Common use of Issuance of Stock by Subsidiaries Clause in Contracts

Issuance of Stock by Subsidiaries. The Company 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 (other than directors' qualifying shares) except to the Company or another Subsidiary; provided, however, Cottxx Xxxada Hardware may issue and sell shares of its stock in the ordinary course of business consistent with its practices as of April 13, 1992.

Issuance of Stock by Subsidiaries. The Company will not permit any Subsidiary to (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 (other than directors' qualifying shares) except to the Company or another Subsidiary; provided, however, Cottxx Xxxada Hardware may issue and sell shares of its stock in the ordinary course of business consistent with its practices as of April 13, 1992.

Issuance of Stock by Subsidiaries. The Company will not permit any Subsidiary to (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 (other than directors' qualifying shares) except (a) to the 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 the issued and outstanding capital of stock of each class of such Subsidiary; provided, however, Cottxx Xxxada Hardware may issue and sell shares of its stock in the ordinary course of business consistent with its practices as of April 13, 1992.

Issuance of Stock by Subsidiaries. The Company Guarantor 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 (other than directors' qualifying shares) except to the Company Guarantor or another Subsidiary; provided, however, Cottxx Xxxada Hardware may issue and sell shares of its stock in the ordinary course of business consistent with its practices as of April 13, 1992.

Issuance of Stock by Subsidiaries. The Company will not, and will not permit any Subsidiary to to, issue, sell or otherwise dispose of any Stock (either directly, or indirectly by the issuance of rights or options for, or securities convertible into, such sharesStock) issue, sell or otherwise dispose of any shares of any class of its stock Material Subsidiary (other than directors' qualifying shares) ), except to the Company or another Material Subsidiary; provided, howeverif, Cottxx Xxxada Hardware may issue and sell shares as a result of its stock in such issuance, sale or disposition (giving full effect to the ordinary course exercise of business consistent with its practices any such rights, options or conversion rights) such Material Subsidiary would no longer qualify as of April 13, 1992a Subsidiary.

Issuance of Stock by Subsidiaries. The Company 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 (other than directors' qualifying shares) except to the Company or another Subsidiary; provided, however, Cottxx Xxxada Hardware TruServ Canada Cooperative Inc. may issue and sell shares of its stock in the ordinary course of business consistent with its practices as of April 13, 1992.

Issuance of Stock by Subsidiaries. The Company will not and will not permit any Subsidiary to 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 (other than directors' qualifying shares) except to the Company or another Subsidiary; provided, however, Cottxx Xxxada Hardware and Variety Cooperative, Inc. may issue and sell shares of its stock in the ordinary course of business consistent with its practices as of April 13, 1992.

Issuance of Stock by Subsidiaries. The Company 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 (other than directors' qualifying shares) except to the Company or another Subsidiary; provided, however, Cottxx Xxxada Hardware may issue and sell shares of its stock in the ordinary course of business consistent with its practices as of April 13, 1992.