Common use of Issuance of Stock by Subsidiaries Clause in Contracts

Issuance of Stock by Subsidiaries. The Borrower shall not permit any Subsidiary (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock of any class (other than directors' qualifying shares, if any) except to the Borrower or another Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower Company shall not permit any Subsidiary (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock of any class (other than directors' qualifying shares, if any) except to the Borrower Company or another Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower shall will not permit any Subsidiary (either directly directly, or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock Equity Interests except (i) for directors’ qualifying shares or other shares issued to comply with local ownership legal requirements (but not in excess of any class the minimum number of shares necessary to satisfy such requirement), and (other than directors' qualifying shares, if anyii) except to the Borrower or another a Wholly Owned Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower shall not permit any Subsidiary (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock stock of any class (other than directors' qualifying shares, if any) except to the Borrower or another Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower shall will not permit any Subsidiary (either directly directly, or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock stock of any class except (i) for directors’ qualifying shares or other than directors' qualifying sharesshares issued to comply with local ownership legal requirements (but not in excess of the minimum number of shares necessary to satisfy such requirement), if any(ii) except to the Borrower or another a Wholly Owned Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower Company shall not permit any Subsidiary to (either directly 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 its Stock of any class of its stock or partnership or other ownership interests (other than directors' qualifying shares, if any) except to the Borrower Company or another a Restricted Subsidiary, and except to the extent that holders of minority interests may be entitled to purchase stock by reason of preemptive rights.

Issuance of Stock by Subsidiaries. The Borrower shall will not permit any Subsidiary (either directly directly, or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock of any class Equity Interests except (other than i) for directors' qualifying sharesshares or other shares issued to comply with local ownership legal requirements (but not in excess of the minimum number of shares necessary to satisfy such requirement), if anyand (ii) except to the Borrower or another a Wholly Owned Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower Company shall not permit any Subsidiary (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock stock of any class (other than directors' qualifying shares, if any) except to the Borrower Company or another Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower shall not permit any Subsidiary to (either directly 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 its Stock of any class of its stock or partnership or other ownership interests (other than directors' ’ qualifying shares, if any) except to the Borrower or another a Restricted Subsidiary, and except to the extent that holders of minority interests may be entitled to purchase stock by reason of preemptive rights.

Issuance of Stock by Subsidiaries. The Borrower shall not permit any Subsidiary (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock of any class (other than directors' ’ qualifying shares, if any) except to the Borrower or another Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower shall not permit any Subsidiary (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock of any class (other than directors' qualifying shares, if any) except to the Borrower or another Subsidiary.

Issuance of Stock by Subsidiaries. The Borrower shall will not permit any Subsidiary (either directly directly, or indirectly by the issuance of rights or options for, or securities convertible into, such shares) to issue, sell or dispose of any shares of its Stock stock of any class except (other than i) for directors' qualifying sharesshares or other shares issued to comply with local ownership legal requirements (but not in excess of the minimum number of shares necessary to satisfy such requirement), if any(ii) except to the Borrower or another a Wholly Owned Subsidiary.