Common use of Limitation on Issuance of Equity Interests Clause in Contracts

Limitation on Issuance of Equity Interests. The Borrower will not, and will not permit any of the Restricted Subsidiaries to, issue (i) any Preferred Equity (other than (x) in the case of the Borrower, Preferred Equity that constitutes Qualified Equity Interests and (y) in the case of any such Restricted Subsidiary, Preferred Equity issued to the Borrower or a Subsidiary Guarantor) or (ii) any redeemable common stock or other redeemable common Equity Interests other than (x) in the case of the Borrower, common Qualified Equity Interests and (y) in the case of any such Restricted Subsidiary, common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of such Restricted Subsidiary.

Limitation on Issuance of Equity Interests. The Borrower will not, and the Borrower will not permit any of the Restricted Subsidiaries to, directly or indirectly, issue (i) any Preferred Equity (other than (x) in the case of the Borrower, Preferred Equity that constitutes Qualified Equity Interests and (y) in the case of any such Restricted Subsidiary, Preferred Equity issued to the Borrower or a Subsidiary Guarantor) or (ii) any redeemable common stock or other redeemable common Equity Interests other than (x) in the case of the Borrower, common Qualified Equity Interests and (y) in the case of any such Restricted Subsidiary, common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of such Restricted Subsidiary.

Limitation on Issuance of Equity Interests. The Borrower Credit Parties will not, and will not permit any of the Restricted Subsidiaries to, issue (i) any Preferred Equity (other than (xA) in the case of the BorrowerParent, Preferred Equity that constitutes Qualified Equity Interests and (yB) in the case of any such Restricted Subsidiary, Preferred Equity issued to the Borrower or a any Subsidiary Guarantor) of the Borrower, the issuance of Preferred Equity to Parent or any Wholly Owned Subsidiary of the Borrower or (ii) any redeemable common stock or other redeemable common Equity Interests of the Borrower or any Subsidiary of the Borrower other than (x) in the case of Borrower and any Wholly Owned Subsidiary of the Borrower, common Qualified Equity Interests and (y) in the case of any such Restricted Subsidiary, common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of the Borrower or such Restricted Subsidiary, as applicable.

Limitation on Issuance of Equity Interests. The Borrower will not, and will not permit any of the Restricted Subsidiaries to, issue (i) any Preferred Equity (other than (x) in the case of the Borrower or any Subsidiary of the Borrower, the issuance of Preferred Equity that constitutes Qualified Equity Interests and (y) in the case to any Wholly Owned Subsidiary of any such Restricted Subsidiary, Preferred Equity issued to the Borrower or a Subsidiary Guarantor) or (ii) any redeemable common stock or other redeemable common Equity Interests of the Borrower or any Subsidiary of the Borrower other than (x) in the case of Borrower and any Wholly Owned Subsidiary of the Borrower, common Qualified Equity Interests and (y) in the case of any such Restricted Subsidiary, common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of the Borrower or such Restricted Subsidiary, as applicable.