Common use of Sales of Subsidiaries Clause in Contracts

Sales of Subsidiaries. Neither the Borrower nor the Guarantor shall sell or otherwise dispose of any stock (or other ownership interest), or securities convertible into stock (or other ownership interest), of any domestic Subsidiary (however, the liquidation or dissolution of non-operating entities shall not be prohibited hereby).

Appears in 5 contracts

Samples: Loan Agreement (Johnson Outdoors Inc), Loan Agreement (Johnson Outdoors Inc), Loan Agreement (Johnson Outdoors Inc)

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