Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company shall not transfer, convey, sell, lease or otherwise dispose of, and shall not permit any of its Restricted Subsidiaries to, issue, transfer, convey, sell, lease or otherwise dispose of any Equity Interests (other than issuances of AMC Preferred Stock or any Preferred Stock (other than Disqualified Stock)) issued in exchange therefor or issued to redeem, repurchase, retire, convert, exchange or otherwise acquire such AMC Preferred Stock pursuant to Section 4.07(b)(iv), and any subsequent issuance of Equity Interests (other than Disqualified Stock) on any of the foregoing as a dividend) in any Restricted Subsidiary of the Company to any Person (other than the Company or a Restricted Subsidiary of the Company or shares of its Capital Stock constituting directors' qualifying shares or issuances of shares of Capital Stock of foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(i) if, immediately after giving effect to such issuance, transfer, conveyance, sale, lease or other disposition, such Restricted Subsidiary would no longer constitute a Restricted Subsidiary and any Investment in such Person remaining after giving effect to such issuance or sale would have been permitted to be made under Section 4.07 if made on the date of such issuance or sale and the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10; or
(ii) sales of Equity Interests of a Restricted Subsidiary of the Company by the Company or a Restricted Subsidiary of the Company; provided that the Company or such Restricted Subsidiary complies with Section 4.10.
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company shall not transfer, convey, sell, lease or otherwise dispose of, and shall not permit any of its Restricted Subsidiaries to issue, transfer, convey, sell, lease or otherwise dispose of, any Equity Interests in any Restricted Subsidiary to any Person (other than the Company or a Restricted Subsidiary or shares of its Capital Stock constituting directors’ qualifying shares or issuances of shares of Capital Stock of Foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(a) if, immediately after giving effect to such issuance, transfer, conveyance, sale, lease or other disposition, such Restricted Subsidiary would no longer constitute a Restricted Subsidiary and any Investment in such Person remaining after giving effect to such issuance or sale would have been permitted to be made under Section 1009 if made on the date of such issuance or sale; or
(b) sales of Equity Interests of a Restricted Subsidiary by the Company or a Restricted Subsidiary; provided that the Company or such Restricted Subsidiary complies with Section 1014.
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. All of the Partnership’s Restricted Subsidiaries shall be wholly owned by the Partnership, by one or more of its Restricted Subsidiaries or by the Partnership and one or more of its Restricted Subsidiaries. The Partnership shall not, and will not permit any of its Restricted Subsidiaries to, transfer, convey, sell, lease or otherwise dispose of any Equity Interests in any Restricted Subsidiary of the Partnership to any Person (other than the Partnership or a Restricted Subsidiary of the Partnership), unless:
(1) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in such Restricted Subsidiary; or
(2) 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 Partnership shall not permit any of its Restricted Subsidiaries to issue any of its Equity Interests to any Person other than to the Partnership or any one or more of its Restricted Subsidiaries.
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. (a) Borrower 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 Restricted Subsidiary to any Person (other than Borrower or a Wholly Owned Restricted Subsidiary of Borrower), unless:
(i) such transfer, conveyance, sale, lease or other Disposition is of all the Equity Interests in such Restricted Subsidiary owned by Borrower and its Restricted Subsidiaries; and
(ii) the cash Net Proceeds from such transfer, conveyance, sale, lease or other Disposition are applied in accordance with Section 3.2(c).
(b) Borrower shall not permit any Restricted Subsidiary 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 Borrower or a Wholly Owned Restricted Subsidiary of Borrower.
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company (i) shall not, and shall not permit any Restricted Subsidiary of the Company to, transfer, convey, sell, lease or otherwise dispose of any Equity Interests in any Restricted Subsidiary of the Company to any Person (other than the Company or a Restricted Subsidiary of the Company), unless (a) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in such Restricted Subsidiary and (b) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10 hereof and (ii) shall not permit any 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 Restricted Subsidiary of the Company.
Limitation on Issuances and Sales of Equity Interests in Restricted 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 Restricted Subsidiary or to issue any of its Equity Interests (other than, if necessary, Equity Interests constituting directors' qualifying shares) to any Person except:
(1) to the Company or a Wholly Owned Subsidiary (other than a Receivables Entity); or
(2) in compliance with Section 1015 and immediately after giving effect to such issuance or sale, such Restricted Subsidiary would continue to be a Restricted Subsidiary. Notwithstanding the preceding paragraph, the Company may sell all the Equity Interests of a Restricted Subsidiary as long as the Company complies with Section 1015.
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company shall not transfer, convey, sell, assign, lease or otherwise dispose of, and shall not permit any of its Restricted Subsidiaries to, issue, transfer, convey, sell, assign, lease or otherwise dispose of any Equity Interests in any Restricted Subsidiary of the Company to any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company), except:
(1) if, immediately after giving effect to such issuance, transfer, conveyance, sale, assignment, lease or other disposition, such Restricted Subsidiary would no longer constitute a Restricted Subsidiary and any Investment in such Person remaining after giving effect to such issuance or sale would have been permitted to be made under Section 4.07, if made on the date of such issuance or sale; or
(2) sales of common stock of a Restricted Subsidiary by the Company or a Restricted Subsidiary, PROVIDED that the Company or such Restricted Subsidiary complies with Section 4.10.
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company (i) 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 Restricted Subsidiary of the Company that owns, operates or otherwise has the right to use Core XM Radio Assets to any Person and (ii) shall not permit any Restricted Subsidiary of the Company to issue any of its Equity Interests other than:
(a) to the Company or a Restricted Subsidiary of the Company;
(b) issuances of director's qualifying shares to the extent necessary to comply with applicable law;
(c) to the extent required by applicable law, issuances or transfers to nationals of the jurisdiction in which a Restricted Subsidiary is organized in an amount not to exceed 1% of the total Equity Interests of such Restricted Subsidiary;
(d) distributions of Capital Stock other than Disqualified Stock to all common shareholders of a Restricted Subsidiary on a pro rata basis; or
(e) the sale of all the Equity Interests in such Restricted Subsidiary; provided that the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10 hereof.
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company (i) 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 Restricted Subsidiary of the Company that owns, operates or otherwise has the right to use Core XM Radio Assets to any Person and (ii) shall not permit any Restricted Subsidiary of the Company to issue any of its Equity Interests other than:
(a) to the Company or a Restricted Subsidiary of the Company;
(b) issuances of director's qualifying shares to the extent necessary to comply with applicable law;
(c) to the extent required by applicable law, issuances or transfers to nationals of the jurisdiction in which a Restricted Subsidiary is organized in an amount not to exceed 1% of the total Equity Interests of such Restricted Subsidiary;
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. All of the Enterprise's Restricted Subsidiaries shall be wholly owned by the Enterprise, by one or more of its Restricted Subsidiaries or by the Enterprise and one or more of its Restricted Subsidiaries. The Enterprise 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 Restricted Subsidiary of the Enterprise to any Person (other than the Enterprise or a Restricted Subsidiary of the Enterprise), unless:
(1) such transfer, conveyance, sale, lease or other disposition is of all the Equity Interests in such Restricted Subsidiary; and
(2) 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 Enterprise shall not permit any of its Restricted Subsidiaries to issue any of its Equity Interests to any Person other than to the Enterprise or one or more of its Restricted Subsidiaries.
