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

Limitation on Issuances and Sales of Preferred Stock of Restricted Subsidiaries. The Company (a) shall not permit any Restricted Subsidiary to issue or sell any Preferred Stock to any Person other than to the Company or one of its Wholly Owned Restricted Subsidiaries and (b) shall not permit any Person other than the Company or one of its Wholly Owned Restricted Subsidiaries to own any Preferred Stock of any other Restricted Subsidiary.

Limitation on Issuances and Sales of Preferred Stock of Restricted Subsidiaries. The Company (ai) shall will not permit any Restricted Subsidiary to issue or sell any Preferred Stock to any Person (other than to the Company or one of its Wholly Owned a Restricted Subsidiaries Subsidiary) and (bii) shall will not permit any Person person (other than the Company or one of its Wholly Owned a Restricted Subsidiaries Subsidiary) to own any Preferred Stock of any other Restricted Subsidiary.