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

Limitation on Issuance of Equity Interests. The Borrower shall not permit any Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests issued to another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution Agreement. The Borrower and the Subsidiaries shall comply with Section 8.12, Section 8.14 and, if applicable, Section 9.10(a) with respect to any such issued Equity Interests.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Southcross Energy Partners, L.P.), Term Loan Credit Agreement, Term Loan Credit Agreement (Southcross Energy Partners, L.P.)

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Limitation on Issuance of Equity Interests. The Borrower shall not permit any Restricted Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests Interest issued to another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution AgreementParty. The Borrower and the Restricted Subsidiaries shall comply with Section 8.12, 8.11 and Section 8.14 and, if applicable, Section 9.10(a) with respect to any such issued Equity Interests.

Appears in 3 contracts

Samples: Credit Agreement (Eagle Rock Energy Partners L P), Credit Agreement (Eagle Rock Energy Partners L P), Credit Agreement (Eagle Rock Energy Partners L P)

Limitation on Issuance of Equity Interests. The Borrower shall not permit any Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests issued to another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution Agreement). The Borrower and the Subsidiaries shall comply with Section 8.12, Section 8.14 and, if applicable, Section 9.10(a) with respect to any such issued Equity Interests.

Appears in 3 contracts

Samples: Credit Agreement (Southcross Energy Partners, L.P.), Credit Agreement (Southcross Energy Partners, L.P.), Credit Agreement (Southcross Energy Partners, L.P.)

Limitation on Issuance of Equity Interests. The Each Borrower shall not permit any Restricted Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests Interest issued to another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution Agreementan Obligor. The Borrower Borrowers and the Subsidiaries shall comply with Section 8.12, Section 8.14 and, if applicable, Section 9.10(a) 10.1.13 with respect to any such issued Equity Interests.

Appears in 2 contracts

Samples: Loan and Security Agreement (Par Pacific Holdings, Inc.), Loan and Security Agreement (Par Pacific Holdings, Inc.)

Limitation on Issuance of Equity Interests. The Borrower shall not permit any Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests Interest issued to another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution AgreementWholly-Owned Subsidiary. The Borrower and the Subsidiaries shall comply with Section 8.12, 8.12 and Section 8.14 and, if applicable, Section 9.10(a) 8.13 with respect to any such issued Equity Interests.

Appears in 1 contract

Samples: Credit Agreement (Key Energy Services Inc)

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Limitation on Issuance of Equity Interests. The Borrower shall not permit any Restricted Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests Interest issued to an Obligor or another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution AgreementRestricted Subsidiary. The Borrower and the its Subsidiaries shall comply with Section 8.12, Section 8.14 and, if applicable, Section 9.10(a) 10.1.13 with respect to any such issued Equity Interests.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Key Energy Services Inc)

Limitation on Issuance of Equity Interests. The Borrower shall not permit any Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests Interest issued to another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution AgreementWholly-Owned Subsidiary. The Borrower and the Subsidiaries shall comply with Section 8.12, 8.12 and Section 8.14 and, if applicable, Section 9.10(a) with respect to any such issued Equity Interests.

Appears in 1 contract

Samples: Credit Agreement (Westway Group, Inc.)

Limitation on Issuance of Equity Interests. The Each Borrower shall not permit any Restricted Subsidiary to issue any Equity Interest (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, any Equity Interest, except for Equity Interests Interest issued to an Obligor or another Loan Party or to another Person in accordance with a merger or other transaction permitted by Section 9.10(a) and to the extent required pursuant to the Contribution AgreementRestricted Subsidiary. The Borrower Borrowers and the Subsidiaries shall comply with Section 8.12, Section 8.14 and, if applicable, Section 9.10(a) 10.1.13 with respect to any such issued Equity Interests.

Appears in 1 contract

Samples: Loan and Security Agreement (Key Energy Services Inc)

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