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 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.

Appears in 2 contracts

Samples: Chelsea Gca Realty Partnership Lp, Chelsea Gca Realty Inc

AutoNDA by SimpleDocs

Limitation on Sale of Capital Stock of Restricted Subsidiaries. The Issuer (a) shall will 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; providedPROVIDED, howeverHOWEVER, that the foregoing shall not prohibit the issuance and or 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 accordance with the other provisions of this Supplemental Indenture and the Original Indenture.

Appears in 2 contracts

Samples: Tanger Factory Outlet Centers Inc, Tanger Properties LTD Partnership /Nc/

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