Common use of Limitation on Sale of Capital Stock of Restricted Subsidiaries Clause in Contracts

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 Company will not, and will 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, with respect to a Restricted Subsidiary, or to issue any of its the Voting Stock of a Restricted Subsidiary (other than, if necessary, shares of its Voting Stock constituting directors’ ' qualifying shares) to any Person except: (1) to the Company or a Wholly-Wholly- Owned Subsidiary; or (2) in compliance with Section 3.7 3.6 and immediately after giving effect to such issuance transfer, conveyance, sale, lease, other disposition or saleissuance, such Restricted Subsidiary would continue continues to be a Restricted Subsidiary, or if such Restricted Subsidiary would no longer be a Restricted Subsidiary, then the Investment would have been permitted to be made under Section 3.4 as if made on the date of such transfer, conveyance, sale, lease, other disposition or (3) for the transfers, conveyances, sales, leases, dispositions or issuances occurring at or contemporaneously with the Effective Time pursuant to the Plan of Reorganizationissuance. 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 3.73.6.

Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Company will not, and will not permit any of its Restricted Subsidiary Subsidiaries to, transfer, convey, sell, lease or otherwise dispose of any Voting Stock of any Restricted Subsidiary or, with respect to a Restricted Subsidiary, to or issue any of its Voting Stock of any Restricted Subsidiary (other than, if necessary, shares of its Voting Stock constituting directors’ qualifying shares) to any Person except: except (1) to the Company or a Wholly-Owned SubsidiarySubsidiary other than a Receivables Entity; or (2) in compliance with Section 3.7 and 711 and, immediately after giving effect to such issuance or sale, such Restricted Subsidiary would continue to be a Restricted Subsidiary or, if such Restricted Subsidiary would no longer be a Restricted Subsidiary, then the Investment of the Company in such Person would have been permitted to be made under Section 703 as if made on the date of such transfer, conveyance, sale, lease, disposition or (3) for the transfers, conveyances, sales, leases, dispositions or issuances occurring at or contemporaneously with the Effective Time pursuant to the Plan of Reorganizationissuance. 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 3.7711.