Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sell, and shall not permit any Restricted Subsidiary to issue or sell, any Equity Interests (other than directors' qualifying shares) of any Restricted Subsidiary to any Person other than the Company or a Wholly Owned Subsidiary of the Company; provided, that the Company and its Restricted Subsidiaries may sell all (but not less than all) of the Capital Stock of a Restricted Subsidiary owned by the Company and its Restricted Subsidiaries if the Net Proceeds from such Asset Sale are used in accordance with the terms of Section 4.10 hereof.
Restrictions on Sale and Issuance of Subsidiary Stock. The Company will not sell, and will not permit any of its Subsidiaries to issue or sell, any shares of Disqualified Capital Stock of any Subsidiary to any person other than the Company or a wholly owned Subsidiary of the Company.
Restrictions on Sale and Issuance of Subsidiary Stock. The Borrower will not:
(a) Permit any of its Subsidiaries to issue or sell any shares of any class of such Subsidiary’s Capital Stock to any other Person (other than to the Borrower or a wholly-owned Subsidiary of the Borrower).
(b) Sell, transfer or otherwise dispose of any shares of any class of any of its Subsidiary’s Capital Stock to any other Person (except to the Borrower or a wholly-owned Subsidiary of the Borrower).
(c) Permit any of its Subsidiaries to sell, transfer or otherwise dispose of any shares of any class of Capital Stock of any other Subsidiary of the Borrower to any other Person (other than to the Borrower or a wholly-owned Subsidiary of the Borrower).
Restrictions on Sale and Issuance of Subsidiary Stock. The Borrower will not:
(a) permit any of its Subsidiaries to issue or sell any units of any class of such Subsidiary’s Capital Stock to any other Person (other than to the Borrower or a Wholly-Owned Subsidiary of the Borrower);
(b) sell, transfer or otherwise dispose of any units of any class of any of its Subsidiary’s Capital Stock to any other Person (except to the Borrower or a Wholly-Owned Subsidiary of the Borrower); or
(c) permit any of its Subsidiaries to sell, transfer or otherwise dispose of any units of any class of Capital Stock of any other Subsidiary of the Borrower to any other Person (other than to the Borrower or a Wholly-Owned Subsidiary of the Borrower).
Restrictions on Sale and Issuance of Subsidiary Stock. The Borrower will not:
(a) Permit any of its Subsidiaries to issue or sell any units of any class of such Subsidiary’s Capital Stock to any other Person (other than to the Borrower or a wholly-owned Subsidiary of the Borrower).
Restrictions on Sale and Issuance of Subsidiary Stock. The Company and each Guarantor shall not issue or sell, and shall not permit any of their respective Subsidiaries to issue or sell, any shares of Disqualified Capital Stock of any Subsidiary to any Person other than the Company or a wholly owned Subsidiary of the Company.
Restrictions on Sale and Issuance of Subsidiary Stock. Sell, nor permit any Restricted Subsidiary to issue or sell, any Stock (other than directors" qualifying shares) of any Restricted Subsidiary to any Person other than a Borrower or a Wholly Owned Subsidiary of such Borrower; provided, that such Borrower and its Restricted Subsidiaries, subject to compliance with Applicable Gaming Laws, may sell all (but not less than all) of the capital Stock of a Restricted Subsidiary owned by such Borrower and its Restricted Subsidiaries if the Net Proceeds from such Asset Sale are used in accordance with the terms of Section 7.4 hereof.
Restrictions on Sale and Issuance of Subsidiary Stock. The Issuer shall not sell, and shall not permit any Restricted Subsidiary to issue or sell, any Equity Interests (other than directors’ qualifying shares) of any Restricted Subsidiary to any Person other than the Issuer or a Wholly Owned Subsidiary of the Issuer; provided that, the Issuer and its Restricted Subsidiaries may sell all (but not less than all) of the Capital Stock or assets of (i) a Restricted Subsidiary owned by the Issuer and its Restricted Subsidiaries if the Net Proceeds from such Asset Sale are used in accordance with the terms of Section 4.10 or (ii) Majestic Colorado and its subsidiaries.
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sell, and shall not permit any of its Restricted Subsidiaries to issue or sell, any Equity Interests of any Restricted Subsidiary (other than directors' qualifying shares) to any Person other than the Company or a Wholly Owned Subsidiary; provided, that (i) the Company and its Restricted Subsidiaries may sell all (but not less than all) of the Capital Stock of a Restricted Subsidiary owned by the Company and its Restricted Subsidiaries if the Net Proceeds from such sale are used in accordance with the provisions of Section 4.10 of this Indenture, and (ii) FSI may issue shares of common stock upon the exercise of warrants outstanding on the Issue Date in accordance with the terms thereof, provided, that immediately following such exercise the Company owns at least 94.3% of the common stock of FSI.
Restrictions on Sale and Issuance of Subsidiary Stock. Sell, nor permit any Restricted Subsidiary to issue or sell, any Stock (other than directors" qualifying shares) of any
