Common use of Issuance of Stock by Subsidiaries Clause in Contracts

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, either directly or indirectly, by the issuance of rights or options for, or securities convertible into, such shares, or otherwise, issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the stock of any Subsidiary of the Company (other than directors' qualifying shares) except to a Permanent Borrower or a wholly-owned Subsidiary of a Permanent Borrower.

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, into such shares, or otherwise, ) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the its stock of any Subsidiary of the Company class (other than directors' qualifying shares, if any) except to a Permanent Borrower the Lessee or a wholly-owned Subsidiary of a Permanent Borroweranother Subsidiary.

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, into such shares, or otherwise, ) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the its stock of any Subsidiary of the Company class (other than directors' qualifying shares, if any) except to a Permanent Borrower the Sponsor or a wholly-owned Subsidiary of a Permanent Borroweranother Subsidiary.

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, such shares, or otherwise, ) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the its capital stock of any Subsidiary of the Company (other than directors' qualifying shares) except to a Permanent Borrower or a wholly-owned Subsidiary of a Permanent Borrower).

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, such shares, or otherwise, ) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the stock of any Subsidiary of the Company (other than directors' qualifying shares) except to a Permanent Borrower or a wholly-owned Subsidiary of a Permanent Borrowerany class of its capital stock.

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, into such shares, or otherwise, ) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the its stock of any Subsidiary of the Company class (other than directors' qualifying shares, if any) except to a Permanent the Borrower or a wholly-owned Subsidiary of a Permanent Borroweranother Subsidiary.

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, --------------------------------- Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, into such shares, or otherwise, ) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the its stock of any Subsidiary of the Company class (other than directors' qualifying shares, if any) except to a Permanent the Borrower or a wholly-owned Subsidiary of a Permanent Borroweranother Subsidiary.

Issuance of Stock by Subsidiaries. Permit any of its Subsidiaries to, Material --------------------------------- Subsidiary (either directly or indirectly, indirectly by the issuance of rights or options for, or securities convertible into, into such shares, or otherwise, ) to issue, sell or otherwise dispose of any shares of any authorized but unissued or treasury class of the its stock of any Subsidiary of the Company class (other than directors' qualifying shares, if any) except to a Permanent the Borrower or a whollyanother Wholly-owned Owned Subsidiary of a Permanent Borrower.