Limitation on Capital Stock of Subsidiaries. The Issuers shall not (i) sell, pledge, hypothecate or otherwise convey or dispose of any Capital Stock of a Subsidiary (other than under the Senior Credit Facility or under the terms of any Designated Senior Indebtedness) or (ii) permit any of their Subsidiaries to issue any Capital Stock, other than to the Issuers or a Wholly-Owned Subsidiary of the Company. The foregoing restrictions shall not apply to an Asset Sale made in compliance with Section 4.10 hereof or the issuance of Preferred Stock in compliance with Section 4.07 hereof. In no event will the Company sell, pledge, hypothecate or otherwise convey or dispose of any Capital Stock of Capital or will Capital issue any Capital Stock.
Limitation on Capital Stock of Subsidiaries. The Company will not permit any of its Subsidiaries to issue any Capital Stock (other than Preferred Stock) to any Person (other than to the Company or a Wholly Owned Subsidiary) or permit any Person (other than the Company or a Wholly-Owned Subsidiary) to own any Capital Stock (other than Preferred Stock) of a Subsidiary of the Company, if in either case as a result thereof such Subsidiary would no longer be a Subsidiary of the Company; provided, however, that this Section 4.10 shall not prohibit the Company or any of its Subsidiaries from selling, leasing or otherwise disposing of all of the Capital Stock of any Subsidiary.
Limitation on Capital Stock of Subsidiaries. The Company will not permit (a) any Subsidiary of the Company to issue any Capital Stock, except for (i) Capital Stock issued to the Company or a Wholly-Owned Subsidiary and (ii) Capital Stock issued by a Person prior to the time (A) such Person becomes a Subsidiary, (B) such Person merges with or into a Subsidiary or (C) a Subsidiary merges with or into such Person; provided that such Capital Stock was not issued or incurred by such Person in anticipation of the type of transaction contemplated by subclause (A), (B) or (C), or (b) any Person (other than the Company, or a Wholly-Owned Subsidiary) to acquire Capital Stock of any Subsidiary from the Company or any Subsidiary, except, in the case of clause (a) or (b), upon the acquisition of all the outstanding Capital Stock of such Subsidiary in accordance with the terms hereof.
Limitation on Capital Stock of Subsidiaries. The Issuers will not (i) sell, pledge, hypothecate or otherwise convey or dispose of any Capital Stock of a Subsidi- ary of the Company or (ii) permit any of its direct Subsidiaries to issue any Capital Stock other than to the Issuers or a Wholly Owned Subsidiary of the Issuers. The foregoing restrictions shall not apply to either (x) an Asset Sale made in compliance with Section 4.17 or the issuance of Preferred Stock in compliance with Section 4.18 or (y) a Permitted Lien. In no event will the Company sell, pledge, hypothecate or otherwise convey or dispose of any Capital Stock of Finance or will Finance sell any Capital Stock.
Limitation on Capital Stock of Subsidiaries. The Company shall not (i) sell, pledge, hypothecate or otherwise convey or dispose of any Capital Stock of a Subsidiary (other than Liens under the Senior Credit Facility or under the terms of any Designated Senior Indebtedness and Liens not prohibited by Section 4.12) other than to the Company or another Restricted Subsidiary or (ii) permit any of its Subsidiaries to issue any Capital Stock (other than director's qualifying shares), other than (a) to the Company or a Wholly-Owned Subsidiary of the Company or (b) to any other shareholder of such Subsidiary (including to another Subsidiary) in an amount not to exceed such shareholders' proportionate share of any dividend, distribution or other issuance to all shareholders. The foregoing restrictions shall not apply to an Asset Sale made in compliance with Section 4.10 hereof or the issuance of Preferred Stock in compliance with Section 4.07 hereof.
Limitation on Capital Stock of Subsidiaries. The Company will not (i) sell, pledge, hypothecate or otherwise convey or dispose of any Capital Stock of a Subsidiary of the Company or (ii) permit any of its Subsidiaries to issue any Capital Stock, other than to the Company or a Wholly Owned Subsidiary of the Company. The foregoing restrictions shall not apply to an Asset Sale made in compliance with Sections 4.07 and 4.10 hereof.
Limitation on Capital Stock of Subsidiaries. The Company will not permit any of its Restricted Subsidiaries to issue any Capital Stock to any Person (other than to the Company or a Wholly-Owned Subsidiary of the Company) or permit any Person (other than the Company or a Wholly-Owned Subsidiary of the Company) to own any Capital Stock of a Restricted Subsidiary of the Company, if in either case as a result thereof such Restricted Subsidiary would no longer be a Restricted Subsidiary of the Company; provided, however, that this provision shall not prohibit (x) the Company or any of its Restricted Subsidiaries from selling, leasing or otherwise disposing of 100% of the Capital Stock of any Restricted Subsidiary in accordance with Section 4.10 and Section 5.01 hereof or (y) the designation of a Restricted Subsidiary as an Unrestricted Subsidiary in compliance with this Indenture.
Limitation on Capital Stock of Subsidiaries. -41- The Company will not (i) sell, pledge, hypothecate or otherwise convey or dispose of any Capital Stock of a Subsidiary (other than under the New Credit Facility or a successor facility or under the terms of any Designated Senior Indebtedness) or (ii) permit any of its Subsidiaries to issue any Capital Stock, other than to the Company or a Wholly Owned Subsidiary of the Company. The foregoing restrictions shall not apply to an Asset Sale (other than the sale of Preferred Stock of a Subsidiary) made in compliance with Section 4.09 hereof.
Limitation on Capital Stock of Subsidiaries. The Borrower shall not permit any of its Restricted Subsidiaries to issue any Capital Stock to any Person (other than to the Borrower or a Wholly-Owned Subsidiary of the Borrower) or permit any Person (other than the Borrower or a Wholly-Owned Subsidiary of the Borrower) to own any Capital Stock of a Restricted Subsidiary of the Borrower, if in either case as a result thereof such Restricted Subsidiary would no longer be a Restricted Subsidiary of the Borrower; provided, however, that this Section 6.7 shall not prohibit (x) the Borrower or any of its Restricted Subsidiaries from selling, leasing or otherwise disposing of all of the Capital Stock of any Restricted Subsidiary or (y) the designation of a Restricted Subsidiary as an Unrestricted Subsidiary in compliance with this Agreement.
Limitation on Capital Stock of Subsidiaries. The Company shall not permit (i) any Subsidiary of the Company to issue any Capital Stock (other than to the Company or any Wholly Owned Subsidiary) or (ii) any person (other than the Company or a Wholly Owned Subsidiary) to acquire any Capital Stock of any Subsidiary of the Company from the Company or any Wholly Owned Subsidiary except upon the sale of all the outstanding Capital Stock of such Subsidiary.
