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.
Appears in 4 contracts
Samples: Indenture (Majestic Star Casino LLC), Indenture (Majestic Investor Capital Corp), Indenture (Majestic Star Casino LLC)
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sell, and shall not permit any of its Restricted Subsidiary Subsidiaries to issue or sell, any Equity Interests shares of Capital Stock of any Restricted Subsidiary (other than directors' qualifying shares) of any Restricted Subsidiary to any Person other than the Company or a Wholly Owned Subsidiary of the CompanySubsidiary; 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 provisions of Section 4.10 hereofof this Indenture.
Appears in 4 contracts
Samples: Indenture (Atlantic Express Transportation Corp), Indenture (Clark Material Handling Co), Indenture (Clark Material Handling Co)
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sellSell, and shall not nor permit any Restricted Subsidiary to issue or sell, any Equity Interests Stock (other than directors' " qualifying shares) of any Restricted Subsidiary to any Person other than the Company Borrower or a Wholly Owned Subsidiary of the CompanyBorrower; provided, that the Company Borrower and its Restricted Subsidiaries may sell all (but not less than all) of the Capital capital Stock of a Restricted Subsidiary owned by the Company Borrower and its Restricted Subsidiaries if the Net Proceeds from such Asset Sale are used in accordance with the terms of Section 4.10 7.4 hereof.
Appears in 2 contracts
Samples: Loan and Security Agreement (Peninsula Gaming Corp), Loan and Security Agreement (Peninsula Gaming Co LLC)
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sell, and shall not permit any of its Restricted Subsidiary Subsidiaries to issue or sell, any Equity Interests (other than directors' qualifying shares) shares of Capital Stock of any Restricted Subsidiary to any Person other than the Company or a Wholly Owned Subsidiary of the CompanySubsidiary; providedPROVIDED, 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 provisions of Section 4.10 hereofof this Indenture.
Appears in 2 contracts
Samples: Indenture (Archibald Candy Corp), Indenture (Archibald Candy Corp)
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sellSell, and shall not nor permit any Restricted Subsidiary to issue or sell, any Equity Interests Stock (other than directors' " qualifying shares) of any Restricted Subsidiary to any Person other than the Company a Borrower or a Wholly Owned Subsidiary of the Companysuch Borrower; provided, that the Company such Borrower and its Restricted Subsidiaries may sell all (but not less than all) of the Capital capital Stock of a Restricted Subsidiary owned by the Company such Borrower and its Restricted Subsidiaries if the Net Proceeds from such Asset Sale are used in accordance with the terms of Section 4.10 7.4 hereof.
Appears in 2 contracts
Samples: Loan and Security Agreement (Majestic Investor Capital Corp), Loan and Security Agreement (Majestic Investor Capital Corp)
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sellnot, and shall not permit any Restricted Subsidiary to to, issue or sell, 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 hereof4.10.
Appears in 1 contract
Samples: Indenture (Sports Club Co Inc)
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; providedprovided that, 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 hereof4.10.
Appears in 1 contract
Samples: Indenture (Majestic Star Casino LLC)
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; providedprovided that, that the Company and its Restricted Subsidiaries may sell all (but not less than all) of the Capital Stock of a Restricted Subsidiary owned owned, directly or indirectly, 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 hereof4.10.
Appears in 1 contract
Samples: Indenture (Majestic Star Casino LLC)
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sell, and shall not permit any of its Restricted Subsidiary Subsidiaries to issue or sell, any Equity Interests shares of Capital Stock of any Restricted Subsidiary (other than directors' qualifying shares) of any Restricted Subsidiary to any Person other than the Company or a Wholly Owned Subsidiary of the CompanySubsidiary; providedprovided however, that this provision shall not prohibit the Company and its Restricted Subsidiaries may sell sale of all (but not less than all) of the Capital Stock of a any 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 provisions of Section 4.10 hereof4. 10 of this Indenture.
Appears in 1 contract
Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sellnot, and shall not permit any Restricted Subsidiary to to, issue or sell, 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; providedPROVIDED, 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 hereof4.10.
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Restrictions on Sale and Issuance of Subsidiary Stock. The Company shall not sell, and shall not permit any of its Restricted Subsidiary Subsidiaries to issue or sell, any Equity Interests shares of Capital Stock of any Restricted Subsidiary (other than directors' qualifying shares) of any Restricted Subsidiary to any Person other than the Company or a Wholly Owned Subsidiary of the CompanySubsidiary; 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 42 44 the Company and its Restricted Subsidiaries if the Net Proceeds from such Asset Sale are used in accordance with the terms provisions of Section 4.10 hereofof this Indenture.
Appears in 1 contract