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 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 (i) to the Company or another Subsidiary, or (ii) to any director of a Subsidiary to the extent the issuance to any such director of any such capital stock is required under applicable law; PROVIDED, HOWEVER, that nothing herein contained shall prevent any merger, consolidation or transfer of assets permitted by Section 7.02(e).

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 (i) to the Company or another Subsidiary, or (ii) to any director of a any Foreign Subsidiary to the extent the issuance to any such director of any such capital stock is required under applicable law; PROVIDED, HOWEVER, that nothing herein contained shall prevent any merger, consolidation or transfer of assets permitted by Section 7.02(e).

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 (i) to the Company or another Subsidiary, or (ii) to any director of a any Foreign Subsidiary to the extent the issuance to any such director of any such capital stock is required under applicable law; PROVIDEDprovided, HOWEVER-------- however, that nothing herein contained shall prevent any merger, merger consolidation or ------- transfer of assets permitted by Section 7.02(e7.02(d).