Common use of Issuance of Additional Stock Clause in Contracts

Issuance of Additional Stock. 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, unless such securities are pledged by such Grantor to the Agent, pursuant to this Agreement.

Appears in 1 contract

Samples: Security Agreement (American Bank Note Holographics Inc)

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Issuance of Additional Stock. The Except as may be permitted by the Indenture, each Grantor agrees that it will cause each of its subsidiaries 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, unless such securities are pledged by such Grantor to the Agent, pursuant to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (SLM International Inc /De)

Issuance of Additional Stock. The Except as may be permitted by the Credit Agreement, the Grantor agrees that it will cause each of its subsidiaries not to issue any stock shares or other securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities Stock or otherwise, unless such securities are pledged by such Grantor to the Agent, pursuant to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement and Irrevocable Proxy (SLM International Inc /De)

Issuance of Additional Stock. The Except as may be permitted by the Credit Agreement, 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, unless such securities are pledged by such Grantor to the Agent, pursuant to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement and Irrevocable Proxy (SLM International Inc /De)

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Issuance of Additional Stock. The Except as may be permitted by the Indenture, the Grantor agrees that it will cause each of its subsidiaries Subsidiaries not to issue any stock shares or other securities, whether in addition to, by stock dividend or other distribution upon, or in substitution for, the Pledged Securities Stock or otherwise, unless such securities are pledged by such Grantor to the Agent, pursuant to this Agreement.

Appears in 1 contract

Samples: Pledge Agreement (SLM International Inc /De)

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