Common use of Ownership; After-Acquired Equity Interests Clause in Contracts

Ownership; After-Acquired Equity Interests. (a) Except as otherwise permitted by the Indenture, Pledgor will cause the Equity Interests pledged by it hereunder to constitute at all times 100% of the capital stock or other Equity Interests in each subsidiary of Pledgor, such that the issuer thereof shall be a wholly owned subsidiary of Pledgor. Unless the Collateral Agent shall have given its prior written consent, Pledgor will not cause or permit any such issuer to issue or sell any new capital stock, any warrants, options or rights to acquire the same, or other Equity Interests of any nature to any person other than Pledgor, or cause, permit or consent to the admission of any other person as a stockholder, partner or member of any such issuer.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Centrus Energy Corp), Security Agreement (United States Enrichment Corp), Pledge and Security Agreement (Centrus Energy Corp)

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Ownership; After-Acquired Equity Interests. (a) Except as to the extent otherwise expressly permitted by or pursuant to the IndentureCredit Agreement, each Pledgor will cause the Pledged Equity Interests pledged by it hereunder to constitute at all times 100% of the capital stock or other Equity Interests in each subsidiary of Pledgorissuer held by such Pledgor thereof, such that the issuer thereof shall be a wholly owned subsidiary of such Pledgor. Unless , and unless the Collateral Agent shall have given its prior written consent, no Pledgor will not cause or permit any such issuer to issue or sell any new capital stock, any warrants, options or rights to acquire the same, or other Equity Interests of any nature to any person other than such Pledgor, or cause, permit or consent to the admission of any other person as a stockholder, partner or member of any such issuer.

Appears in 1 contract

Samples: Omnibus Pledge and Security Agreement (Water Pik Technologies Inc)

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Ownership; After-Acquired Equity Interests. (a) Except as to the extent otherwise expressly permitted by or pursuant to the IndentureCredit Agreement, each Pledgor will cause the Equity Interests pledged by it hereunder to constitute at all times 100% of the capital stock or other Equity Interests in each subsidiary of Pledgorissuer thereof, such that the issuer thereof shall be a wholly owned subsidiary Wholly Owned Subsidiary of such Pledgor. Unless , and unless the Collateral Agent shall have given its prior written consent, no Pledgor will not cause or permit any such issuer to issue or sell any new capital stock, any warrants, options or rights to acquire the same, or other Equity Interests of any nature to any person Person other than such Pledgor, or cause, permit or consent to the admission of any other person Person as a stockholder, partner or member of any such issuer.

Appears in 1 contract

Samples: Pledge and Security Agreement (Lason Inc)

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