Common use of Ownership of Subsidiaries Clause in Contracts

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Loan Party or any Subsidiary to issue or have outstanding any shares of Disqualified Capital Stock or (b) create, incur, assume or suffer to exist any Lien on any Equity Interests of any Subsidiary, except for Permitted Liens.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Loan Party or any Subsidiary to issue or have outstanding any shares of Disqualified Capital Stock or (bi) create, incur, assume or suffer to exist any Lien on any Equity Interests Capital Stock of any Subsidiary, except for Permitted LiensLiens or (ii) permit any Subsidiary to issue any shares of preferred Capital Stock to any Person other than the Borrower or any Subsidiary.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Loan Party or any Subsidiary of the Company to issue or have outstanding any shares of Disqualified preferred Capital Stock (other than any preferred Capital Stock owned by the Company or any Wholly Owned Subsidiary) or (b) create, incur, assume or suffer to exist any Lien on any Equity Interests Capital Stock of any SubsidiarySubsidiary of the Company, except for Permitted Liens.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Loan Party Person (other than the Borrower or any Wholly Owned Subsidiary) to own any Capital Stock of any Subsidiary, except 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, (ii) permit any Subsidiary to issue or have outstanding any shares of Disqualified preferred Capital Stock or (biii) create, incur, assume or suffer to exist any Lien on any Equity Interests Capital Stock of any Subsidiary, except for Permitted Liens.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Loan Party or any Subsidiary of the Borrower to issue or have outstanding any shares of Disqualified Capital Stock preferred Equity Interests or (b) create, incur, assume or suffer to exist any Lien on any Equity Interests of any SubsidiarySubsidiary of the Borrower owned directly or indirectly by the Borrower, except for Permitted Liens.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Loan Party Person (other than any Borrower or any Wholly Owned Subsidiary) to own any Capital Stock of any Subsidiary, except to qualify directors where required by applicable law, (ii) permit any Subsidiary to issue or have outstanding any shares of Disqualified preferred Capital Stock Stock, or (biii) create, incur, assume or suffer to exist any Lien on any Equity Interests Capital Stock of any Subsidiary, except for Permitted LiensSubsidiary other than pursuant to the Loan Documents.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Loan Party or any Subsidiary to issue or have outstanding any shares of Disqualified preferred Capital Stock or (b) create, incur, assume or suffer to exist any Lien on any Equity Interests of any Subsidiary, except for Permitted LiensStock.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Loan Party Person (other than the Parent or any Wholly Owned Subsidiary) to own any Capital Stock of any Subsidiary, except 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, (ii) permit any Subsidiary to issue or have outstanding any shares of Disqualified preferred Capital Stock or (biii) create, incur, assume or suffer to exist any Lien on any Equity Interests Capital Stock of any Subsidiary, except for Permitted Liens.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Loan Party Person (other than the Borrower) to own any Capital Stock of any Subsidiary, except 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, (ii) permit any Subsidiary to issue or have outstanding any shares of Disqualified preferred Capital Stock Stock, or (biii) create, incur, assume or suffer to exist any Lien on any Equity Interests Capital Stock of any Subsidiary, except for Permitted LiensSubsidiary other than pursuant to the Loan Documents.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Loan Party or any Subsidiary to issue or have outstanding any shares of Disqualified Capital Stock or (bi) create, incur, assume or suffer to exist any Lien on any Equity Interests Stock of any Subsidiary, except for Permitted LiensLiens or (ii) permit any Subsidiary to issue any shares of preferred Stock to any Person other than the Borrower or any Subsidiary.