Limitation on Issuance of Capital Stock. (a) The Borrower will not issue, and will not permit any Subsidiary to issue, any preferred stock (or equivalent equity interests) other than Qualified Preferred Stock.
Appears in 4 contracts
Samples: Credit Agreement (General Maritime Corp/), Credit Agreement (General Maritime Corp/), Credit Agreement (Todco)
Limitation on Issuance of Capital Stock. (a) The Borrower will not issue, and will not permit any Subsidiary to issue, issue any preferred stock (or equivalent equity interests) other than Qualified Preferred Stock).
Appears in 4 contracts
Samples: Credit Agreement (Baltic Trading LTD), Credit Agreement (Baltic Trading LTD), Pledge and Security Agreement (Genco Shipping & Trading LTD)
Limitation on Issuance of Capital Stock. (a) The Borrower will not issue, and will not permit any Subsidiary to issue, any preferred stock (or equivalent equity interests) other than Qualified Preferred Stock).
Appears in 2 contracts
Samples: Credit Agreement (Genco Shipping & Trading LTD), Credit Agreement (Genco Shipping & Trading LTD)
