Common use of Issuance of Subsidiary Stock Clause in Contracts

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 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 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) except, to the extent permitted by Sections 8.1(c) and 8.5 and (ii) for the issuance of directors' qualifying shares Section 8.5, to the extent required by applicable lawBorrower or Subsidiary Guarantor.

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 whollyWholly-owned SubsidiaryOwned Subsidiary of the Borrower, except (i) to the extent permitted by Sections 8.1(c) and 8.5 and 8.5, (ii) for the issuance of directors' qualifying shares to the extent required by applicable lawlaw and (iii) for issuances by Subsidiaries of the Borrower which are not Wholly-Owned Subsidiaries and which issuances do not decrease the Borrower's percentage ownership interest in the respective Subsidiary.