EQUITY SECURITY SALES Clause Samples

EQUITY SECURITY SALES. Except as provided above in subsection (a), or unless the Lenders otherwise consent, the Company shall immediately pay to the Agent for the benefit of the Lenders an amount equal to the proceeds (net of reasonable issuance expenses) of any sales by the Company or any of its Subsidiaries of (A) newly-issued equity securities or treasury stock of the Company or any of its Subsidiaries, and (B) Subordinated Debt of the Company or any of its Subsidiaries.