Certain Equity Securities. The Borrowers will not, nor will it permit the Parent or any Subsidiary to, issue any preferred stock (other than (a) Qualified Preferred Stock of the Parent and (b) the Preferred Stock issued pursuant to the Plan of Reorganization) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent or any Subsidiary.
Appears in 1 contract
Samples: Fixed Asset Credit Agreement (Pliant Corpororation)
Certain Equity Securities. The Borrowers Parent Borrower will not, nor will it permit the Parent or any Subsidiary to, issue any preferred stock (other than (a) Qualified Preferred Stock of the Parent Borrower and (b) the Preferred Stock issued pursuant to the Plan of Reorganization) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent Borrower or any Subsidiary.
Appears in 1 contract
Samples: Working Capital Credit Agreement (Pliant Corpororation)
Certain Equity Securities. The Borrowers Parent Borrower will not, nor will it permit the Parent or any Subsidiary to, issue any preferred stock (other than (a) Qualified Preferred Stock of the Parent and (b) the Preferred Stock issued pursuant to the Plan of ReorganizationBorrower) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent Borrower or any Subsidiary.
Appears in 1 contract
Samples: Pliant Corp
Certain Equity Securities. The Borrowers Parent Borrower will not, nor will it permit the Parent or any Subsidiary to, issue any preferred stock (other than (a) Qualified Preferred Stock of the Parent and (b) the Preferred Stock issued pursuant to the Plan of ReorganizationBorrower) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent Borrower or any Subsidiary, except for (i) the warrants issued in connection with the Existing Preferred Stock, (ii) the Warrants and (iii) actions otherwise permitted under Section 6.09.
Appears in 1 contract
Samples: Credit Agreement (Pliant Corp)