Issuance of Stock by Restricted Subsidiaries. The Company will not permit any Restricted Subsidiary (either directly or indirectly, by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of such Restricted Subsidiary's stock (other than directors' qualifying shares) except to the Company or another Restricted Subsidiary.
Appears in 3 contracts
Samples: Credit Agreement (Monterey Resources Inc), Credit Agreement (Santa Fe Energy Resources Inc), Credit Agreement (Monterey Acquisition Corp)
Issuance of Stock by Restricted Subsidiaries. The Company covenants that it will not permit any Restricted Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or otherwise dispose of any shares of its stock of any authorized but unissued or treasury class of such Restricted Subsidiary's stock (other than directors' qualifying shares, if any) except to the Company or another Restricted Subsidiary.
Appears in 1 contract
Samples: Note Purchase and Private Shelf Agreement (Gold Kist Inc)
Issuance of Stock by Restricted Subsidiaries. The Unless otherwise permitted by Section 8.10, the Company will not permit any Restricted Subsidiary (either directly or indirectly, by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of such its own capital stock except that a Restricted Subsidiary may issue, sell or dispose of shares of its capital stock to the Company or a Wholly-Owned Restricted Subsidiary's stock (other than , or for directors' qualifying shares) except to the Company or another Restricted Subsidiary.
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