Common use of Issuance of Stock by Subsidiaries Clause in Contracts

Issuance of Stock by Subsidiaries. The Company covenants that it will not permit any Subsidiary of the Company to issue, sell or otherwise dispose of any shares of any class of its stock (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) except to the Company or another Subsidiary of the Company.

Issuance of Stock by Subsidiaries. The Company covenants that it will not permit any Subsidiary of the Company to issue, issue or sell or otherwise dispose of any shares of its capital stock or other evidence of beneficial ownership to any class of its stock (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) except to Person other than the Company or another any Wholly Owned Subsidiary of the Company, which shares shall have been pledged to the Collateral Agent as part of the Loan Security.

Issuance of Stock by Subsidiaries. The Company covenants that it will not permit any Subsidiary of the Company to issue, sell or otherwise dispose of any shares of any class of its stock (either directly directly, or indirectly by the issuance of rights or options for, or securities convertible into, such shares or other equity interest) to issue, sell or otherwise dispose of any shares of any class of its stock or other equity interest (other than directors' qualifying shares) except to the Company or another Subsidiary of the Companya 75%-owned Subsidiary.

Issuance of Stock by Subsidiaries. The Company covenants that it will not permit any Subsidiary of the Company to issue, sell or otherwise dispose of any shares of its stock of any class of its stock (either directly or indirectly by the issuance of rights or options for, or securities convertible into, such shares) except to the Company or another Subsidiary a Wholly Owned Subsidiary, and except to the extent that holders of the Companyminority interests may be entitled to purchase stock by reason of preemptive rights.

Issuance of Stock by Subsidiaries. The Company covenants that it will not permit any Subsidiary of the Company to issue, sell or otherwise dispose of any shares of any class of its stock (either directly directly, or indirectly by the issuance of rights or options for, or securities convertible into, such sharesequity interests) to issue, sell or otherwise dispose of any of its equity interests, except to the Company or another Subsidiary of the CompanySubsidiary.

Issuance of Stock by Subsidiaries. The the Company covenants that it will not permit any Subsidiary of the Company to issue, sell or otherwise dispose of any shares of any class of its stock (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 any class of its stock (other than directors' qualifying shares) except to the Company or another Subsidiary of the CompanySubsidiary.