Issuance of Stock by Subsidiaries. No Subsidiary shall --------------------------------- issue or sell any shares of its capital stock or other evidence of beneficial ownership to any Person other than the Company or any Wholly Owned Subsidiary of the Company, which shares shall have been pledged to the Agent as part of the Credit Security.
Appears in 2 contracts
Samples: Credit Agreement (Transmontaigne Oil Co), Credit Agreement (Transmontaigne Inc)
Issuance of Stock by Subsidiaries. No Subsidiary shall --------------------------------- issue or sell any shares of its capital stock or other evidence of beneficial ownership to any Person other than the Company or any Wholly Owned Subsidiary of the Company, which shares shall have been pledged to the Agent as part of the Credit SecurityPerson.
Appears in 1 contract
Samples: Bridge Loan Agreement (Advanced Radio Telecom Corp)
Issuance of Stock by Subsidiaries. No Subsidiary shall --------------------------------- issue or sell any shares of its capital stock or other evidence of beneficial ownership to any Person other than (a) the Company or any Wholly Owned Subsidiary of the Company, which shares shall have been pledged to the Managing Agent as part of the Credit SecuritySecurity to the extent required by the Guarantee and Security Agreement and (b) directors of Subsidiaries as qualifying shares to the extent required by Legal Requirements.
Appears in 1 contract
Issuance of Stock by Subsidiaries. No Subsidiary shall --------------------------------- issue or sell any shares of its capital stock or other evidence of beneficial ownership to any Person other than the Company a Borrower or any Wholly Owned Subsidiary of the Company, which shares shall have been pledged to the Agent as part of the Credit SecurityBorrower.
Appears in 1 contract
Samples: Credit Agreement (Chemfab Corp)
Issuance of Stock by Subsidiaries. No Subsidiary shall --------------------------------- issue or sell any shares of its capital stock or other evidence of beneficial ownership to any Person other than (a) the Holding Company or any Wholly Owned Subsidiary of the Holding Company, which shares shall have been pledged to the Agent as part of the Credit SecuritySecurity to the extent required by the Guarantee and Security Agreement and (b) directors of Subsidiaries as qualifying shares to the extent required by Legal Requirements.
Appears in 1 contract
Samples: Credit Agreement (Playcore Inc)
Issuance of Stock by Subsidiaries. No Subsidiary shall --------------------------------- issue or sell any shares of its capital stock or other evidence of beneficial ownership to any Person other than the Company or any Wholly Owned Subsidiary of the Company, which shares shall have been pledged to the Collateral Agent as part of the Credit SecurityPledged Collateral.
Appears in 1 contract
Issuance of Stock by Subsidiaries. No Subsidiary shall --------------------------------- issue or sell any shares of its capital stock or other evidence of beneficial ownership to any Person other than the Company or any Wholly Owned Subsidiary of the Company, which shares shall have been pledged to the Collateral Agent as part of the Credit SecurityCollateral.
Appears in 1 contract
