Common use of Issuance of Stock by Subsidiaries Clause in Contracts

Issuance of Stock by Subsidiaries. The Company shall not permit any Subsidiary to issue, sell or dispose of any shares of its stock of any class (including any warrants, rights or options to purchase or otherwise acquire stock or other securities exchangeable for or convertible into stock) or any of its partnership or other equity interests, except to Meditrust or any wholly-owned Subsidiary, and except (i) for the purpose of qualifying directors and (ii) to the extent that holders of minority interests may be entitled to purchase stock by reason of validly pre-existing preemptive rights.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Meditrust), Revolving Credit Agreement (Meditrust), Revolving Credit Agreement (Meditrust)

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Issuance of Stock by Subsidiaries. The Company shall not permit any Subsidiary to (either directly, or indirectly by the issuance of rights or options for, or securities convertible into, such shares) issue, sell or otherwise dispose of any shares of any class of its stock of any class (including any warrants, rights or options to purchase or otherwise acquire stock or other securities exchangeable for or convertible into stock) or any of its partnership or other equity interests, ownership interests (other than directors' qualifying shares) except to Meditrust the Company or any wholly-owned a Restricted Subsidiary, and except (i) for the purpose of qualifying directors and (ii) to the extent that holders of minority interests may be entitled to purchase stock by reason of validly pre-existing preemptive rights.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Plum Creek Timber Co Inc), Credit Agreement (Plum Creek Timber Co Inc)

Issuance of Stock by Subsidiaries. The Company shall will not permit any Subsidiary to (either directly, or indirectly by the issuance of rights or options for, or securities convertible into, such shares) issue, sell or otherwise dispose of any shares of any class of its stock of any class (including any warrantsother than directors' qualifying shares) except to the Company or another Subsidiary; provided, rights or options to purchase or otherwise acquire stock or other securities exchangeable for or convertible into stock) or any however, Cottxx Xxxada Hardware may issue and sell shares of its partnership or other equity interestsstock in the ordinary course of business consistent with its practices as of April 13, except to Meditrust or any wholly-owned Subsidiary, and except (i) for the purpose of qualifying directors and (ii) to the extent that holders of minority interests may be entitled to purchase stock by reason of validly pre-existing preemptive rights1992.

Appears in 2 contracts

Samples: Credit Agreement (Truserv Corp), Credit Agreement (Truserv Corp)

Issuance of Stock by Subsidiaries. The Company shall not permit any Subsidiary to issue, sell or dispose of any shares of its stock of any class (including any warrants, rights or options to purchase or otherwise acquire stock or other securities exchangeable for or convertible into stock) or any of its partnership or other equity interests, except to Meditrust the Company or any wholly-owned Subsidiary, and except (i) for the purpose of qualifying directors and (ii) to the extent that holders of minority interests may be entitled to purchase stock by reason of validly pre-existing preemptive rights.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Meditrust Corp), Revolving Credit Agreement (Meditrust Corp)

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Issuance of Stock by Subsidiaries. The Company shall will not, and will not permit any Subsidiary to to, issue, sell or otherwise dispose of any shares Stock (either directly, or indirectly by the issuance of its stock of any class (including any warrants, rights or options to purchase for, or otherwise acquire stock or securities convertible into, such Stock) of any Material Subsidiary (other securities exchangeable for or convertible into stock) or any of its partnership or other equity intereststhan directors' qualifying shares), except to Meditrust the Company or any wholly-owned another Material Subsidiary, and except if, as a result of such issuance, sale or disposition (i) for the purpose of qualifying directors and (ii) giving full effect to the extent that holders exercise of minority interests may be entitled to purchase stock by reason of validly pre-existing preemptive any such rights, options or conversion rights) such Material Subsidiary would no longer qualify as a Subsidiary.

Appears in 1 contract

Samples: Kinder Morgan Inc

Issuance of Stock by Subsidiaries. The Company shall will 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 otherwise dispose of any shares of any class of its stock of any class (including any warrants, rights or options to purchase or otherwise acquire stock or other securities exchangeable for or convertible into stockthan directors' qualifying shares) or any of its partnership or other equity interests, except to Meditrust or any wholly-owned Subsidiary, and except (i) for the purpose of qualifying directors and (iia) to the extent that holders Company or another Subsidiary or (b) any such issuance, sale or other disposition if, after giving effect thereto, the Company continues to own, directly or indirectly, at least a majority of minority interests may be entitled to purchase the issued and outstanding capital of stock by reason of validly pre-existing preemptive rightseach class of such Subsidiary.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Ace Hardware Corp)

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