Common use of Changes in Capital Structure of Issuers Clause in Contracts

Changes in Capital Structure of Issuers. Such Grantor will not (i) permit or suffer any Subsidiary that is an issuer of an Equity Interest constituting Pledged Collateral owned by it to dissolve, merge, liquidate, retire any of its Equity Interests or other Instruments or Securities evidencing ownership, reduce its capital, sell or encumber all or substantially all of its assets (except for dissolutions, mergers or liquidations permitted pursuant to Section 6.03 of the Credit Agreement, Permitted Liens and sales of assets permitted pursuant to Section 4.1(d)) or merge or consolidate with any other entity (except for mergers or consolidations permitted pursuant to Section 6.03 of the Credit Agreement), or (ii) vote any such Pledged Collateral in favor of any of the foregoing.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Smithfield Foods Inc), Pledge and Security Agreement (Smithfield Foods Inc), Pledge and Security Agreement (Smithfield Foods Inc)

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Changes in Capital Structure of Issuers. Such Except as expressly permitted pursuant to Section 6.03 of the Credit Agreement, such Grantor will not (i) permit or suffer any Subsidiary that is an issuer of an Equity Interest constituting Pledged Collateral owned by it to dissolve, merge, liquidate, retire any of its Equity Interests or other Instruments or Securities evidencing ownership, reduce its capital, sell or encumber all or substantially all of its assets (except for dissolutionsPermitted Encumbrances, mergers or liquidations Liens expressly permitted pursuant to Section 6.03 6.02 of the Credit Agreement, Permitted Liens Agreement and sales of assets permitted pursuant to Section 4.1(d4.1(e)) or merge or consolidate with any other entity (except for mergers or consolidations permitted pursuant to Section 6.03 of the Credit Agreement)entity, or (ii) vote any such Pledged Collateral in favor of any of the foregoing.

Appears in 1 contract

Samples: Pledge and Security Agreement (Griffon Corp)

Changes in Capital Structure of Issuers. Such Grantor will not (i) permit or suffer any Subsidiary that is an issuer of an Equity Interest constituting Pledged Collateral (to the extent such Issuer is a Subsidiary of such Grantor or any other Grantor) owned by it to dissolve, merge, liquidate, retire any of its Equity Interests or other Instruments or Securities evidencing ownership, reduce its capital, sell or encumber all or substantially all of its assets (except for dissolutions, mergers or liquidations permitted pursuant to Section 6.03 of Permitted Encumbrances and other Liens granted under the Credit Agreement, Permitted Liens Loan Documents and sales of assets permitted pursuant to Section 4.1(d)) or merge or consolidate with any other entity (except for mergers or consolidations as permitted pursuant to Section 6.03 of under the Credit Agreement), or (ii) vote any such Pledged Collateral in favor of any of the foregoing.

Appears in 1 contract

Samples: Pledge and Security Agreement (Exactech Inc)

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Changes in Capital Structure of Issuers. Such Except as expressly permitted pursuant to Section 6.3 of the Credit Agreement, such Grantor will not (i) permit or suffer any Subsidiary that is an issuer of an Equity Interest constituting Pledged Collateral owned by it to dissolve, merge, liquidate, retire any of its Equity Interests or other Instruments or Securities evidencing ownership, reduce its capital, sell or encumber all or substantially all of its assets (except for dissolutionsPermitted Encumbrances, mergers or liquidations Liens expressly permitted pursuant to Section 6.03 6.2 of the Credit Agreement, Permitted Liens Agreement and sales of assets permitted pursuant to Section 4.1(d4.1(e)) or merge or consolidate with any other entity (except for mergers or consolidations permitted pursuant to Section 6.03 of the Credit Agreement)entity, or (ii) vote any such Pledged Collateral in favor of any of the foregoing.

Appears in 1 contract

Samples: Pledge and Security Agreement (Griffon Corp)

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