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 of the Subsidiaries to, Transfer any shares of Subsidiary Stock (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 or Transfer any shares of its own Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 6 contracts

Samples: Guaranty Agreement (Smucker J M Co), Note Purchase Agreement (Smucker J M Co), Note Purchase Agreement (Smucker J M Co)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.