Equity Interests of Subsidiaries. No Grantor shall allow or permit any of its Domestic Subsidiaries (i) that is a corporation, business trust, joint stock company or similar Person, to issue Uncertificated Securities, unless such Person promptly takes the actions set forth in Section 4.1(b) with respect to any such Uncertificated Securities, (ii) that is a partnership or limited liability company, to (A) issue Equity Interests that are to be dealt in or traded on securities exchanges or in securities markets, (B) expressly provide in its organizational documents that its Equity Interests are securities governed by Article 8 of the UCC, or (C) place Pledge and Security Agreement such Subsidiary’s Equity Interests in a Securities Account, unless such Person promptly takes the actions set forth in Section 4.1(b) with respect to any such Equity Interests, and (iii) to issue Equity Interests in addition to or in substitution for the Pledged Property or any other Equity Interests pledged hereunder, except for additional Equity Interests issued to such Grantor; provided that (A) such Equity Interests are pledged and delivered to the Collateral Agent (or, prior to the Discharge of First Lien Obligations, the First Lien Administrative Agent, acting as gratuitous bailee on behalf of the Collateral Agent pursuant to the Intercreditor Agreement) within thirty (30) days (or such later date as determined by the First Lien Administrative Agent (or, after the Discharge of the First Lien Debt, the Collateral Agent) in its sole discretion), and (B) within such thirty (30) day period, such Grantor delivers a supplement to Schedule I to the Collateral Agent identifying such new Equity Interests as Pledged Property, in each case, pursuant to the terms of this Security Agreement. No Grantor shall permit any of its Domestic Subsidiaries to issue any warrants, options, contracts or other commitments or other securities that are convertible to any of the foregoing or that entitle any Person to purchase any of the foregoing, and except for this Security Agreement, any other Loan Document or any First Lien Loan Document (subject to and in accordance with the terms and conditions of the Intercreditor Agreement), shall not, and shall not permit any of its Domestic Subsidiaries to, enter into any agreement creating any restriction or condition upon the transfer, voting or control of any Pledged Property. Notwithstanding anything in this Section 4.01 to the contrary, this Section 4.01 shall not apply in respect of Exclu...
Equity Interests of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, create, incur, assume or suffer to exist any Lien on any Equity Interests of any Subsidiary of the Borrower, except for Permitted Liens.
Equity Interests of Subsidiaries. Not permit any Loan Parties (excluding Holdings) or any of their Subsidiaries to issue any additional Equity Interests, except to a Loan Party or other Subsidiary of a Loan Party and except for director’s qualifying Equity Interests to the extent required under applicable law. Not permit Holdings to issue any Disqualified Equity Interests.
Equity Interests of Subsidiaries. Permit any of the Subsidiaries to issue any additional Equity Interests except director's qualifying shares.
Equity Interests of Subsidiaries. All of the outstanding shares of capital stock or similar equity interests of each Subsidiary owned by the Company or the Parent Guarantor and their respective Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by the Company, the Parent Guarantor or another Subsidiary free and clear of any Lien (other than Liens that are not prohibited hereunder on Equity Interests in Subsidiaries securing Debt that is not prohibited hereunder).
Equity Interests of Subsidiaries. Schedule 9 sets forth a true and correct list of all of the authorized, and the issued and outstanding, stock, partnership interests, limited liability company membership interests or other equity interest in any Subsidiary owned directly by each Company.
Equity Interests of Subsidiaries. Each Loan Party will cause (i) 100% of the issued and outstanding Equity Interests of each of its Domestic Subsidiaries (other than Disregarded Domestic Persons), (ii) 65% of the issued and outstanding Equity Interests in each Disregarded Domestic Person and (iii) 65% of the issued and outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each Foreign Subsidiary directly owned by such Loan Party to be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent for the benefit of the Administrative Agent and the other Secured Parties, pursuant to the terms and conditions of the Loan Documents or other Collateral Documents as the Administrative Agent shall reasonably request.
Equity Interests of Subsidiaries. The Grantor will cause each of its Subsidiaries that is
Equity Interests of Subsidiaries. Each Loan Party will cause (i) 100% of the issued and outstanding Equity Interests of each of its Domestic Subsidiaries (other than Disregarded Domestic Persons), (ii) 65% of the issued and outstanding Equity Interests in each Disregarded Domestic Person and (iii) 65% of the issued and outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) and 100% of the issued and outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each Foreign Subsidiary directly owned by such Loan Party to be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent for the benefit of the Administrative Agent and the other Secured Parties, pursuant to the terms and conditions of the Loan Documents or other Collateral Documents as the Administrative Agent shall reasonably request. Notwithstanding the foregoing, no actions in any jurisdiction outside the United States, other than Canada and the United Kingdom, or required by laws of any jurisdiction outside the United States, other than Canada and the United Kingdom, shall be required to be taken by any Loan Party in order to create any security interests in any such Equity Interests.
Equity Interests of Subsidiaries. Permit any of its Subsidiaries to issue any additional Equity Interests except director’s qualifying shares unless such Equity Interests, if and to the extent required by the Security Documents, are pledged to the Agent as collateral security for the Obligations.
