Common use of Ownership of Subsidiaries; Restrictions Clause in Contracts

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity Interests, except in a transaction permitted by Section 6.4.

Appears in 5 contracts

Samples: Credit Agreement (Fiesta Restaurant Group, Inc.), Credit Agreement (Carrols Restaurant Group, Inc.), Credit Agreement (Infospace Inc)

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Ownership of Subsidiaries; Restrictions. The Credit Parties Borrower will not, nor will they it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that which are joined as Additional Credit Parties as required by in accordance with the terms hereof. The Credit Parties Borrower will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their its Subsidiaries, nor will they it permit any of their its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.46.5.

Appears in 5 contracts

Samples: Credit Agreement (TTM Technologies Inc), Credit Agreement (Dan River Inc /Ga/), Credit Agreement (Integrated Defense Technologies Inc)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Restricted Subsidiary to, create, form or acquire any Subsidiaries, except for Unrestricted Subsidiaries and Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their Subsidiaries, nor will they permit any of their Restricted Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 4 contracts

Samples: Agency Succession and Amendment Agreement (GateHouse Media, Inc.), First Lien Credit Agreement (GateHouse Media, Inc.), Credit Agreement (GateHouse Media, Inc.)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Interest or other equity interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsInterest or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 4 contracts

Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for (i) Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereofhereof and (ii) Foreign Subsidiaries. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Interest or other equity interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsInterest or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 3 contracts

Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries and Material Foreign Subsidiaries that are joined as Additional Credit Parties as required by the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Interest or other equity interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsInterest or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 2 contracts

Samples: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

Ownership of Subsidiaries; Restrictions. The Credit Parties Borrower will not, nor and will they not permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereofwholly-owned Subsidiaries. The Credit Parties Borrower will not, and will not permit any Subsidiary to, sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their its Subsidiaries, nor will they it, or permit any of their Subsidiaries to Subsidiary to, issue, sell, transfer, pledge or otherwise dispose of any of their Equity Interestsits Capital Stock or other equity interests, except in as required by the Credit Documents or pursuant to a transaction permitted by Section 6.46.5(a)(iv).

Appears in 2 contracts

Samples: Credit and Security Agreement (Sun Hydraulics Corp), Credit and Security Agreement (Sun Hydraulics Corp)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries (other than ESI) to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 2 contracts

Samples: Credit Agreement (American Pacific Corp), Credit Agreement (American Pacific Corp)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that which are joined as Additional Credit Parties as required by in accordance with the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.46.5.

Appears in 2 contracts

Samples: Credit Agreement (Lower Road Associates LLC), Credit Agreement (Lower Road Associates LLC)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as to the extent required by Section 5.10 and Foreign Subsidiaries. Subject to Section 9.21, the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

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Ownership of Subsidiaries; Restrictions. The Each of the Credit Parties will not, nor will they it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for (i) Permitted Investments or (ii) Material Domestic Subsidiaries that which are joined as Additional Credit Parties as required by in accordance with the terms hereofof Section 5.10. The Credit Parties Borrower will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their its Subsidiaries, nor will they it permit any of their its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 1 contract

Samples: Credit Agreement (Roanoke Electric Steel Corp)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Restricted Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests in any of their Subsidiaries, nor will they permit any of their Restricted Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity Interests, except in a transaction permitted by Section 6.4.

Appears in 1 contract

Samples: Credit Agreement (Carrols Restaurant Group, Inc.)

Ownership of Subsidiaries; Restrictions. The Credit Parties Company will not, nor will they it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that which are joined as Additional Credit Parties as required by in accordance with the terms hereof. The Credit Parties Company will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their its Subsidiaries, nor will they it permit any of their its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.46.5.

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

Ownership of Subsidiaries; Restrictions. The Credit Loan Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Loan Parties as required by the terms hereof. The Credit Loan Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity Interests, except in a transaction permitted by Section 6.46.04.

Appears in 1 contract

Samples: Credit Agreement (Fiesta Restaurant Group, Inc.)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereofhereof and a Foreign Subsidiary creating or forming a Foreign Subsidiary. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity Interests, except in a transaction permitted by Section 6.4.

Appears in 1 contract

Samples: Credit Agreement (Impax Laboratories Inc)

Ownership of Subsidiaries; Restrictions. The Credit Parties will not, nor will they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries that are joined as Additional Credit Parties as required by the terms hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Equity Interests Capital Stock or other equity interests in any of their Subsidiaries, nor will they permit any of their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Equity InterestsCapital Stock or other equity interests, except in a transaction permitted by Section 6.4.

Appears in 1 contract

Samples: Credit Agreement (New Century Transportation, Inc.)

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