Common use of Restrictions on Sale and Issuance of Subsidiary Stock Clause in Contracts

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.

Appears in 5 contracts

Samples: Indenture (Jazz Casino Co LLC), Indenture (Jazz Casino Co LLC), Tia Indenture (Jazz Casino Co LLC)

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Restrictions on Sale and Issuance of Subsidiary Stock. The Company will not sellSell, and will not nor permit any of its Subsidiaries Subsidiary to issue or sell, any shares of Disqualified Capital Stock of any Subsidiary to any person Person other than the Company a Borrower or a wholly owned Wholly Owned Subsidiary of the Companysuch Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Majestic Holdco, LLC)

Restrictions on Sale and Issuance of Subsidiary Stock. The Company will shall not sell, and will shall not permit any of its Restricted Subsidiaries to issue or sell, any shares of Disqualified Capital Stock of any Restricted Subsidiary (other than directors' qualifying shares) to any person Person other than the Company or a wholly owned Subsidiary of the Company.Wholly Owned

Appears in 1 contract

Samples: Indenture (American Restaurant Group Inc)

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Restrictions on Sale and Issuance of Subsidiary Stock. The Company will and each Guarantor shall not issue or sell, and will shall not permit any of its their respective Subsidiaries to issue or sell, any shares of Disqualified Capital Stock of any Subsidiary to any person Person other than the Company or a wholly owned Subsidiary of the Company.

Appears in 1 contract

Samples: Indenture (Elsinore Corp)

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