Common use of Sale of Stock and Debt of Subsidiaries Clause in Contracts

Sale of Stock and Debt of Subsidiaries. Except to the Company or a 75%-owned Subsidiary, sell or otherwise dispose of, or part with control of, any shares of stock or Debt of any (i) Significant Subsidiary, or (ii) other Subsidiary, if at the time of such sale or other disposition, such other Subsidiary owns, directly or indirectly, any shares of stock or Debt of any Significant Subsidiary or any Debt of the Company;

Appears in 2 contracts

Samples: Private Shelf Agreement (Cedar Fair L P), Note Purchase and Private Shelf Agreement (Cedar Fair L P)

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Sale of Stock and Debt of Subsidiaries. Except to the Company for Permitted Dispositions or a 75%-owned Subsidiaryexcept as permitted by paragraph 6B(6), sell or otherwise dispose of, or part with control of, any shares of stock or Debt Indebtedness of any (i) Significant Subsidiary, except to the Company or (ii) other any Subsidiary. Notwithstanding the foregoing, if at the time of such sale or other disposition, such other Subsidiary owns, directly or indirectly, any shares of stock or Debt of any each Significant Subsidiary or any Debt shall at all times be a Wholly-Owned Subsidiary of the Company;.

Appears in 1 contract

Samples: Note Purchase Agreement (Franklin Electric Co Inc)

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Sale of Stock and Debt of Subsidiaries. Except to the Company for Permitted Dispositions or a 75%-owned Subsidiaryexcept as permitted by Section 10.6, sell or otherwise dispose of, or part with control of, any shares of stock or Debt Indebtedness of any (i) Significant Subsidiary, except to the Company or (ii) other any Subsidiary. Notwithstanding the foregoing, if at the time of such sale or other disposition, such other Subsidiary owns, directly or indirectly, any shares of stock or Debt of any each Significant Subsidiary or any Debt shall at all times be a Wholly-Owned Subsidiary of the Company;.

Appears in 1 contract

Samples: Note Purchase and Private Shelf Agreement (Franklin Electric Co Inc)

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