Common use of Limitation on Issuances and Sales Clause in Contracts

Limitation on Issuances and Sales. OF CAPITAL STOCK OF WHOLLY OWNED 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 Capital Stock of any Restricted Subsidiary of the Company to any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company), unless (a) such transfer, conveyance, sale, lease or other disposition is of all the Capital Stock of 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 Guarantor.

Limitation on Issuances and Sales. OF CAPITAL STOCK OF WHOLLY OWNED RESTRICTED SUBSIDIARIESof Equity Interests in -------------------------------------------------------- Restricted Subsidiaries. ----------------------- (a) The Company (i) shall not, and shall not permit any of its Restricted Subsidiary of the Company Subsidiaries to, transfer, convey, sell, lease or otherwise dispose of any Capital Stock of Equity Interests in any Restricted Subsidiary of the Company to any Person (Person, other than the Company or a Wholly Owned Restricted Subsidiary of the Company)Subsidiary, unless unless: (ai) such transfer, conveyance, sale, lease or other disposition is of all the Capital Stock of Equity Interests in such Restricted Subsidiary and Subsidiary; and (bii) the cash Net Proceeds from such transfer, conveyance, sale, lease or other disposition are applied in accordance with Section 4.10 hereof and 4.10. (iib) shall In addition, the Company will not permit any Restricted Subsidiary of the Company to issue any of its Equity Interests (Interests, other than, if necessary, shares of its Capital Stock constituting directors' qualifying shares) , to any Person other than to the Company or a GuarantorRestricted Subsidiary.