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

Limitation on Issuances and Sales of Restricted Subsidiary Stock. The Company (a) shall not permit any Restricted Subsidiary to issue any Preferred Stock (other than to the Company or a Wholly Owned Restricted Subsidiary) and (b) shall not permit any Person (other than the Company and/or one or more Wholly Owned Restricted Subsidiaries) to own any Capital Stock of any Restricted Subsidiary; provided, however, that this covenant shall not prohibit (i) the issuance and sale of all, but not less than all, of the issued and outstanding Capital Stock of any Restricted Subsidiary owned by the Company or any of its Restricted Subsidiaries in compliance with the other provisions of this Indenture, or (ii) the ownership by directors of directors' qualifying shares or the ownership by foreign nationals of Capital Stock of any Restricted Subsidiary, to the extent mandated by applicable law.

Limitation on Issuances and Sales of Restricted Subsidiary Stock. The Company (ai) shall will not permit any Restricted Subsidiary to issue any Preferred Capital Stock (other than to the Company or a Wholly Owned Restricted Subsidiary) and (bii) shall will not permit any Person (other than the Company and/or one or more Wholly Owned Restricted Subsidiaries) to own any Capital Stock of any Restricted Subsidiary; provided, however, that this covenant shall not prohibit (i1) the issuance and sale of all, but not less than all, of the issued and outstanding Capital Stock of any Restricted Subsidiary owned by the Company or any of its Restricted Subsidiaries in compliance with the other provisions of this Indenture, or (ii2) the ownership by directors of directors' qualifying shares or the ownership by foreign nationals of Capital Stock of any Restricted Subsidiary, to the extent mandated by applicable law.

Limitation on Issuances and Sales of Restricted Subsidiary Stock. The Company (ai) shall will not permit any Restricted Subsidiary to issue any Preferred Capital Stock (other than to the Company or a Wholly Owned wholly-owned Restricted Subsidiary) and (bii) shall will not permit any Person (other than the Company and/or one or more Wholly Owned a wholly-owned Restricted SubsidiariesSubsidiary) to own any Capital Stock of any Restricted Subsidiary; provided, however, that this covenant shall not prohibit (i1) the issuance and sale of all, but not less than all, of the issued and outstanding Capital Stock stock of any Restricted Subsidiary owned by the Company or any of its Restricted Subsidiaries in compliance with the other provisions of this Indenture, or (ii2) the ownership by directors of directors' director's qualifying shares or the ownership by foreign nationals of Capital Stock of any Restricted Subsidiary, to the extent mandated by applicable law.

Limitation on Issuances and Sales of Restricted Subsidiary Stock. The Company (ai) shall will not permit any Restricted Subsidiary to issue any Preferred Capital Stock (other than to the Company or a Wholly Owned Restricted Subsidiary) and (bii) shall will not permit any Person (other than the Company and/or one or more Wholly Owned Restricted Subsidiaries) to own any Capital Stock of any Restricted Subsidiary; provided, however, that this covenant Section 10.10 shall not prohibit (i1) the issuance and sale of all, but not less than all, of the issued and outstanding Capital Stock of any Restricted Subsidiary owned by the Company or any of its Restricted Subsidiaries in compliance with the other provisions of this Indenture, or (ii2) the ownership by directors of directors' qualifying shares or the ownership by foreign nationals of Capital Stock of any Restricted Subsidiary, to the extent mandated by applicable law.