Common use of Disposal of Ownership of a Subsidiary Clause in Contracts

Disposal of Ownership of a Subsidiary. The Company will not, and will not permit any Subsidiary to, sell or otherwise dispose of any shares of Subsidiary Stock, nor will the Company permit any such Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 3 contracts

Samples: Note Purchase Agreement (Granite Construction Inc), Subsidiary Guaranty Agreement (Granite Construction Inc), Note Purchase Agreement (Granite Construction Inc)

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Disposal of Ownership of a Subsidiary. The Company will not, and will not permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any shares of Subsidiary Stock, nor will the Company permit any such Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 2 contracts

Samples: Note Purchase Agreement, Note Purchase Agreement (Odyssey Re Holdings Corp)

Disposal of Ownership of a Subsidiary. The Company Borrower will not, and will not permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any shares of Subsidiary StockShares, nor will the Company Borrower permit any such Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stockshare capital, provided that the foregoing restrictions do not apply to:

Appears in 2 contracts

Samples: Credit Agreement (Hub International LTD), Hub International LTD

Disposal of Ownership of a Subsidiary. The Company will not, and will not permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of Transfer any shares of Subsidiary StockStock (including, without limitation, pursuant to any merger, consolidation or other transaction specified in Section 10.2 hereof), nor will the Company permit any such Subsidiary to issue, sell issue or otherwise dispose of Transfer any shares of its own Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Note Purchase Agreement (Circor International Inc)

Disposal of Ownership of a Subsidiary. The Company will not, and will not permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any shares of Subsidiary StockShares, nor will the Company permit any such Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stockshare capital, provided that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Hub International (Hub International LTD)

Disposal of Ownership of a Subsidiary. The Company will not, and will not permit any Subsidiary to, sell or otherwise dispose of Transfer any shares of Subsidiary Stock, nor will the Company permit any such Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Note Purchase Agreement (Ace Cash Express Inc/Tx)

Disposal of Ownership of a Subsidiary. The Company will not, and will not permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of any shares of Subsidiary Stock, nor will the Company permit any such Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stock, provided PROVIDED that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Note Purchase Agreement (Dakota Growers Pasta Co)

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Disposal of Ownership of a Subsidiary. The Company will not, and will not permit any Subsidiary of its Subsidiaries to, sell or otherwise dispose of Transfer any shares of Subsidiary Stock, nor will the Company permit any such Subsidiary to issue, sell or otherwise dispose of Transfer any shares of its own Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Note Purchase Agreement (Unified Western Grocers Inc)

Disposal of Ownership of a Subsidiary. The Company and the Parent will not, and will not permit any Restricted Subsidiary to, sell or otherwise dispose of any shares of Subsidiary Stock, nor will the Company or the Parent permit any such Restricted Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Note Purchase Agreement (Covenant Transport Inc)

Disposal of Ownership of a Subsidiary. The Parent and the Company will not, and will not permit any other Subsidiary to, sell or otherwise dispose of any shares of Subsidiary Stock, nor will the Parent or the Company permit any such Subsidiary to issue, sell or otherwise dispose of any shares of its own Subsidiary Stock, provided PROVIDED that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Note Purchase Agreement (U S Restaurant Properties Master L P)

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