Common use of Ownership of Credit Parties; Restrictions Clause in Contracts

Ownership of Credit Parties; Restrictions. No Credit Party shall (i) sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interest in any other Credit Party that is a Subsidiary of the Initial Borrower and (ii) no Credit Party that is a Subsidiary of the Initial Borrower may issue or sell its Capital Stock, except that in the case of clause (i) or (ii) such Capital Stock or other equity interest of such Subsidiary may be transferred or issued directly to another Credit Party subject to Section 5.22.

Ownership of Credit Parties; Restrictions. No Credit Party shall (i) sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interest in any other Credit Party that is a Subsidiary of the Initial Borrower and (ii) no Credit Party that is a Subsidiary of the Initial Borrower may issue or sell its Capital Stock, except that in the case of clause (i) or (ii) such Capital Stock or other equity interest of such Subsidiary may be transferred or issued directly to another Credit Party subject to Section 5.22Party.