Limitation on Issuance of Equity Interests. (a) The Parent 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 9 contracts
Samples: Credit Agreement, Global Assignment Agreement (Gener8 Maritime, Inc.), Global Assignment Agreement (Gener8 Maritime, Inc.)
Limitation on Issuance of Equity Interests. (a) The Parent will not issue, and will not permit any Subsidiary (other than a Non-Recourse Subsidiary) to issue, any preferred stock (or equivalent equity interests) other than Qualified Preferred Stock.
Appears in 2 contracts
Samples: Credit Agreement (General Maritime Corp / MI), Credit Agreement (General Maritime Corp / MI)
Limitation on Issuance of Equity Interests. (a) The Parent Parent, Arlington and Borrower will not issue, and will not permit any Subsidiary of their Subsidiaries (other than a Non-Recourse Subsidiary), to issue, issue any preferred stock (or equivalent equity interestsEquity Interests) other than Qualified Preferred Stock.
Appears in 1 contract
