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 Borrower will not, and will not permit any of its Subsidiaries to, transfer, convey, sell, lease or otherwise dispose of any Equity Interests in any Wholly Owned Subsidiary of the Borrower to any Person (other than the Borrower or a Wholly Owned Subsidiary of the Borrower), unless: (i) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in such Wholly Owned Subsidiary; and (ii) the Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 7.6. In addition, the Borrower will not permit any Wholly Owned Subsidiary of the Borrower 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 Borrower or a Wholly Owned Subsidiary of the Borrower.

Limitation on Issuances and Sales of Capital Stock of Wholly Owned Subsidiaries. The Borrower will Company (i) shall not, and will shall not permit any Wholly-Owned Restricted Subsidiary of its 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 Borrower Company to any Person (other than the Borrower Company or a Wholly Wholly-Owned Restricted Subsidiary of the BorrowerCompany that is a Guarantor), unless: unless (ia) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in Capital Stock of such Wholly Wholly-Owned Subsidiary; and Restricted Subsidiary and (iib) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 7.6. In addition4.10 hereof, the Borrower will and (ii) shall not permit any Wholly Wholly-Owned Restricted Subsidiary of the Borrower 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 Borrower Company or a Wholly Wholly-Owned Restricted Subsidiary of the BorrowerCompany.

Limitation on Issuances and Sales of Capital Stock of Wholly Owned Subsidiaries. The Borrower will Company (i) shall not, and will shall not permit any Wholly-Owned Restricted Subsidiary of its 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 Borrower Company to any Person (other than the Borrower Company or a Wholly Wholly-Owned Restricted Subsidiary of the BorrowerCompany that is a Guarantor), unless: unless (ia) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in Capital Stock of such Wholly Wholly-Owned Subsidiary; and Restricted Subsidiary and (iib) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 7.6. In addition4.10 hereof, the Borrower will and (ii) shall not permit any Wholly Wholly-Owned Restricted Subsidiary of the Borrower 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 Borrower Company or a Wholly Wholly-Owned Restricted Subsidiary of the BorrowerCompany.

Limitation on Issuances and Sales of Capital Stock of Wholly Owned Subsidiaries. The Borrower will Company shall not, and will 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 Borrower Company to any Person (other than the Borrower Company or a Wholly Owned Restricted Subsidiary of the BorrowerCompany), unless: unless (i) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in such Wholly Owned Subsidiary; and Restricted Subsidiary and (ii) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 7.64.10 hereof. In addition, the Borrower Company will not permit any Wholly Owned Restricted Subsidiary of the Borrower 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 Borrower Company or a Wholly Owned Restricted Subsidiary of the BorrowerCompany.