Limitation on Issuance of Equity. Borrower will not, directly or indirectly, at any time issue, sell, assign, or otherwise dispose of (a) any of its equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its equity interests, or (c) any option, warrant, or other right to acquire any of its equity interests.
Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, or otherwise dispose of (a) any of its stock or other equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, or other right to acquire any of its stock or other equity interests, to the extent such transaction would result in a breach of any of the financial covenants set forth in Article 9.
Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, issue or Dispose of any of its Equity Interests other than to Borrower or another Subsidiary.
Limitation on Issuance of Equity. The Company will not, and will not permit any of its Subsidiaries to, issue (i) any class of Disqualified Stock; notwithstanding the foregoing and for the avoidance of doubt, the Company and its Subsidiaries may issue Qualified Stock and/or options and warrants for the same in an unlimited amount so long as such Qualified Stock and/or options and warrants are not Disqualified Stock.
Limitation on Issuance of Equity. Each Loan Party (except with respect to clause (d) below, other than Holdings) shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, issue, sell, assign, or otherwise Dispose of (a) any of its stock or other Equity Interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other Equity Interests, (c) any option, warrant, or other right to acquire any of its stock or other Equity Interests or (d) any Disqualified Equity Interests, in each case, other than to any Loan Party or another Subsidiary.
Limitation on Issuance of Equity. Borrower will not, and will not permit any other Credit Party to, at any time issue, sell, assign, or otherwise dispose of (a) any of its equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its equity interests, or (c) any option, warrant, or other right to acquire any of its equity interests, that would cause more than ten percent (10%) of the record or beneficial ownership of a Credit Party to be transferred, assigned or hypothecated to any Person, when compared to such ownership as of the Closing Date.
Limitation on Issuance of Equity. Each Borrower shall not, and shall not permit any of its Subsidiaries that are Guarantors to, directly or indirectly, issue, sell, assign, or otherwise Dispose of (a) any of its stock or other Equity Interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other Equity Interests, or (c) any option, warrant, or other right to acquire any of its stock or other Equity Interests, in each case, other than to a Borrower or another Subsidiary that is a Guarantor.
Limitation on Issuance of Equity. No Loan Party shall, nor shall it permit any of its Restricted Subsidiaries to, directly or indirectly, issue, sell, assign, or otherwise Dispose of (a) (i) any Equity Interests in the Borrower or DBRI, (ii) any securities exchangeable for or convertible into or carrying any rights to acquire any Equity Interests in the Borrower or DBRI, or (iii) any option, warrant, or other right to acquire any Equity Interests in the Borrower or DBRI, to the extent that any such action under this clause (a) would (A) cause or result in a Change in Control or (B) reduce the relative economic interest or voting power with respect to an entity from that pledged as Collateral to the Administrative Agent on the Closing Date (or if later, the first date on which the relevant Equity Interests are pledged to the Administrative Agent), or (b) any Disqualified Equity Interests; provided that, substantially contemporaneously with any permitted issuance or Disposition of Equity Interests by any Loan Party, the Borrower shall satisfy any mandatory prepayment obligation resulting therefrom in accordance with Section 2.8(d)(i) or (ii), as applicable.
Limitation on Issuance of Equity. Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, issue, sell, assign, or otherwise dispose of (a) any of its stock or other equity interests, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its stock or other equity interests, or (c) any option, warrant, or other right to acquire any of its stock or other equity interests ((a), (b) and (c) when other than to Borrower or another Restricted Subsidiary or as otherwise permitted pursuant to Section 8.5(g), collectively, an “Equity Issuance “), unless, in each case, such stock, other equity interests, securities, options, warrants or other rights have no characteristics or attributes of Debt and may not be required to be repurchased or redeemed by the Borrower or any of its Restricted Subsidiaries. For avoidance of doubt, this Section 8.6 permits the Borrower and its Restricted Subsidiaries to make Equity Issuances without the consent of the Administrative Agent or the Lenders so long as the stock, equity interests, securities, options or other rights which are the subject of the Equity Issuance have no characteristics or attributes of Debt and may not be required to be repurchased or redeemed by the Borrower or any of its Restricted Subsidiaries.
Limitation on Issuance of Equity. (a) Holdings will not permit any of its Subsidiaries to issue any capital stock or other equity interests (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, capital stock or other equity interests, except (i) for transfers and replacements of then outstanding shares of capital stock or other equity interests, (ii) for stock splits, stock dividends and similar issuances which do not decrease the percentage ownership of Holdings or any of its Subsidiaries in any class of the capital stock or other equity interests of such Subsidiary, except that the US Borrower's indirect ownership percentage in non-Wholly Owned Subsidiaries may decrease but not below a majority of the total economic and voting interest of such Subsidiaries, (iii) for issuances to the US Borrower or any of its Wholly-Owned Subsidiaries in connection with the creation of new Wholly-Owned Subsidiaries permitted under Section 8.15 or in connection with transactions permitted under Section 8.05, (iv) for issuances by Subsidiaries which are joint ventures created or acquired in accordance with Section 8.05(xviii), (v) to qualify directors to the extent required by applicable law, (vi) for issuances to the US Borrower or any of its Wholly-Owned Subsidiaries pursuant to transactions permitted pursuant to Section 8.02(v), (vi) or (vii), (vii) for issuances by Wholly-Owned Foreign Subsidiaries of the US Borrower to third Persons to satisfy local law requirements or (viii) for issuances by non-Wholly-Owned Subsidiaries of the US Borrower created in accordance with Section 8.15, so long as the US Borrower's direct or indirect ownership percentage in such non-Wholly-Owned Subsidiary does not fall below a majority of the total economic and voting interest of such non-Wholly-Owned Subsidiary.
