Common use of Maintenance of Ownership of Subsidiaries Clause in Contracts

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; provided, however, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.

Appears in 12 contracts

Samples: Investor Rights Agreement, Investor Rights Agreement, Investor Rights Agreement (Mevion Medical Systems, Inc.)

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Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; , provided, however, that the Company may liquidatenothing herein contained shall prevent any merger, merge consolidation or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiariestransfer of assets permitted by subsection 4.02(e).

Appears in 5 contracts

Samples: Note Purchase Agreement (Dynasil Corp of America), Note Purchase Agreement (Dynasil Corp of America), Note Purchase Agreement (World Energy Solutions, Inc.)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; , provided, however, that the Company may liquidatenothing herein contained shall prevent any merger, merge consolidation or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiariestransfer of assets permitted by subsection 7.02(e).

Appears in 4 contracts

Samples: Senior Subordinated Secured Note and Warrant Purchase Agreement (Ecollege Com), Senior Subordinated Secured Note and Warrant Purchase Agreement (SoftBrands, Inc.), Securities Purchase Agreement (Oncure Medical Corp)

Maintenance of Ownership of Subsidiaries. Sell The Company shall not sell or otherwise dispose of transfer any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of transfer any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; provided, however, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.

Appears in 3 contracts

Samples: Investor Rights Agreement (Gene Logic Inc), Investor Rights Agreement (Memory Pharmaceuticals Corp), Investor Rights Agreement (Neogenesis Pharmaceuticals Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to another a wholly-owned Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares or rights to acquire any of its capital stock or the capital stock of any Subsidiary, except to the Company or another a wholly-owned Subsidiary; provided, however, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another a wholly-owned Subsidiary, or the Company may sell all or a portion of any Subsidiary or Subsidiariesto a wholly-owned Subsidiary.

Appears in 3 contracts

Samples: Contribution Agreement (Mortgage Com Inc), Contribution Agreement (Mortgage Com Inc), Series B Preferred Stock Purchase Agreement (Mortgage Com Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; , provided, however, that the Company may liquidatenothing herein contained shall prevent any merger, merge consolidation or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.transfer of assets permitted by subsection 7.02(e). 38 37

Appears in 1 contract

Samples: Senior Subordinated Note and Warrant Purchase Agreement (Odyssey Healthcare Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; provided, however, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.

Appears in 1 contract

Samples: Secured Term Note and Common Stock Purchase Warrants (Encon Systems Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise ---------------------------------------- dispose of any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; , provided, however, that the Company may liquidate-------- ------- nothing herein contained shall prevent any merger, merge consolidation or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiariestransfer of assets permitted by subsection 4.02(e).

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Peritus Software Services Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of or other ownership interests in any Subsidiary, except to another Subsidiary, Subsidiary or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of other ownership interests in any other Subsidiary, except to the Company Borrower or another any Subsidiary; provided, however, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.

Appears in 1 contract

Samples: Revolving Credit Agreement (Cal Maine Foods Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to another Subsidiary, Subsidiary or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any other Subsidiary, except to the Company Borrower or another Subsidiary; provided, however, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.

Appears in 1 contract

Samples: Term Loan Agreement (Cal Maine Foods Inc)

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Maintenance of Ownership of Subsidiaries. Sell or otherwise ---------------------------------------- dispose of any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; provided, however, that the Company may liquidatenothing herein contained shall -------- ------- prevent any merger, merge consolidation or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiariestransfer of assets permitted by Section 5.18(e).

Appears in 1 contract

Samples: Stockholders Agreement (Crown Castle International Corp)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock or membership interests of any Subsidiary, except to another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or membership interests or the capital stock or membership interests of any Subsidiary, except to the Company or another Subsidiary; provided, however, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.

Appears in 1 contract

Samples: Investor Rights Agreement (NameMedia, Inc.)

Maintenance of Ownership of Subsidiaries. Sell or otherwise ---------------------------------------- dispose of any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; , provided, however, that the Company may liquidatenothing herein contained shall prevent any merger, merge consolidation or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiariestransfer of assets permitted by subsection 7.02(e).

Appears in 1 contract

Samples: Senior Subordinated Note and Securities Purchase Agreement (Loislaw Com Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise dispose of any shares of capital stock of any Subsidiary, except to another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; providedPROVIDED, howeverHOWEVER, that the Company may liquidate, merge or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiaries.

Appears in 1 contract

Samples: Investor Rights Agreement (Voxware Inc)

Maintenance of Ownership of Subsidiaries. Sell or otherwise other- ---------------------------------------- wise dispose of any shares of capital stock of any Subsidiary, except to the Company or another Subsidiary, or permit any Subsidiary to issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary, except to the Company or another Subsidiary; , provided, however, that the Company may liquidatenothing herein contained shall prevent any merger, merge consolidation or consolidate any Subsidiary or Subsidiaries into or with itself, provided that the Company is the surviving entity, or into or with another Subsidiary or Subsidiariestransfer of assets permitted by subsection 7.02(e).

Appears in 1 contract

Samples: Senior Subordinated Note and Securities Purchase Agreement (Loislaw Com Inc)

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