Common use of Ownership of the Principal Subsidiaries Clause in Contracts

Ownership of the Principal Subsidiaries. Sell, assign, pledge, or otherwise transfer or dispose of any shares of common stock, voting stock, or stock convertible into voting or common stock of any Principal Subsidiary, except (a) to another Subsidiary, (b) to the extent the assets of such Principal Subsidiary consist entirely of Utilities Assets at the time such transaction is consummated, (c) in connection with a Joint Venture Transaction or (d) in connection with an Asset Exchange.

Appears in 1 contract

Samples: Competitive Advance and Revolving Credit Facility Agreement (Citizens Communications Co)

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Ownership of the Principal Subsidiaries. Sell, assign, --------------------------------------- pledge, or otherwise transfer or dispose of any shares of common stock, voting stock, or stock convertible into voting or common stock of any Principal Subsidiary, Subsidiary except (a) to another Subsidiary, Subsidiary or (bin the case of stock of the Borrower) to the extent the assets of such Principal Subsidiary consist entirely of Utilities Assets at the time if such transaction is consummated, (c) would not result in connection with a Joint Venture Transaction or (d) in connection with an Asset Exchangeviolation of Section 5.01(b).

Appears in 1 contract

Samples: Credit Agreement (Electric Lightwave Inc)

Ownership of the Principal Subsidiaries. Sell, assign, pledge, or otherwise transfer or dispose of any shares of common stock, voting stock, or stock convertible into voting or common stock of any Principal Subsidiary, Subsidiary except (a) to another Subsidiary, (b) to the extent the assets of such Principal Subsidiary consist entirely of Utilities Assets at the time such transaction is consummated, (c) in connection with a Joint Venture Transaction or (d) in connection with an Asset Exchange.

Appears in 1 contract

Samples: Competitive Advance and Revolving Credit Facility Agreement (Citizens Utilities Co)

Ownership of the Principal Subsidiaries. Sell, assign, pledge, or otherwise transfer or dispose of any shares of common stock, voting stock, or stock convertible into voting or common stock of any Principal Subsidiary, except (a) to another Subsidiary, (b) Subsidiary and except to the extent the assets of such Principal Subsidiary consist entirely of Utilities Assets at the time such transaction is consummated, (c) in connection with a Joint Venture Transaction or (d) in connection with an Asset Exchange.

Appears in 1 contract

Samples: Competitive Advance and Revolving Credit Facility Agreement (Citizens Communications Co)

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Ownership of the Principal Subsidiaries. Sell, assign, pledge, or otherwise transfer or dispose of any shares of common stock, Credit Agreement voting stock, or stock convertible into voting or common stock of any Principal Subsidiary, Subsidiary except (a) to another Subsidiary, Subsidiary or (bin the case of stock of the Bor- rower) to the extent the assets of such Principal Subsidiary consist entirely of Utilities Assets at the time if such transaction is consummated, (c) would not result in connection with a Joint Venture Transaction or (d) in connection with an Asset Exchangeviolation of Section 5.01(b).

Appears in 1 contract

Samples: Credit Agreement (Electric Lightwave Inc)

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