Common use of Ownership of Subsidiaries; Restrictions Clause in Contracts

Ownership of Subsidiaries; Restrictions. Each of the Credit Parties will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for wholly-owned Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof. Each of the Borrower and its Subsidiaries will not, nor will it permit any Subsidiary to, sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it, or permit any Subsidiary to, issue, sell, transfer, pledge or otherwise dispose of any of its Capital Stock or other equity interests, except as required by the Credit Documents or pursuant to a transaction permitted by Section 6.5(a)(iv). The Parent will not, nor will it permit any Subsidiary to, pledge any Capital Stock or other equity interests in any of its Subsidiaries, except as required by the Credit Documents or pursuant to a transaction permitted by Section 6.5(a)(iv).

Ownership of Subsidiaries; Restrictions. Each of the Credit Parties will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for wholly-owned Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof. Each of the Borrower and its Subsidiaries Credit Parties will not, nor will it permit any Subsidiary to, sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it, or permit any Subsidiary to, issue, sell, transfer, pledge or otherwise dispose of any of its Capital Stock or other equity interests, except as required by the Credit Documents or pursuant to a transaction permitted by Section 6.5(a)(iv). The Parent will not, nor will it permit any Subsidiary to, pledge any Capital Stock or other equity interests in any of its Subsidiaries, except as required by the Credit Documents or pursuant to a transaction permitted by Section 6.5(a)(iv).

Ownership of Subsidiaries; Restrictions. Each of the Credit Parties The Borrower will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for wholly-owned Securitization Vehicles and other Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with to the terms extent required by Section 5.10 hereof. Each of the The Borrower and its Subsidiaries will not, nor will it permit any Subsidiary to, not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its SubsidiariesSubsidiaries (other than Securitization Vehicles), nor will it, or it permit any Subsidiary to, of its Subsidiaries (other than Securitization Vehicles) to issue, sell, transfer, pledge or otherwise dispose of any of its their Capital Stock or other equity interests, except as required by the Credit Documents or pursuant to in a transaction permitted by Section 6.5(a)(iv). The Parent will not, nor will it permit any Subsidiary to, pledge any Capital Stock or other equity interests in any of its Subsidiaries, except as required by the Credit Documents or pursuant to a transaction permitted by Section 6.5(a)(iv)6.4.

Ownership of Subsidiaries; Restrictions. Each of Neither the Credit Parties will notBorrower nor any Subsidiary Guarantor will, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for wholly-owned Domestic U.S. Subsidiaries which are Credit Parties or which are joined as Additional Credit Parties in accordance with the terms hereof. Each of Neither the Borrower and its Subsidiaries will not, nor will it permit any Subsidiary to, Guarantor will sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it, or it permit any Subsidiary to, of its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of its their Capital Stock or other equity interests, except as required by the Credit Documents or pursuant to in a transaction permitted by Section 6.5(a)(iv). The Parent will not, nor will it permit any Subsidiary to, pledge any Capital Stock or other equity interests in any of its Subsidiaries, except as required by the Credit Documents or pursuant to a transaction permitted by Section 6.5(a)(iv)6.4.