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

Limitation on Issuances and Sales of Capital Stock of Wholly Owned Subsidiaries. The Company shall not, and shall not permit any of its Restricted Subsidiaries to, transfer, convey, sell, lease or otherwise dispose of any Equity Interests in any Wholly Owned Restricted Subsidiary of the Company to any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company), unless (i) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in such Wholly Owned Restricted Subsidiary and (ii) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10 hereof. In addition, the Company will not permit any Wholly Owned Restricted Subsidiary of the Company to issue any of its Equity Interests (other than, if necessary, shares of its Capital Stock constituting directors' qualifying shares) to any Person other than to the Company or a Wholly Owned Restricted Subsidiary of the Company.

Limitation on Issuances and Sales of Capital Stock of Wholly Owned Subsidiaries. The Company (i) shall not, and shall not permit any Wholly-Owned Restricted Subsidiary of its Restricted Subsidiaries the Company to, transfer, convey, sell, lease or otherwise dispose of any Equity Interests in Capital Stock of any Wholly Wholly-Owned Restricted Subsidiary of the Company to any Person (other than the Company or a Wholly Wholly-Owned Restricted Subsidiary of the CompanyCompany that is a Guarantor), unless (ia) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in Capital Stock of such Wholly Wholly-Owned Restricted Subsidiary and (iib) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10 hereof. In addition, the Company will and (ii) shall not permit any Wholly Wholly-Owned Restricted Subsidiary of the Company to issue any of its Equity Interests (other than, if necessary, shares of its Capital Stock constituting directors' ’ qualifying shares) to any Person other than to the Company or a Wholly Wholly-Owned Restricted Subsidiary of the Company.

Limitation on Issuances and Sales of Capital Stock of Wholly Owned Subsidiaries. The Company (i) shall not, and shall not permit any Wholly-Owned Restricted Subsidiary of its Restricted Subsidiaries the Company to, transfer, convey, sell, lease or otherwise dispose of any Equity Interests in Capital Stock of any Wholly Wholly-Owned Restricted Subsidiary of the Company to any Person (other than the Company or a Wholly Wholly-Owned Restricted Subsidiary of the CompanyCompany that is a Guarantor), unless (ia) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in Capital Stock of such Wholly Wholly-Owned Restricted Subsidiary and (iib) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10 hereof. In addition, the Company will and (ii) shall not permit any Wholly Wholly-Owned Restricted Subsidiary of the Company to issue any of its Equity Interests (other than, if necessary, shares of its Capital Stock constituting directors' qualifying shares) to any Person other than to the Company or a Wholly Wholly-Owned Restricted Subsidiary of the Company.

Limitation on Issuances and Sales of Capital Stock of Wholly Owned Subsidiaries. (a) The Company (i) shall not, and shall not permit any Wholly Owned Restricted Subsidiary of its Restricted Subsidiaries the Company to, transfer, convey, sell, lease or otherwise dispose of any Equity Interests in Capital Stock of any such Wholly Owned Restricted Subsidiary of the Company to any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company), unless (ia) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in Capital Stock of such Wholly Owned Restricted Subsidiary and (iib) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10 hereof. In additionhereof and, the Company will (ii) shall not permit any Wholly Owned Restricted Subsidiary of the Company to issue any of its Equity Interests (other than, if necessary, shares of its Capital Stock constituting directors' qualifying shares) to any Person other than to the Company or a Wholly Owned Restricted Subsidiary of the Company.