Common use of Limitation on Issuance of Stock Clause in Contracts

Limitation on Issuance of Stock. Issue or sell or enter into any agreement or arrangement for the issuance and sale of any of its Stock, except that (a) Parent may issue or sell its common stock or Permitted Preferred Stock and (b) any Subsidiary of Parent may issue common Stock or Preferred Stock so long as such common Stock or Preferred Stock is issued to, and remains held by, a Loan Party.

Limitation on Issuance of Stock. Issue or sell or enter into any agreement or arrangement for the issuance and sale of any of its Stock, except that (a) Parent Borrower may issue or sell its common stock or Permitted Preferred Stock and (b) any Subsidiary of Parent Borrower may issue common Stock or Preferred Stock so long as such common Stock or Preferred Stock (other than any minority interests of any Foreign Subsidiary of Borrower as required by law) is issued to, and remains held by, a Loan Party.