Common use of Issuance of Stock by Subsidiaries Clause in Contracts

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.

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.

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.

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.

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.

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.

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.