Common use of and Section 7 Clause in Contracts

and Section 7. 16, any Subsidiary of the Borrower may (i) issue additional Capital Stock or (ii) sell outstanding Capital Stock thereof, in each case to any Subsidiary of the Borrower or any Persons other than Affiliates of the Borrower or its Subsidiaries (it being understood that any such sales and issuances that decrease the percentage ownership of the Borrower or any of its Subsidiaries in any class of Capital Stock of such Subsidiary shall be subject to Section 7.5).

Appears in 5 contracts

Samples: Credit Agreement (Davita Healthcare Partners Inc.), Credit Agreement (Davita Inc), Credit Agreement (Davita Inc)

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