any such issuance the Borrower or such Subsidiary Company has 50% or more of the ordinary voting power for the election of a majority of the members of the board of directors or other governing body of such entity or the Borrower or such Subsidiary Company has, at least, a 50% ownership interest.

Additional Stock Issuance. The Borrower shall not permit any of its Subsidiaries to issue any additional shares of such Subsidiary's capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Borrower; PROVIDEDprovided, that such Subsidiaries may issue additional shares of its capital stock if after any such issuance the Borrower or such Subsidiary has 50% or more of the ordinary voting power for the election of a majority of the members of the board of directors or other governing body of such entity or the Borrower or such Subsidiary has, at least, a 50% ownership interest.