Common use of Ownership of Subsidiaries; Restrictions Clause in Contracts

Ownership of Subsidiaries; Restrictions. Create, form or acquire any Subsidiaries, except for (a) Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof and (b) Immaterial Subsidiaries, subject to the terms of Section 5.10. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it permit any of its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.5(a).

Ownership of Subsidiaries; Restrictions. CreateThe Credit Parties will not create, form or acquire any Subsidiaries, except for (a) Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof and (b) Immaterial Subsidiaries, subject Foreign Subsidiaries to the terms of Section 5.10extent created, formed or acquired as a Permitted Investment or otherwise approved by the Administrative Agent (such approval not to be unreasonably withheld). The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it permit any of its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.5(a).

Ownership of Subsidiaries; Restrictions. CreateThe Credit Parties will not create, form or acquire any direct Subsidiaries, except for (a) Unrestricted Subsidiaries and Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof and (b) Immaterial Subsidiaries, subject to the terms of Section 5.10hereof. The Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their direct Subsidiaries, nor will it they permit any of its their direct Restricted Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.5(a)6.4.