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 The Parent will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for (a) wholly-owned Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereofhereof and (b) wholly-owned (or, if not wholly owned, owned to the maximum extent permitted under applicable law) Foreign Subsidiaries approved in writing by the Agent, which approval shall not be unreasonably withheld. Each of the Borrower and its Subsidiaries The Parent will not, nor will it permit any Subsidiary its Subsidiaries to, 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 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 the The Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for (a) wholly-owned Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with to the extent required by the terms hereofhereof and (b) wholly-owned (or, if not wholly owned, owned to the maximum extent permitted under applicable law) Foreign Subsidiaries approved in writing by the Agent, which approval shall not be unreasonably withheld. Each of the Borrower and its Subsidiaries The Credit Parties will not, nor will it they permit any Subsidiary their Subsidiaries to, 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 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 the Credit Parties The Borrower will not, nor will it permit any Restricted Subsidiary to, create, form or acquire any Subsidiaries, except for (a) wholly-owned Domestic Subsidiaries which which, if Material Subsidiaries and not a Receivables Financing SPC, are joined as Additional Credit Parties in accordance with the terms hereof, (b) other Domestic Subsidiaries which are Restricted Subsidiaries, or (c) Foreign Subsidiaries. Each of the The Borrower and its Subsidiaries will not, nor will it permit any Subsidiary its Restricted Subsidiaries to, sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Restricted Subsidiaries, nor will it, or it permit any Subsidiary to, of its Restricted Subsidiaries 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 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 the Credit Parties The Borrower will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for wholly-owned (a) Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof. Each hereof and (b) Foreign Subsidiaries so long as the Capital Stock of such first-tier Foreign Subsidiaries are pledged to the Administrative Agent, for the benefit of the Lenders, pursuant to the terms of the Pledge Agreement. 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 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.

Ownership of Subsidiaries; Restrictions. Each of the Credit Parties The Parent Guarantor will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for (a) wholly-owned Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereofhereof and (b) wholly-owned Foreign Subsidiaries approved in writing by the Agent, which approval shall not be unreasonably withheld. Each of the Borrower and its Subsidiaries The Parent Guarantor will not, nor will it permit any Subsidiary its Subsidiaries to, 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 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.