Common use of DISPOSAL OF SUBSIDIARY STOCK; RESTRICTIONS ON SUBSIDIARIES Clause in Contracts

DISPOSAL OF SUBSIDIARY STOCK; RESTRICTIONS ON SUBSIDIARIES. A. Except for any sale of 100% of the capital stock or other equity Securities of any of Company's Subsidiaries in compliance with the provisions of subsection 7.7(vii) and except pursuant to the Collateral Documents, Holdings will not and will not permit any of its Subsidiaries to directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity Securities of any of its Subsidiaries, except to qualify directors if required by applicable law, or in the case of Company's Subsidiaries, to Company or to a wholly-owned Subsidiary of Company.

DISPOSAL OF SUBSIDIARY STOCK; RESTRICTIONS ON SUBSIDIARIES. A. Except for any sale of 100% of the capital stock or other equity Securities of any of Company's its Subsidiaries in compliance with the provisions of subsection 7.7(vii7.7(i) and except pursuant to the Collateral Documents, Holdings will Company shall not and will shall not permit any of its Subsidiaries to directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity Securities of any of its Subsidiaries, except to qualify directors if required by applicable law, or in the case of Company's Subsidiaries, to Company or to a wholly-owned Subsidiary of Company.

DISPOSAL OF SUBSIDIARY STOCK; RESTRICTIONS ON SUBSIDIARIES. A. 1. Except for any sale of 100% of the capital stock or other equity Securities of any of Company's Subsidiaries in compliance with the provisions of subsection 7.7(vii7.7(x) and except pursuant to the Collateral Documents, Holdings will shall not and will shall not permit any of its Subsidiaries to directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity Securities of any of its Subsidiaries, except to qualify directors if required by applicable law, or in the case of Company's Subsidiaries, to Company or to a wholly-owned Subsidiary of CompanyCompany (other than Bell Xxxkets, Inc.).