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

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall not permit any Restricted Subsidiary to issue any Preferred Stock (except Preferred Stock to the Company or a Restricted Subsidiary) or permit any Person (other than the Company or a Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 4 contracts

Samples: TWP Capital Corp Ii, Target Directories of Michigan Inc, TWP Capital Corp Ii

AutoNDA by SimpleDocs

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Company will not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock issued to the Company or a Restricted SubsidiarySubsidiary of the Company) or permit any Person (other than the Company or a SubsidiaryRestricted Subsidiary of the Company) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of Section 4.06 hereof (other than Permitted Indebtedness) in an the aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 4 contracts

Samples: Supplemental Indenture (Muzak Holdings Finance Corp), Supplemental Indenture (Muzak Finance Corp), Supplemental Indenture (Muzak Finance Corp)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers Company shall not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock issued to the Company or a Restricted SubsidiarySubsidiary of the Company) or permit any Person (other than the Company or a SubsidiaryRestricted Subsidiary of the Company) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under (other than Permitted Indebtedness) in compliance with Section 4.10(a) in the first paragraph of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 2 contracts

Samples: Affinity Group Holding, Inc., Affinity Group Inc

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers Company shall not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock issued to the Company or a Restricted SubsidiaryWholly Owned Subsidiary of the Company) or permit any Person (other than the Company or a SubsidiaryWholly Owned Subsidiary of the Company) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under Section 4.10 (other than Permitted Indebtedness) in the first paragraph of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value as of the date of issuance thereof of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Indenture (Transportation Technologies Industries Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Company will not permit any Restricted Subsidiary of the Company to issue any Preferred Stock (except Preferred Stock to the Company or a Restricted Subsidiary) or permit any Person (other than the Company or a Restricted Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under Section 4.03 in the first paragraph of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Indenture (Spanish Broadcasting System Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers Company shall not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock issued to the Company or a Restricted SubsidiarySubsidiary of the Company) or permit any Person (other than the Company or a SubsidiaryRestricted Subsidiary of the Company) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of Section 4.06 hereof 4.10 (other than Permitted Indebtedness) in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Mariner Health Care Inc

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Company will not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock other than to the Company or a Wholly-Owned Subsidiary), other than Permitted Foreign Restricted Subsidiary) Subsidiary Preferred Stock, or permit any Person (other than the Company or a Wholly-Owned Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under Section 4.3 in the first paragraph of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issuedissued or so held.

Appears in 1 contract

Samples: Morris Material Handling Inc

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Company will not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock other than to the Company or to a Restricted Subsidiary) or permit any Person (other than the Company or a Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of Section 4.06 hereof above in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Fairfield Manufacturing Co Inc

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Company will not permit any Restricted Subsidiary to issue any Preferred Stock (except Preferred Stock to the Company or a Restricted Subsidiary) or permit any Person (other than the Company or a Restricted Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of covenant described under Section 4.06 hereof in an the aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Indenture (Carpenter W R North America Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Company will not permit any of its Restricted Subsidiary Subsidiaries that are not Guarantors to issue any Preferred Stock (except Preferred Stock issued to the Company or a Wholly Owned Restricted SubsidiarySubsidiary of the Company) or permit any Person (other than the Company or a SubsidiaryWholly Owned Restricted Subsidiary of the Company) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under Section 4.10 (other than Permitted Indebtedness) in the first paragraph of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value as of the date of issuance thereof of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Supplemental Indenture (Ifco Systems Nv)

AutoNDA by SimpleDocs

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Issuer will not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock issued to the Company Issuer or a Restricted SubsidiaryWholly Owned Subsidiary of the Issuer) or permit any Person (other than the Company Issuer or a SubsidiaryWholly Owned Subsidiary of the Issuer) to hold any such Preferred Stock unless the Company Issuer or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of in compliance with Section 4.06 hereof in an aggregate principal amount at maturity equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Oro Spanish Broadcasting Inc

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers Company shall not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock issued to the Company or a Restricted SubsidiaryWholly-Owned Subsidiary of the -56- Company) or permit any Person (other than the Company or a SubsidiaryWholly-Owned Subsidiary of the Company) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of Section 4.06 hereof (other than Permitted Indebtedness) in an the aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Indenture (Sandhills Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers Company shall not permit any Restricted Subsidiary to issue any Preferred Stock (except Preferred Stock to the Company or a Restricted Subsidiary) or or, other than with respect to an acquired Guarantor, permit any Person (other than the Company or a Restricted Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph (i) of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Indenture (United Industries Corp)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers shall Company will not permit any of its Restricted Subsidiary Subsidiaries to issue any Preferred Stock (except Preferred Stock other than to the Company or a Wholly-Owned Subsidiary), other than Permitted Foreign Restricted Subsidiary) Subsidiary Preferred Stock, or permit any Person (other than the Company or a Wholly-Owned Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under described in Section 4.3 in the first paragraph of Section 4.06 hereof in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issuedissued or so held.

Appears in 1 contract

Samples: Indenture (MMH Holdings Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuers Company shall not permit any Restricted Subsidiary that is not a Guarantor to issue any Preferred Stock (except Preferred Stock issued to the Company or a Restricted Subsidiary) or permit any Person (other than the Company or a Subsidiary) to hold any such Preferred Stock unless the Company or such Restricted Subsidiary would be entitled to incur or assume Indebtedness under the first paragraph of Section 4.06 hereof 4.10 (other than Permitted Indebtedness) in an aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Brickman Group LTD

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