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 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 Holdings 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 Holdings or any other Wholly Owned Subsidiary of the Borrower Holdings (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); providedPROVIDED, howeverHOWEVER, that nothing contained in this Section 7.12 6.09 shall prohibit the issuance of capital stock of Xxxxxx Carson Holdings Limited in accordance with the terms of the Xxxxxx Holdings Carson Hoxxxxxx Limited Share Incentive Trust, as in effect on the date hereofdaxx xxxeof.

Issuance of Subsidiary Stock. The Borrower Holdings 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 Holdings or any other Wholly Owned Subsidiary of the Borrower Holdings (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 6.09 shall prohibit the issuance of capital stock of Xxxxxx Carson Holdings Limited in accordance accoxxxxxx with the terms of the Xxxxxx Carson Holdings Limited Share Incentive Inxxxxxxe Trust, as in effect on the date hereof.

Issuance of Subsidiary Stock. The Borrower Holdings will not and will not ---------------------------- permit any of its Subsidiaries directly or indirectly in- directly 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 Holdings or any other Wholly Owned Subsidiary of the Borrower Holdings (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.