Common use of Limitation on Issuances and Sales of Capital Stock of Subsidiaries Clause in Contracts

Limitation on Issuances and Sales of Capital Stock of Subsidiaries. The Company will not permit or cause any of its Restricted Subsidiaries to issue or sell any Capital Stock (other than to the Company or a Wholly Owned Subsidiary of the Company and other than directors’ qualifying shares) or permit any Person (other than the Company or a Wholly Owned Subsidiary of the Company and other than directors’ qualifying shares) to own or hold any Capital Stock of any Restricted Subsidiary of the Company or any Lien or security interest therein; provided, however, that this Section 4.20 shall not prohibit the sale of all of the Capital Stock of a Restricted Subsidiary in compliance with the provisions of Section 4.16.

Limitation on Issuances and Sales of Capital Stock of Subsidiaries. The Company will not permit or cause any of its Restricted Subsidiaries to issue or sell any Capital Stock (other than director's qualifying shares and other than to the Company or to a Wholly Owned Subsidiary of the Company and other than directors’ qualifying sharesCompany) or permit any Person (other than the Company or a Wholly Owned Subsidiary of the Company and other than directors’ qualifying sharesCompany) to own or hold any Capital Stock of any Restricted Subsidiary of the Company or any Lien or security interest thereintherein (other than the lenders under the Credit Agreement); provided, however, that this Section 4.20 provision shall not prohibit the sale of all of the Capital Stock of a Restricted Subsidiary in compliance with the provisions of Section 4.16.

Limitation on Issuances and Sales of Capital Stock of Subsidiaries. The Company will not permit or cause any of its Restricted Subsidiaries to issue or sell any Capital Stock (other than to the Company or to a Wholly Wholly-Owned Restricted Subsidiary of the Company and other than directors’ qualifying sharesCompany) or permit any Person (other than the Company or a Wholly Wholly-Owned Restricted Subsidiary of the Company and other than directors’ qualifying sharesCompany) to own or hold any Capital Stock of any Restricted Subsidiary of the Company or any Lien or security interest therein, other than (i) as required by applicable law or (ii) issuances of director's qualifying shares; provided, however, that this Section 4.20 provision shall not prohibit the sale of all of the Capital Stock of a Restricted Subsidiary in compliance with the provisions of Section 4.16.