Common use of Issuance of Subsidiary Stock Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Styling Technology Corp), Credit Agreement (Styling Technology Corp)

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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 TransactionAcquisitions.

Appears in 1 contract

Samples: Credit Agreement (Wheels Sports Group Inc)

Issuance of Subsidiary Stock. The Borrower will not, and will not permit any of its Subsidiaries, Subsidiaries directly or indirectly, indirectly to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of any Subsidiaries' its capital stock or other securities or equity interests (or warrants, rights or options to acquire capital stock or convertible securities shares or other equity securities) of such Subsidiary, other than pursuant except, to the Security Documents and as contemplated extent permitted by Section 8.5, to the TransactionBorrower or Subsidiary Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Grand Union Co /De/)

Issuance of Subsidiary Stock. The Borrower will not, not and will not permit any of its Subsidiaries, Subsidiaries directly or indirectly, indirectly to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of any Subsidiaries' its 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.

Appears in 1 contract

Samples: Revolving Credit Agreement (Urohealth Systems Inc)

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Issuance of Subsidiary Stock. The Borrower will not, and will not permit any of its SubsidiariesSubsidiaries to, 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 any such Subsidiary, other than pursuant to the Security Documents and as contemplated by the Transaction.

Appears in 1 contract

Samples: Credit Agreement (Wells Aluminum Corp)

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