Disqualified Equity Interests. (a) Issue any Disqualified Equity Interests, or (b) be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of any Loan Party or any Subsidiary, except as permitted under Section 7.06.
Appears in 2 contracts
Samples: Loan and Security Agreement (Live Oak Acquisition Corp), Loan and Security Agreement (Live Oak Acquisition Corp)
Disqualified Equity Interests. (a) Issue any Disqualified Equity Interests, or (b) be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of any Loan Party Parent or any Subsidiary, except as permitted under Section 7.06.
Appears in 1 contract
Samples: Loan and Security Agreement (Attis Industries Inc.)
Disqualified Equity Interests. (a) Issue any Disqualified Equity Interests, or (b) be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of any Loan Party Borrower or any Subsidiary, except as permitted under Section 7.06.
Appears in 1 contract
Samples: Loan and Security Agreement (Intercloud Systems, Inc.)
