Common use of Certain Obligations Respecting Subsidiaries Clause in Contracts

Certain Obligations Respecting Subsidiaries. (a) The Company will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the Company and each of its Subsidiaries at all times owns (subject only to the Lien of the Security Documents) all of the issued and outstanding shares of each class of Capital Stock of each of such Person's Subsidiaries (other than, in each case, Capital Stock of Excluded Subsidiaries). Without limiting the generality of the foregoing, the Company shall not, and shall not permit any of its Subsidiaries to, sell, transfer or otherwise dispose of any shares of stock in any Subsidiary (other than an Excluded Subsidiary) owned by them, nor permit any Subsidiary of the Company (other than an Excluded Subsidiary) to issue any shares of Capital Stock of any class whatsoever to any Person (other than to the Company or to another Wholly-Owned Subsidiary or pursuant to Section 9.12 hereof). In the event that any such additional shares of Capital Stock shall be issued by any Subsidiary of the Company, the Company agrees forthwith to deliver to the Administrative Agent pursuant to the Security Documents the certificates Credit Agreement ----------------

Certain Obligations Respecting Subsidiaries. (a) The Company will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the Company and each of its Subsidiaries at all times owns (subject only to the Lien of the Security Documents) all at least the same percentage of the issued and outstanding shares of each class of Capital Stock stock of each of such Person's its Subsidiaries (other than, in each case, Capital Stock as is owned on the date of Excluded Subsidiaries)this Agreement. Without limiting the generality of the foregoing, none of the Company shall not, and shall not permit nor any of its Subsidiaries to, shall sell, transfer or otherwise dispose of any shares of stock in any Subsidiary (other than an Excluded Subsidiary) owned by them, nor permit any Subsidiary of the Company (other than an Excluded Subsidiary) to issue any shares of Capital Stock stock of any class whatsoever to any Person (other than to the Company or to another Wholly-Owned Subsidiary or pursuant to Section 9.12 hereofof its Subsidiaries). In the event that any such additional shares of Capital Stock stock shall be issued by any Subsidiary of the CompanySubsidiary, the Company agrees forthwith that it shall cause such Obligor to deliver to the Administrative Agent pursuant to the any Security Documents Document the certificates Credit Agreement ----------------evidencing such shares of stock, accompanied by undated stock powers executed in blank and shall take such other action as Agent shall request to perfect the security interest created therein pursuant to any Security Document.

Certain Obligations Respecting Subsidiaries. (a) The Company will, and ------------------------------------------- will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the Company and each of its Subsidiaries at all times owns (subject only to the Lien of the Security Documents) all at least the same percentage of the issued and outstanding shares of each class of Capital Stock stock of each of such Person's its Subsidiaries (other than, in each case, Capital Stock as is owned on the date of Excluded Subsidiaries)this Agreement. Without limiting the generality of the foregoing, none of the Company shall not, and shall not permit nor any of its Subsidiaries to, shall sell, transfer or otherwise dispose of any shares of stock in any Subsidiary (other than an Excluded Subsidiary) owned by them, nor permit any Subsidiary of the Company (other than an Excluded Subsidiary) to issue any shares of Capital Stock stock of any class whatsoever to any Person (other than to the Company or to another Wholly-Owned Subsidiary or pursuant to Section 9.12 hereofof its Subsidiaries). In the event that any such additional shares of Capital Stock stock shall be issued by any Subsidiary of the CompanySubsidiary, the Company agrees forthwith that it shall cause such Obligor to deliver to the Administrative Agent pursuant to the any Security Documents Document the certificates Credit Agreement ----------------evidencing such shares of stock, accompanied by undated stock powers executed in blank and shall take such other action as Co-Agent shall request to perfect the security interest created therein pursuant to any Security Document.

Certain Obligations Respecting Subsidiaries. (a) The Company Borrower will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the Company and each of its Subsidiaries Borrower at all times owns (subject only to the Lien of the Security DocumentsInstruments) all of the issued and outstanding shares of each class of Capital Stock stock of each of such Person's Subsidiaries (other than, in each case, Capital Stock of Excluded its Subsidiaries). Without limiting the generality of the foregoing, the Company Borrower shall not, and shall not permit any of its Subsidiaries to, sell, transfer or otherwise dispose of any shares of stock in any Subsidiary (other than an Excluded Subsidiary) owned by themit, nor or permit any Subsidiary of the Company (other than an Excluded Subsidiary) its Subsidiaries to issue any shares of Capital Stock stock of any class whatsoever to any Person (other than to the Company or to another Wholly-Owned Subsidiary or pursuant to Section 9.12 hereof)Borrower. In the event that any such additional shares of Capital Stock stock shall be issued by any Subsidiary of the CompanyBorrower, the Company Borrower agrees forthwith to deliver to the Administrative Agent pursuant to the Security Documents Instruments the certificates Credit Agreement ----------------evidencing such shares of stock, accompanied by undated stock powers executed in blank and shall take such other action as the Agent shall request to perfect the security interest created therein pursuant to the Security Instruments.

Certain Obligations Respecting Subsidiaries. (a) The Company Borrower ------------------------------------------- will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the Company and each of its Subsidiaries Borrower at all times owns (subject only to the Lien of the Security DocumentsInstruments) all of the issued and outstanding shares of each class of Capital Stock stock of each of such Person's Subsidiaries (other than, in each case, Capital Stock of Excluded its Subsidiaries). Without limiting the generality of the foregoing, the Company Borrower shall not, and shall not permit any of its Subsidiaries to, sell, transfer or otherwise dispose of any shares of stock in any Subsidiary (other than an Excluded Subsidiary) owned by themit, nor or permit any Subsidiary of the Company (other than an Excluded Subsidiary) its Subsidiaries to issue any shares of Capital Stock stock of any class whatsoever to any Person (other than to the Company or to another Wholly-Owned Subsidiary or pursuant to Section 9.12 hereof)Borrower. In the event that any such additional shares of Capital Stock stock shall be issued by any Subsidiary of the CompanyBorrower, the Company Borrower agrees forthwith to deliver to the Administrative Agent pursuant to the Security Documents Instruments the certificates Credit Agreement ----------------evidencing such shares of stock, accompanied by undated stock powers executed in blank and shall take such other action as the Agent shall request to perfect the security interest created therein pursuant to the Security Instruments.

Certain Obligations Respecting Subsidiaries. (a) The Company will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the Company and each of its Subsidiaries at all times owns (subject only to the Lien of the Security Documents) all of the issued and outstanding shares of each class of Capital Stock of each of such Person's Subsidiaries (other than, in each case, Capital Stock of Excluded Subsidiaries). Without limiting the generality of the foregoing, the Company shall not, and shall not permit any of its Subsidiaries to, sell, transfer or otherwise dispose of any shares of stock in any Subsidiary (other than an Excluded Subsidiary) owned by them, nor permit any Subsidiary of the Company (other than an Excluded Credit Agreement Subsidiary) to issue any shares of Capital Stock of any class whatsoever to any Person (other than to the Company or to another Wholly-Owned Subsidiary or pursuant to Section 9.12 hereof). In the event that any such additional shares of Capital Stock shall be issued by any Subsidiary of the Company, the Company agrees forthwith to deliver to the Administrative Agent pursuant to the Security Documents the certificates Credit Agreement ----------------evidencing such shares of stock, accompanied by undated stock powers executed in blank and shall take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Security Documents.