Common use of Disposition of Stock Clause in Contracts

Disposition of Stock. The Borrower will not, and will not --------------------- permit any of its Subsidiaries to, become a party to or agree to or effect any disposition or issuance of any stock or share capital of a Subsidiary to any Person other than the Borrower.

Appears in 1 contract

Samples: Term Loan Agreement (Fairfield Communities Inc)

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Disposition of Stock. The Borrower Borrowers will not, and will not --------------------- permit any of its their Subsidiaries to, become a party to or agree to or effect any disposition or issuance of any stock or share capital of a Subsidiary to any Person other than the a Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

Disposition of Stock. The Borrower will not, and will not --------------------- permit any of its Subsidiaries to, become a party to or agree to or effect any disposition or issuance of any stock or share capital of a Subsidiary to any Person other than the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

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Disposition of Stock. The Borrower will not, and will not --------------------- -------------------- permit any of its Subsidiaries to, become a party to or agree to or effect any disposition or issuance of any stock or share capital of a Subsidiary to any Person other than the Borrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Fairfield Communities Inc)

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