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 Acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Wheels Sports Group 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 Acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Wells Aluminum Corp)

Issuance of Subsidiary Stock. The Borrower will not, and will shall not permit any of its Subsidiaries, directly or indirectly, Subsidiary to issue, sell, assignotherwise dispose or permit to remain outstanding, pledge voluntarily or otherwise encumber or dispose of involuntarily, any shares of such Subsidiary's capital stock, or any Subsidiaries' capital stock or other securities or equity interests (or options, warrants, rights or options to acquire capital stock or convertible securities or other equity securities) of such Subsidiarycalls, other than pursuant to the Security Documents and as contemplated by the Acquisitions.subscriptions, conversion rights, exchange rights, preemptive

Appears in 1 contract

Samples: Credit and Loan Agreement (Transmation Inc)

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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 Acquisitions.

Appears in 1 contract

Samples: Revolving Credit Agreement (Urohealth Systems Inc)

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