Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, transfer, convey, sell, lease or otherwise dispose of any Voting Stock of any Restricted Subsidiary or to issue any of the Voting Stock of a Restricted Subsidiary (other than, if necessary, shares of its Voting Stock constituting directors’ qualifying shares) to any Person except:
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, transfer, convey, sell, lease or otherwise dispose of any Voting Stock of any Restricted Subsidiary or, with respect to a Restricted Subsidiary, to issue any of its Voting Stock (other than, if necessary, shares of its Voting Stock constituting directors' qualifying shares) to any Person except: (1) to the Company or a Wholly-Owned Subsidiary; or (2) in compliance with Section 3.7 and immediately after giving effect to such issuance or sale, such Restricted Subsidiary would continue to be a Restricted Subsidiary. Notwithstanding the preceding paragraph, the Company or any Restricted Subsidiary may sell all the Voting Stock of a Restricted Subsidiary as long as the Company or any Restricted Subsidiary complies with the terms of Section 3.7.
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company will not, and will not permit any Restricted Subsidiary to, transfer, convey, sell, lease or otherwise dispose of any Voting Stock of any Restricted Subsidiary or, with respect to a Restricted Subsidiary, to issue any of its Voting Stock (other than, if necessary, shares of its Voting Stock constituting directors’ qualifying shares) to any Person except: (1) to the Company or a Wholly-Owned Subsidiary; (2) in compliance with Section 3.7 and immediately after giving effect to such issuance or sale, such Restricted Subsidiary would continue to be a Restricted Subsidiary or (3) for the transfers, conveyances, sales, leases, dispositions or issuances occurring at or contemporaneously with the Effective Time pursuant to the Plan of Reorganization. Notwithstanding the preceding paragraph, the Company or any Restricted Subsidiary may sell all the Voting Stock of a Restricted Subsidiary as long as the Company or any Restricted Subsidiary complies with the terms of Section 3.7.
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Issuer (a) shall not permit any Restricted Subsidiary to issue any Capital Stock (other than to the Issuer or a Restricted Subsidiary) and (b) shall not permit any Person (other than the Issuer or a Restricted Subsidiary) to own any Capital Stock of any Restricted Subsidiary; provided, however, that foregoing shall not prohibit the issuance and sale of all, but not less than all, of the issued and outstanding Capital Stock of any Subsidiary owned by the Issuer or any Subsidiary in compliance with the other provisions of this Supplemental Indenture and the Original Indenture.
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company (i) shall not, and shall not permit any Restricted Subsidiary to, transfer, convey, sell or otherwise dispose of any Capital Stock of any Restricted Subsidiary to any Person (other than to the Company or a Restricted Subsidiary) and (ii) shall not permit any Restricted Subsidiary to issue any of its Capital Stock to any Person other than to the Company or a Restricted Subsidiary; provided, however, that this Section 3.12 shall not prohibit the transfer, conveyance, sale or other disposition of all of the Capital Stock of a Restricted Subsidiary if the net cash proceeds from such transfer, conveyance, sale or other disposition are applied in accordance with Section 3.10; and, provided, further, that this Section 3.12 shall not prohibit the transfer, conveyance, sale or other disposition of less than all of the Capital Stock of a Restricted Subsidiary or the issuance by any Restricted Subsidiary of any of its Capital Stock to any Person as long as (A) the net cash proceeds from such transfer, conveyance, sale or other disposition or issuance are applied in accordance with Section 3.10, (B) immediately after giving effect to such transaction, no Event of Default shall have occurred and be continuing, (C) immediately after giving pro forma effect to such transaction, as if such transaction had occurred at the beginning of the applicable four-quarter period, the Company would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Consolidated Coverage Ratio test as set forth in Section 3.8(a) and (D) immediately after giving effect to such transaction, such Restricted Subsidiary remains a Restricted Subsidiary of the Company.
Limitation on Sale of Capital Stock of Restricted Subsidiaries. Hanover will not, and will not permit any of its Restricted Subsidiaries to, transfer, convey, sell, lease or otherwise dispose of any Voting Stock of any Restricted Subsidiary or issue any Voting Stock of any Restricted Subsidiary (other than, if necessary, shares of its Voting Stock constituting directors' qualifying shares) to any Person except (1) to Hanover or a Wholly-Owned Subsidiary other than a Receivables Entity; or (2) in compliance with Section 9.6 and, immediately after giving effect to such issuance or sale, such Restricted Subsidiary would continue to be a Restricted Subsidiary. Notwithstanding the preceding paragraph, Hanover may sell all the Voting Stock of a Restricted Subsidiary as long as Hanover complies with the terms of Section 9.6.
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company shall not permit (i) any Person (other than the Company or any of its Wholly-Owned Restricted Subsidiaries) to own any Capital Stock of Xxxxx, or (ii) any Person (other than the Company or any of its Restricted Subsidiaries) to own 50% or more of the Capital Stock of any of its Restricted Subsidiaries other than Xxxxx; provided, however, that this covenant shall not prohibit (a) the issuance and sale of all, but not less than all, of the issued and outstanding Capital Stock of any Restricted Subsidiary owned by the Company or any of its Restricted Subsidiaries in compliance with the other provisions of this Indenture, (b) the ownership by directors of director's qualifying shares or (c) the issuance and sale of nonvoting, nonconvertible preferred stock of any Restricted Subsidiary, provided that the aggregate amount of all nonvoting, nonconvertible preferred stock of Restricted Subsidiaries does not exceed 5% of Consolidated Net Tangible Assets of the Company.
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company shall not:
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company will not sell and will not cause or permit any Restricted Subsidiary of the Company to issue, sell or transfer any Preferred Stock of any Restricted Subsidiary (other than to the Company or to a Wholly-Owned Restricted Subsidiary) or permit any Person (other than the Company or a Wholly-Owned Restricted Subsidiary) to own any Preferred Stock of any Restricted Subsidiary. In addition, the Company will not sell or otherwise dispose of any Capital Stock of a Restricted Subsidiary, and will not permit any Restricted Subsidiary, directly or indirectly, to issue or sell or otherwise dispose of any of its Capital Stock except, subject to compliance with the other covenants herein, (i) to the Company or a Restricted Subsidiary, (ii) directors' qualifying shares, (iii) if, immediately after giving effect to such issuance, sale or other disposition, either (x) neither the Company nor any of its Subsidiaries own any Capital Stock of such Restricted Subsidiary or (y) such Restricted Subsidiary would remain a Restricted Subsidiary, and (iv) if, immediately after giving effect to such issuance, sale or other disposition, such Restricted Subsidiary would no longer constitute a Restricted Subsidiary and any Investment in such Person remaining after giving effect thereto would have been permitted to be made (and shall be deemed to have been made) under Section 10.14 of this Indenture on the date of such issuance, sale or other disposition.
Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company shall not, and shall not permit any Restricted Subsidiary of the Company to, transfer, convey, sell, lease or otherwise dispose of any Voting Stock of any Restricted Subsidiary or to issue any of the Voting Stock of a Restricted Subsidiary (other than, if necessary, shares of its Voting Stock constituting directors' qualifying shares or shares of Voting Stock required by applicable healthcare laws to be held by Persons other than the Company) to any Person except:
