Common use of Limitation on Issuance of Equity Clause in Contracts

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.

Appears in 2 contracts

Samples: Credit Agreement (Natural Gas Services Group Inc), Credit Agreement (Natural Gas Services Group Inc)

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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 (x) to any Loan Party or another SubsidiarySubsidiary or (y) the issuance of any Equity Interests in the Company (other than Disqualified Equity Interests) to the Parent.

Appears in 1 contract

Samples: Credit Agreement (FlexEnergy Green Solutions, Inc.)

Limitation on Issuance of Equity. Each No Loan Party (except with respect to clause (d) belowshall, other than Holdings) nor shall not, and shall not it 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 (i) to any Loan Party or another Subsidiaryand (ii) issuances by Borrower of Equity Interests (other than Disqualified Equity Interests) to Parent Guarantor.

Appears in 1 contract

Samples: Credit Agreement (Pfsweb Inc)

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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.

Appears in 1 contract

Samples: Credit Agreement (FlexEnergy Green Solutions, Inc.)

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