Common use of Maintenance of Subsidiaries Clause in Contracts

Maintenance of Subsidiaries. The Company shall not assign, sell or transfer, or permit any Subsidiary to issue, assign, sell or transfer, any shares of capital stock of a Subsidiary except to another Subsidiary or to the Company; 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 Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Subsidiary.

Maintenance of Subsidiaries. The Company shall will not assign, sell or transfer, or permit any Subsidiary to issue, assign, sell or transfer, any shares of capital stock of a Subsidiary except to another Subsidiary or other than to the Company; Company or another Wholly-owned Subsidiary, provided that the foregoing this Section shall not apply to nor operate to prevent the issuance, sale and transfer to any person of any shares of capital stock of a Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Subsidiary.prevent:

Maintenance of Subsidiaries. The Company shall not assign, sell or transfer, or permit any Subsidiary to issue, assign, sell or transfer, any shares of capital stock of a Subsidiary except to another Subsidiary or to the Company; 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 Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Subsidiary.

Maintenance of Subsidiaries. The Company shall not assign, sell or transfer, or permit any Subsidiary to issue, assign, sell or transfer, any shares of capital stock of a Subsidiary except to another Subsidiary or to the CompanySubsidiary; 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 Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Subsidiary.prevent:

Maintenance of Subsidiaries. The Company shall will not assign, sell or transfer, or permit any Subsidiary to issue, assign, sell or transfer, any shares of capital stock of a Subsidiary except to another Subsidiary or to the Company; 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 Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Subsidiary.

Maintenance of Subsidiaries. The Company shall will not assign, sell or transfer, transfer (except to a Wholly Owned Subsidiary) or permit any Subsidiary to issue, assign, sell or transfer, transfer (except to the Company or to a Wholly Owned Subsidiary) any shares of capital stock (other than directors' qualifying shares) or evidences of indebtedness of a Subsidiary except to another Subsidiary or to the Company; provided that the foregoing shall not operate to prevent the issuanceSubsidiary, sale and transfer to any person of any shares of capital stock of a Subsidiary solely for the purpose of qualifying, and to the extent legally necessary to qualify, such person as a director of such Subsidiary.unless: