Ownership of Restricted Subsidiaries. The Company will, and will cause each of its Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that the percentage of the equity capital of any class or character owned by it in any Restricted Subsidiary on the Third Restatement Effective Date (or, in the case of any newly formed or newly acquired Subsidiary, on the date of formation or acquisition) is not at any time decreased, other than by reason of transfers to the Company or another Restricted Subsidiary or sales permitted by Section 7.04. In the event that any additional shares of stock shall be issued by any Restricted Subsidiary, the respective holder of such shares of stock shall forthwith deliver to the Administrative Agent pursuant to the Pledge Agreement (but subject to the condition set forth in Section 6.10(a)(i) if such Subsidiary is a Foreign Subsidiary) the certificates evidencing such shares of stock, accompanied by undated stock powers executed in blank and to take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Pledge Agreement.
Ownership of Restricted Subsidiaries. The Company will, and will cause each of its Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that the percentage of the equity capital of any class or character owned by it in any Restricted Subsidiary on the Restatement Effective Date (or, in the case of any newly formed or newly acquired Subsidiary (other than a Securitization Entity), on the date of formation or acquisition) is not at any time decreased, other than by reason of transfers to the Company or another Restricted Subsidiary or sales or other transactions permitted by Section 7.04. In the event that any additional shares of stock shall be issued by any Restricted Subsidiary (other than a Securitization Entity), the respective holder of such shares of stock shall forthwith deliver to the Administrative Agent pursuant to the Pledge Agreement (but subject to the condition set forth in Section 6.10(a)(i) if such Subsidiary is a Foreign Subsidiary) the certificates evidencing such shares of stock, accompanied by undated stock powers executed in blank and to take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Pledge Agreement.
Ownership of Restricted Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, the Borrowers will not (i) permit any Person (other than the Company or any Wholly Owned Subsidiary of the Company) to own any Capital Stock of any Restricted Subsidiary, except (A) to qualify directors where required by applicable law or to satisfy other requirements of applicable law with respect to the ownership of Capital Stock of Foreign Subsidiaries or (B) as a result of or in connection with a dissolution, merger, consolidation or disposition of a Subsidiary not prohibited by Section 6.4, or (ii) permit, create, incur, assume or suffer to exist any Lien on any Capital Stock of any Restricted Subsidiary.
Ownership of Restricted Subsidiaries. The Borrower will, and will cause each of its Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that the percentage of the equity capital of any class or character owned by it in any Restricted Subsidiary on the date hereof (or, in the case of any newly formed or newly acquired Subsidiary, on the date of formation or acquisition) is not at any time decreased, other than by reason of transfers to the Borrower or another Restricted Subsidiary. In the event that any additional shares of stock shall be issued by any Restricted Subsidiary, the respective holder of such shares of stock shall forthwith deliver to the Administrative Agent pursuant to the Pledge Agreement the certificates evidencing such shares of stock, accompanied by undated stock powers executed in blank and to take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Pledge Agreement.
Ownership of Restricted Subsidiaries. So long as any of the Securities shall be outstanding:
(a) the Corporation will own directly, or indirectly, through one or more wholly-owned Subsidiaries, more than 80% of the voting shares, of each Restricted Subsidiary; and
(b) the Corporation will not permit any Restricted Subsidiary to merge or consolidate with or into, or to sell, assign, transfer or otherwise dispose of the assets of such Restricted Subsidiary substantially as an entirety to any corporation or other person, except where the corporation surviving in such merger or consolidation, or the person to which such sale, assignment, transfer or other disposition is made, upon consummation of such transaction, will be a Restricted Subsidiary.
Ownership of Restricted Subsidiaries. Except as otherwise permitted hereunder, the Borrower shall not own, directly or indirectly, less than 100% of the issued and outstanding Equity Interests of each Restricted Subsidiary.
Ownership of Restricted Subsidiaries. American Ski will maintain legal and beneficial ownership, directly or indirectly, of 100% of the equity interests of each of the Restricted Subsidiaries as described on SCHEDULE 8.9 hereto and with such exceptions as described on SCHEDULE 8.9 hereto.
Ownership of Restricted Subsidiaries. 72 Section 8.10 Survey and Surveyor's Certificate................................72 Section 8.11 Appraisals.......................................................73 Section 8.12
Ownership of Restricted Subsidiaries. Except as expressly permitted by this Agreement, no Credit Party shall sell, transfer or otherwise dispose of any shares of stock in any Restricted Subsidiary owned by it, nor permit any Restricted Subsidiary to issue any shares of stock of any class whatsoever to any Person other than to a Credit Party. The Borrower will, and will cause each of the Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that the percentage of the equity capital of any class or character owned by it in any Restricted Subsidiary on the date hereof (or, in the case of any newly formed or newly acquired Restricted Subsidiary, on the date of formation or acquisition) is not at any time decreased, other than by reason of transfers to another Credit Party. In the event that any additional shares of stock shall be issued by any Credit Party, the respective holder of such shares of stock shall forthwith deliver to the Agent pursuant to a Pledge Agreement the certificates evidencing such shares of stock, accompanied by undated stock powers executed in blank and to take such other action as the Agent shall request to perfect the security interest created therein pursuant to such Pledge Agreement.
Ownership of Restricted Subsidiaries. Communications will not at any time directly own equity interests in any Subsidiary other than the Borrower.
