Common use of Limitation on Securities Issuances Clause in Contracts

Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit any Subsidiary to issue any shares of Capital Stock that are not “certificated securities” (as defined in § 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender pursuant to the Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stock.

Appears in 3 contracts

Samples: Credit Agreement (Merisel Inc /De/), Credit Agreement (Merisel Inc /De/), Credit Agreement (Merisel Inc /De/)

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Limitation on Securities Issuances. (Aa) Except as disclosed to the Lender, Issue or permit any Subsidiary to issue any shares of Capital Stock that are not "certificated securities" (as defined in § ss. 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender Collateral Agent for the benefit of the Agents and the Lenders pursuant to the Pledge Agreement or (Bb) issue or permit any Subsidiary to issue any shares of preferred stockstock other than to a Loan Party.

Appears in 2 contracts

Samples: Credit Agreement (Global Signal Inc), Acquisition Credit Agreement (Global Signal Inc)

Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit Permit any Domestic Subsidiary to issue any shares of Capital Stock that are not "certificated securities" (as defined in § ss. 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender Administrative Agent pursuant to the a Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stock.

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit Permit any Domestic Subsidiary to issue any shares of Capital Stock that are not "certificated securities" (as defined in § ss 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender Administrative Agent pursuant to the a Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stock.

Appears in 1 contract

Samples: Credit Agreement (Armor Holdings Inc)

Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit Permit any Subsidiary to issue any shares of Capital Stock that are not "certificated securities" (as defined in § ss. 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender Administrative Agent pursuant to the Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stockas required under Section 8.11.

Appears in 1 contract

Samples: Credit Agreement (Universal Hospital Services Inc)

Limitation on Securities Issuances. (A) Except as disclosed to the Lender, Issue or permit any Subsidiary to issue any shares of Capital Stock that are not "certificated securities" (as defined in § ss. 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender pursuant to the Borrower/Subsidiary Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stockstock other than Permitted Equity Issuances.

Appears in 1 contract

Samples: Credit Agreement (Global Signal Inc)

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Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit Permit any Subsidiary to issue any shares of Capital Stock that are not "certificated securities" (as defined in § ss. 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender Administrative Agent pursuant to the a Pledge Agreement or (B) issue issue, or permit any Subsidiary to issue issue, any shares of preferred stock.

Appears in 1 contract

Samples: Credit Agreement (Unidigital Inc)

Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit Permit any Subsidiary ---------------------------------- to issue any shares of Capital Stock that are not "certificated securities" (as defined in § (S) 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender Agent pursuant to the Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stock, other than the Convertible PIK Preferred Stock pursuant to the Exchange Offer.

Appears in 1 contract

Samples: Convertible Loan Agreement (Healthcor Holdings Inc)

Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit Permit any Subsidiary to issue any shares of Capital Stock that are not "certificated securities" (as defined in § 8inss.8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender Administrative Agent pursuant to the a Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stock.

Appears in 1 contract

Samples: Credit Agreement (Security Capital Corp/De/)

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