Common use of Issuance of Additional Stock Clause in Contracts

Issuance of Additional Stock. Each Grantor agrees that it will cause each of its subsidiaries not to issue any stock or other securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities or otherwise.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Spanish Broadcasting System Finance Corp), Pledge Agreement and Irrevocable Proxy (Water Pik Technologies Inc)

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Issuance of Additional Stock. Each Grantor agrees that it will cause each of its subsidiaries not to issue any stock stock, limited liability company interests, membership interests or other securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities or otherwise.

Appears in 2 contracts

Samples: Pledge Agreement (BioScrip, Inc.), Pledge Agreement (BioScrip, Inc.)

Issuance of Additional Stock. Each Grantor agrees that it will cause each of its subsidiaries not to issue any stock or other securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities or otherwise, except as delivered to the Agent as contemplated hereunder.

Appears in 1 contract

Samples: 4 Pledge Agreement (Airxcel Inc)

Issuance of Additional Stock. Each The Grantor agrees that it will cause each of its subsidiaries not to issue any stock or other securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities or otherwise, other than Preferred Stock that is pledged to, or subject to a lien in favor of, the Purchaser or its assignees.

Appears in 1 contract

Samples: Pledge Agreement and Irrevocable Proxy (National Medical Health Card Systems Inc)

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Issuance of Additional Stock. Each Grantor agrees that it will cause each of its subsidiaries the Company not to issue any stock or other securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities or otherwise.

Appears in 1 contract

Samples: Pledge Agreement (Providential Holdings Inc)

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