Issuance of Subsidiary Stock. No Borrower shall, nor shall permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock of any Subsidiary of Company, except (i) to Company, (ii) to another Wholly-Owned Subsidiary of Company that is not an Unrestricted Subsidiary, (iii) to qualify directors if required by applicable law or similar de minimus issuances of Capital Stock to comply with Foreign Requirements of Law, or (iv) pursuant to employee stock ownership or employee benefit plans in effect on the date hereof; provided, that, in the case of issuances of preferred stock by a Subsidiary of Company, any subsequent issuance or transfer of Capital Stock that results in any such preferred stock being held by a Person other than Company or a Wholly-Owned Subsidiary of Company shall be deemed to constitute an issuance of Capital Stock that was not permitted by this Section 8.6. Notwithstanding the foregoing, Company or is Subsidiaries shall be permitted to sell 100% of the outstanding Capital Stock of any Subsidiary, but not less than 100% of such Capital Stock, subject to Section 8.4.
Issuance of Subsidiary Stock. The Borrower will not permit any ---------------------------- of its Subsidiaries directly or indirectly to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of its capital stock or other equity securities (or warrants, rights or options to acquire shares or other equity securities) of such Subsidiary to any Person other than the Borrower or another wholly-owned Subsidiary, except (i) to the extent permitted by Sections 8.1(c) and 8.5 and (ii) for the issuance of directors' qualifying shares to the extent required by applicable law.
Issuance of Subsidiary Stock. The Borrower will not and will not permit any of its Subsidiaries directly or indirectly to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of such Subsidiaries' capital stock or other equity securities (or warrants, rights or options to acquire capital stock or convertible securities or other equity securities) of such Subsidiary, except to the Borrower or any other Wholly Owned Subsidiary of the Borrower (in each case other than directors' or nominees' qualifying shares or shares of capital stock required to be owned by foreign nationals under applicable law); provided, however, that nothing contained in this Section 7.12 shall prohibit the issuance of capital stock of Xxxxxx Holdings Limited in accordance with the terms of the Xxxxxx Holdings Limited Share Incentive Trust, as in effect on the date hereof.
Issuance of Subsidiary Stock. The Borrower will not, and will not permit any of its Subsidiaries, directly or indirectly, to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of any Subsidiaries' capital stock or other securities or equity interests (or warrants, rights or options to acquire capital stock or convertible securities or other equity securities) of such Subsidiary, other than pursuant to the Security Documents and as contemplated by the Acquisitions.
Issuance of Subsidiary Stock. The Company will not, and will not permit any of its Subsidiaries, directly or indirectly, to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of any Subsidiaries' capital stock or other securities or equity interests (or warrants, rights or options to acquire capital stock or convertible securities or other equity securities) of such Subsidiary, other than (i) pursuant to the Security Documents, (ii) as contemplated by the Transaction, (iii) transfers of assets to the Company or to Subsidiary Guarantors permitted by this Agreement (including as an Intercompany Advance), (iv) the issuance of directors' qualifying shares, (v) sales of 100% of the capital stock of the Company's Subsidiaries in accordance with Section 7.17 and (vi) sales of capital stock to the Company or to one of its Subsidiaries to the extent permitted by Section 7.06.
Issuance of Subsidiary Stock. PXI will not permit any of its Subsidiaries to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of its capital stock or other equity securities (or warrants, rights or options to acquire shares or other equity securities) except as part of the Hialeah & Dadeland Transfer and except to the extent permitted by Sections 8.01(c) and 8.05 (to the extent such securities are pledged in favor of the Collateral Agent), to PXI, the Borrower, Xtra or any Subsidiary Guarantor.
Issuance of Subsidiary Stock. The Borrower will not, and will not permit any of its Subsidiaries, directly or indirectly, to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of any Subsidiaries' capital stock or other securities or equity interests (or warrants, rights or options to acquire capital stock or convertible securities or other equity securities) of such Subsidiary, other than pursuant to the Security Documents and as contemplated by the Transaction.
Issuance of Subsidiary Stock. 90 8.15 Limitation on Restrictions Affecting Subsidiaries............ 91 8.16 Amendments, etc. to Certain Material Agreements.............. 91 8.17 Payment on Supplemental Term Loans........................... 92 8.18 Impact of Supplemental Additional Interest on Financial Covenants................................ 92
Issuance of Subsidiary Stock. 113 8.14 Limitation on Restrictions Affecting Subsidiaries........113 8.15 Additional Negative Pledges..............................114 8.16
Issuance of Subsidiary Stock. Effective as of the Merger Date, Section 4.18 of the Original Indenture shall be deleted and replaced in its entirety, without further action, by the following:
