Common use of Equity Interests of the Borrower and Restricted Subsidiaries Clause in Contracts

Equity Interests of the Borrower and Restricted Subsidiaries. Permit any Domestic Subsidiary that is a Restricted Subsidiary to be a non-wholly owned Subsidiary, except (i) as a result of or in connection with a dissolution, liquidation, merger, consolidation or Disposition of a Restricted Subsidiary permitted by Section 7.04, 7.05 or an Investment in any Person permitted under Section 7.02 or (ii) so long as such Restricted Subsidiary continues to be a Guarantor; provided, however, a Xxxxxxx Subsidiary may cease to be a Guarantor once Equity Interests of such Xxxxxxx Subsidiary issue or vest pursuant to the terms of a Xxxxxxx Equity Document, as in effect on the date hereof; provided further, however, if such Xxxxxxx Subsidiary later becomes a wholly-owned Subsidiary, such Xxxxxxx Subsidiary shall once again become a Guarantor.