Common use of Limitation on Subsidiary Indebtedness and Preferred Stock Clause in Contracts

Limitation on Subsidiary Indebtedness and Preferred Stock. The Company will not permit any Subsidiary to incur, directly or indirectly, any Indebtedness (other than Indebtedness of Non-Recourse Subsidiaries) or issue any preferred stock except:

Appears in 5 contracts

Samples: Supplemental Indenture (Pride Petroleum Services Inc), Supplemental Indenture (Pride Petroleum Services Inc), Supplemental Indenture (Pride International Inc)

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Limitation on Subsidiary Indebtedness and Preferred Stock. The Company will not permit any Subsidiary to incurto, directly or indirectly, incur any Indebtedness (other than Indebtedness of Non-Recourse Subsidiaries) or issue any preferred stock Preferred Stock except:

Appears in 3 contracts

Samples: Supplemental Indenture (Grey Wolf Inc), Supplemental Indenture (Grey Wolf Inc), Di Industries Inc

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