Common use of Disposal of Subsidiary Stock Clause in Contracts

Disposal of Subsidiary Stock. Except for (x) any pledge or encumbrance of the Capital Stock of any of its Restricted Subsidiaries required under this Agreement and the applicable Collateral Documents and (y) any sale of 100% of the Capital Stock of any of its Restricted Subsidiaries in compliance with the provisions of subsection 7.7(i) or 7.7(vi), Borrower shall not:

Appears in 2 contracts

Samples: Credit Agreement (Isle of Capri Casinos Inc), Credit Agreement (Grand Palais Riverboat Inc)

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Disposal of Subsidiary Stock. Except pursuant to the Collateral Documents and except for (x) any pledge or encumbrance sale of all of the Capital Stock capital stock or other equity Securities of any of its Restricted Subsidiaries required under this Agreement owned by any Borrower and the applicable Collateral Documents and (y) any sale of 100% of the Capital Stock of any of its Restricted Subsidiaries in compliance with the provisions of subsection 7.7(i) or 7.7(vi7.7(iv), each Borrower shall not:

Appears in 2 contracts

Samples: Credit Agreement (Hines Horticulture Inc), Credit Agreement (Hines Holdings Inc)

Disposal of Subsidiary Stock. Except for (x) any pledge or encumbrance of the Capital Stock of any of its Restricted Subsidiaries required under this Agreement and the applicable Collateral Documents and (y) any sale of 100% of the Capital Stock of any of its Restricted Subsidiaries in compliance with the provisions of subsection 7.7(i) or 7.7(vi)7.7, Borrower shall not:

Appears in 2 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

Disposal of Subsidiary Stock. Except for (x) any pledge or encumbrance of the Capital Stock of any of its Restricted Subsidiaries required under this Agreement and the applicable Collateral Documents 131 and (y) any sale of 100% of the Capital Stock of any of its Restricted Subsidiaries in compliance with the provisions of subsection 7.7(i) or 7.7(vi)7.7, Borrower shall not:

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Disposal of Subsidiary Stock. Except for (x) any pledge or encumbrance of pursuant to the Capital Stock of any of its Restricted Subsidiaries required under this Agreement and the applicable Collateral Documents and (y) except for any sale of 100% of the Capital Stock capital stock or other equity Securities of any of its Restricted Subsidiaries in compliance with the provisions of subsection 7.7(isubsections 7.7(iv) or and 7.7(vi), Borrower shall not:

Appears in 1 contract

Samples: Credit Agreement (Joy Global Inc)

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Disposal of Subsidiary Stock. Except for (x) any pledge or encumbrance of the Capital Stock capital stock or other equity Securities of any of its Restricted Subsidiaries required under this Agreement and the applicable Collateral Documents and (y) any sale of 100% of the Capital Stock capital stock or other equity Securities of any of its Restricted Subsidiaries in compliance with the provisions of subsection 7.7(i) or 7.7(vi), Borrower Company shall not:

Appears in 1 contract

Samples: Credit Agreement (Isle of Capri Casinos Inc)

Disposal of Subsidiary Stock. Except for (x) any pledge or encumbrance of the Capital Stock of any of its Restricted Subsidiaries required under this Agreement and the applicable Collateral Documents and (y) any sale of 100% of the Capital Stock of any of its Restricted Subsidiaries in compliance with the provisions of clauses (i), (iv), (vi), and (vii) of subsection 7.7(i) or 7.7(vi)7.7, Borrower shall not:

Appears in 1 contract

Samples: Credit Agreement (Integrated Defense Technologies Inc)

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