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.
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Samples: Indenture (AMC Networks Inc.), Indenture (WE TV Studios LLC)
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 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 10141018. [RESERVED].
Appears in 1 contract
Samples: Indenture (AMC Networks Inc.)
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 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.
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Samples: Indenture (Voom HD Holdings LLC)
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 to, issue, transfer, convey, sell, lease or otherwise dispose of, of any Equity Interests in any Restricted Subsidiary of the Company to any Person (other than the Company or a Restricted Subsidiary or of the Company or, if necessary, shares of its Capital Stock constituting directors’ qualifying shares or issuances of shares of Capital Stock of Foreign foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(a1) 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 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
(b2) other sales of Equity Interests Capital Stock of a Restricted Subsidiary by the Company or a Restricted Subsidiary; , provided that the Company or such Restricted Subsidiary complies with Section 10144.10.
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Samples: Indenture (Spectrum Brands, Inc.)
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 to, issue, transfer, convey, sell, lease or otherwise dispose of, of any Equity Interests in any Restricted Subsidiary of the Company to any Person (other than the Company or a Restricted Subsidiary or of the Company or, if necessary, shares of its Capital Stock constituting directors’ ' qualifying shares or issuances of shares of Capital Stock of Foreign foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(a1) 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 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
(b2) other sales of Equity Interests Capital Stock of a Restricted Subsidiary by the Company or a Restricted Subsidiary; , provided that the Company or such Restricted Subsidiary complies with Section 10144.10.
Appears in 1 contract
Samples: Indenture (Rayovac Corp)
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 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 and the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 1014; 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. Section 1018. [RESERVED].
Appears in 1 contract
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company shall not transfer, convey, sell, lease sell or otherwise dispose of, and shall not permit any of its Restricted Subsidiaries to issue, transfer, convey, sell, lease sell 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 or of the Company or, if necessary, shares of its Capital Stock constituting directors’ ' qualifying shares or issuances of shares of Capital Stock of Foreign foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(a1) 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 4.10 hereof if made on the date of such issuance or sale; orand
(b2) 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 1014.4.11 hereof. <PAGE> 43
Appears in 1 contract
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. The Company shall not transfer, convey, sell, lease or otherwise dispose ofwill not, and shall will not permit any of its Restricted Subsidiaries to issueto, transfer, convey, sell, lease sell or otherwise dispose of, of any Equity Interests Capital Stock in any Restricted Subsidiary of the Company to any Person (other than the Company or a Wholly-Owned Restricted Subsidiary or of the Company and except for such issuances of shares of its Capital Stock constituting directors’ qualifying shares or issuances to foreign nationals of shares of Capital Stock of a Foreign Restricted Subsidiaries to foreign nationalsSubsidiary, in each case to the extent required by applicable law), exceptunless:
(a1) such transfer, conveyance, sale or other disposition is of all the Equity Interests in such Restricted Subsidiary;
(2) the Net Proceeds from such transfer, conveyance, sale or other disposition are applied in accordance with Section 4.16; and
(3) if, immediately after giving effect to such issuance, transfer, conveyance, issuance or 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 pursuant to Section 1009 4.10 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.
Appears in 1 contract
Samples: Indenture (Sterling Chemicals Inc)
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. (a) The Company shall will not transfer, convey, sell, lease or otherwise dispose of, and shall will 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 Equity Interests constituting directors’ qualifying shares or issuances of shares of Capital Stock Equity Interests of Foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(a1) 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 immediately after giving effect to such issuance or sale would have been permitted to be made under Section 1009 4.07 if made on the date of such issuance or sale; or
(b2) 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 10144.10.
Appears in 1 contract
Samples: Indenture (AMC Networks Inc.)
Limitation on Issuances and Sales of Equity Interests in Restricted Subsidiaries. (a) 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 of the Company to any Person (other than the Company or a Restricted Subsidiary or of the Company or, if necessary, shares of its Capital Stock constituting directors’ ' qualifying shares or issuances of shares of Capital Stock of Foreign foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(ai) if, immediately after giving effect to any such issuance, transfer, conveyance, sale, lease or other dispositiondisposition if, immediately after giving effect thereto, 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 thereto would have been permitted to be made under Section 1009 4.07 hereof if made on the date of such issuance or sale; or
(bii) sales of Equity Interests of in a Restricted Subsidiary by the Company or a Restricted Subsidiary; , provided that the Company or such Restricted Subsidiary complies with Section 10144.10.
Appears in 1 contract
Samples: Indenture (Texas Industries Inc)
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 sell 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 or of the Company or, if necessary, shares of its Capital Stock constituting directors’ ' qualifying shares or issuances of shares of Capital Stock of Foreign foreign Restricted Subsidiaries to foreign nationals, to the extent required by applicable law), except:
(a1) 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 4.10 hereof if made on the date of such issuance or sale; orand
(b2) 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 10144.11 hereof.
Appears in 1 contract
Samples: Indenture (Armor Holdings Inc)