Common use of Disposal of Subsidiary Interests Clause in Contracts

Disposal of Subsidiary Interests. Except for any Disposition of all of its interests in the Equity Interests of any of its Subsidiaries in compliance with the provisions of Section 6.8, no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectly, issue, sell or otherwise dispose of any Equity Interests of any of its Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its Subsidiaries, directly or indirectly, to issue, sell or otherwise dispose of any Equity Interests of any of its Subsidiaries, except to another Credit Party (subject to the restrictions on such disposition otherwise imposed hereunder), to qualify directors if required by applicable law or for the purposes of establishing a Joint Venture permitted under this Agreement so long as the issuance, sale or disposition of such Equity Interests (x) occurs substantially concurrently with the establishment of such Joint Venture and (y) to the extent constituting an Investment or an Asset Sale, is permitted pursuant to Section 6.6 and Section 6.8 respectively.

Disposal of Subsidiary Interests. Except for any Disposition sale of all of its interests in the Equity Interests Capital Stock of any of its Subsidiaries in compliance with the provisions of Section 6.86.09, no Credit Loan Party shall, nor shall it any Loan Party permit any of its Subsidiaries (excluding the Excluded Entities) to, (a) directly or indirectlyindirectly sell, issueassign, sell pledge, or otherwise encumber or dispose of any Equity Interests Capital Stock of any of its SubsidiariesSubsidiaries (excluding the Excluded Entities), except to qualify directors if required by applicable law; law or (b) permit any of its Subsidiaries, Subsidiaries (excluding the Excluded Entities) directly or indirectlyindirectly to sell, to issueassign, sell pledge, or otherwise encumber or dispose of any Equity Interests Capital Stock of any of its SubsidiariesSubsidiaries (excluding the Excluded Entities), except (i) the Equity Grant, (ii) to another Credit Loan Party (subject to the restrictions on such disposition otherwise imposed hereunder), or (iii) to qualify directors if required by applicable law or for the purposes of establishing a Joint Venture permitted under this Agreement so long as the issuance, sale or disposition of such Equity Interests (x) occurs substantially concurrently with the establishment of such Joint Venture and (y) to the extent constituting an Investment or an Asset Sale, is permitted pursuant to Section 6.6 and Section 6.8 respectivelylaw.

Disposal of Subsidiary Interests. Except (i) for any Disposition sale of all of its interests (or, if less than all, no more than a minority of its interests) in the Equity Interests of any of its Subsidiaries in compliance with the provisions of Section 6.8, (ii) with respect to the Collateral in accordance with the terms of the Credit Documents and (iii) with respect to the Subsidiary Integration Transactions, no Credit Party shall, nor shall it permit any of its Subsidiaries to, (a) directly or indirectlyindirectly sell, issueassign, sell pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries, except to qualify directors if required by applicable law; or (b) permit any of its Subsidiaries, Subsidiaries directly or indirectlyindirectly to sell, to issueassign, sell pledge or otherwise encumber or dispose of any Equity Interests of any of its Subsidiaries, except to another Credit Party (subject to the restrictions on such disposition otherwise imposed hereunder), or to qualify directors if required by applicable law or for the purposes of establishing a Joint Venture permitted under this Agreement so long as the issuance, sale or disposition of such Equity Interests (x) occurs substantially concurrently with the establishment of such Joint Venture and (y) to the extent constituting an Investment or an Asset Sale, is permitted pursuant to Section 6.6 and Section 6.8 respectivelylaw.