Common use of Maintenance of Subsidiaries Clause in Contracts

Maintenance of Subsidiaries. The Borrower shall not, nor shall it permit any Restricted Subsidiary to, issue, assign, sell or transfer, any shares of capital stock of a Restricted Subsidiary; provided that the foregoing shall not operate to prevent the issuance, sale and transfer to any person of any shares of capital stock of a Restricted Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Restricted Subsidiary.

Maintenance of Subsidiaries. The Borrower Company shall notnot assign, nor shall it sell or transfer, or permit any Restricted Subsidiary to, to issue, assign, sell or transfer, any shares of capital stock of a Restricted Subsidiary; provided that the foregoing shall not operate to prevent the issuance, sale and transfer to any person of any shares of capital stock of a Restricted Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Restricted Subsidiary.

Maintenance of Subsidiaries. The Borrower shall notnot assign, nor shall it sell, or transfer, or permit any Restricted Subsidiary to, to issue, assign, sell sell, or transfer, any shares of capital stock or other equity interest of a Restricted Subsidiary; provided that the foregoing shall not operate to prevent the issuance, sale and sale, or transfer to any person of any shares of capital stock or other equity interests of a Restricted Subsidiary solely for the purpose of qualifying, and only to the extent legally necessary to qualify, such person as a director of such Restricted Subsidiary.

Maintenance of Subsidiaries. The Borrower Company shall notnot assign, nor shall it sell or transfer, or permit any Restricted Subsidiary to, to issue, assign, sell or transfer, any shares of capital stock of a Restricted Subsidiary; provided that the foregoing shall not operate to prevent the issuance, sale and transfer to any person of any shares of capital stock of a Restricted Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Restricted Subsidiary; further, provided, however, that this Section 7.11 shall not operate to prevent any transaction otherwise permitted by Section 7.10 hereof.

Maintenance of Subsidiaries. The Borrower shall notnot assign, sell or transfer, nor shall it permit any Restricted Subsidiary to, to issue, assign, sell or transfer, any shares of capital stock or other equity interests of a Restricted Subsidiary; provided provided, however, that the foregoing shall not operate to prevent (a) the issuance, sale sale, and transfer to any person of any shares of capital stock of a Restricted Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Restricted SubsidiarySubsidiary and (b) any transaction permitted by Section 8.10(c) above.

Maintenance of Subsidiaries. The Borrower shall notwill not assign, nor shall it sell or transfer, or permit any Restricted Subsidiary to, of its Subsidiaries to issue, assign, sell or transfer, any shares of capital stock of a Restricted Subsidiary; , provided that the foregoing shall not operate to prevent the issuance, sale and transfer to any person of any shares of capital stock of a Restricted Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Restricted Subsidiary.

Maintenance of Subsidiaries. The Borrower Borrowers shall notnot assign, nor shall it sell or transfer, or permit any Restricted Subsidiary to, to issue, assign, sell or transfer, any shares of capital stock of a Restricted Subsidiary; provided that the foregoing shall not operate to prevent the issuance, sale and transfer to any person Person of any shares of capital stock of a Restricted Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person Person as a director of such Restricted Subsidiary.

Maintenance of Subsidiaries. The Borrower shall notnot assign, sell or transfer, nor shall it permit any Restricted Subsidiary to, to issue, assign, sell or transfer, any shares of capital stock or other equity interests of a Restricted Subsidiary; provided provided, however, that the foregoing shall not operate to prevent (a) the issuance, sale sale, and transfer to any person of any shares of capital stock of a Restricted Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Restricted Subsidiary, and (b) any transaction permitted by Section 8.10(c) above.