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

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

Appears in 2 contracts

Samples: Indenture (Manitowoc Co Inc), Indenture (Manitowoc Foodservice, Inc.)

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

Appears in 2 contracts

Samples: Indenture (Manitowoc Co Inc), Indenture (Manitowoc Co Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuer shall not permit any of its Restricted Subsidiaries that are not Guarantors to issue any Preferred Stock (other than to the Issuer or to a Wholly Owned Restricted Subsidiary of the Issuer) or permit any Person (other than the Issuer or a Wholly Owned Restricted Subsidiary of the Issuer) to own any Preferred Stock of any Restricted Subsidiary of the Issuer that is not a GuarantorIssuer.

Appears in 1 contract

Samples: Intercreditor Agreement (Manitowoc Co Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Issuer shall Issuers will not permit any of its their Restricted Subsidiaries that are not Guarantors to issue any Preferred Stock (other than to the Issuer Issuers or to a Wholly Owned Restricted Subsidiary of the IssuerIssuers) or permit any Person (other than the Issuer Issuers or a Wholly Owned Restricted Subsidiary of the IssuerIssuers) to own any Preferred Stock of any Restricted Subsidiary of the Issuer that is not a GuarantorIssuers.

Appears in 1 contract

Samples: Superior Essex Inc

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

Appears in 1 contract

Samples: Pledge Agreement (Decora Industries Inc)

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