Common use of Limitations on Exchange and Issuance of Capital Stock Clause in Contracts

Limitations on Exchange and Issuance of Capital Stock. Issue, sell or otherwise dispose of any class or series of any Equity Interests that, by its terms or by the terms of any security into which it is convertible or exchangeable, is, or upon the happening of an event or passage of time would be, (a) required to be redeemed or repurchased, including at the option of the holder or at maturity, in whole or in part, or has, or upon the happening of an event or passage of time would have, a redemption or similar payment due, or requires payment of any cash dividend or any other scheduled payment constituting a return of capital, in each case at any time on or prior to the first anniversary of the Term Loan Maturity Date or (b) convertible or exchangeable into Debt or any Equity Interest referred to in clause (a).

Limitations on Exchange and Issuance of Capital Stock. Issue, sell or otherwise dispose of any class or series of any Equity Interests that, by its terms or by the terms of any security into which it is convertible or exchangeable, is, or upon the happening of an event or passage of time would be, (a) required to be redeemed or repurchased, including at the option of the holder or at maturity, in whole or in part, or has, or upon the happening of an event or passage of time would have, a redemption or similar payment due, or requires payment of any cash dividend or any other scheduled payment constituting a return of capital, in each case at any time on or prior to the first anniversary of the Term Loan Maturity Date or (b) convertible or exchangeable into Debt or any Equity Interest referred to in clause (a).