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

Changes in Capital Structure of Issuers. No Grantor will (i) permit or suffer any issuer of an Equity Interest constituting Pledged Collateral 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 Permitted Encumbrances and sales of assets permitted pursuant to Section 4.1(d)) or merge, amalgamate or consolidate with any other entity, or (ii) vote any Pledged Collateral in favor of any of the foregoing, except in each case to the extent permitted by the Credit Agreement.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Core-Mark Holding Company, Inc.), Pledge and Security Agreement (Core-Mark Holding Company, Inc.), Pledge and Security Agreement (Core-Mark Holding Company, Inc.)

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Changes in Capital Structure of Issuers. No Such Grantor will not (i) permit or suffer any 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 Permitted Encumbrances and sales of assets permitted pursuant to Section 4.1(d)) or merge, amalgamate merge or consolidate with any other entity, or (ii) vote any such Pledged Collateral in favor of any of the foregoing, except in each case to except as permitted under the extent permitted by the Credit Loan Agreement.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Wanxiang Group Corp), Pledge and Security Agreement (A123 Systems, Inc.)

Changes in Capital Structure of Issuers. No Grantor Subject to the terms of the Credit Agreement, the Borrower will not (i) permit or suffer any issuer of an Equity Interest constituting Pledged Collateral 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 Permitted Encumbrances and sales of assets permitted pursuant to Section 4.1(d)) or merge, amalgamate merge or consolidate with any other entity, or (ii) vote any Pledged Collateral in favor of any of the foregoing, except in each case to the extent permitted by the Credit Agreement.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.)

Changes in Capital Structure of Issuers. No The Grantor will not (i) permit or suffer any issuer of an Equity Interest constituting Pledged Collateral Equity owned by it to dissolve, mergeamalgamate, 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 Permitted Encumbrances Liens permitted under Section 3.1 and sales of assets permitted pursuant to Section 4.1(d)6.11 of the Credit Agreement) or merge, amalgamate merge or consolidate with any other entityentity (except as permitted pursuant to Section 6.11 of the Credit Agreement), or (ii) vote any such Pledged Collateral Equity in favor favour of any of the foregoing, except in each case to the extent permitted by the Credit Agreement.

Appears in 1 contract

Samples: Canadian Security Agreement (Elizabeth Arden Inc)

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Changes in Capital Structure of Issuers. No The Grantor will not (i) permit or suffer any issuer of an Equity Interest constituting Pledged Collateral Equity owned by it to dissolve, mergeamalgamate, 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 Permitted Encumbrances Liens permitted under Section 3.1 and sales of assets permitted pursuant to Section 4.1(d)5.11 of the Credit Agreement) or merge, amalgamate merge or consolidate with any other entityentity (except as permitted pursuant to Section 5.11 of the Credit Agreement), or (ii) vote any such Pledged Collateral Equity in favor favour of any of the foregoing, except in each case to the extent permitted by the Credit Agreement.

Appears in 1 contract

Samples: Canadian Pledge Agreement (Elizabeth Arden Inc)

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