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: Indenture (Petersen Holdings LLC), Indenture (Target Directories of Michigan Inc), Indenture (TWP Capital Corp Ii)

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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: Indenture (Muzak Finance Corp), Indenture (Muzak Finance Corp), Indenture (Business Sound 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 to 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 in compliance with 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: Indenture (Samsonite Corp/Fl), Indenture (Samsonite Corp/Fl), Indenture (Samsonite Holdings 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 issued 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 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 (High Voltage Engineering Corp)

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 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: Indenture (Fairfield Manufacturing Co Inc)

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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 Restricted Subsidiary that is not a Subsidiary Guarantor 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 Restricted Subsidiary) to hold own any such Preferred Stock unless the Company or such of any 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 issuedthat is not a Subsidiary Guarantor.

Appears in 1 contract

Samples: Indenture (Nm Licensing LLC)

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 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 the aggregate principal amount equal to the aggregate liquidation value of the Preferred Stock to be issued.

Appears in 1 contract

Samples: Indenture (Glasstech Inc)

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