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

Limitation on Preferred Stock of Restricted Subsidiaries. The Company will not permit any of its Restricted Subsidiaries to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company.

Appears in 16 contracts

Samples: Mezzanine Indenture (Waterford Wedgwood PLC), Indenture (Kinetic Concepts Inc /Tx/), Indenture (Standard Commercial Corp)

AutoNDA by SimpleDocs

Limitation on Preferred Stock of Restricted Subsidiaries. The Company will not permit any of its Restricted Subsidiaries that are not Guarantors of the Securities to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the CompanyCompany that is not a Guarantor of the Securities.

Appears in 6 contracts

Samples: Indenture (Scientific Games Corp), Indenture (Scientific Games Corp), Note Agreement (Casual Male Retail Group Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Company will not permit any of its the Restricted Subsidiaries to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the CompanySubsidiary) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the CompanySubsidiary) to own any Preferred Stock of any Restricted Subsidiary of the CompanySubsidiary.

Appears in 2 contracts

Samples: Indenture (General Automation Inc/Il), Indenture (Simonds Industries Inc)

AutoNDA by SimpleDocs

Limitation on Preferred Stock of Restricted Subsidiaries. 63- The Company will not permit any of its Restricted Subsidiaries that are not Guarantors to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company.Company that is not a Guarantor. V.ARTICLE V.

Appears in 1 contract

Samples: Indenture (Commemorative Brands Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!