Common use of Securities of Subsidiaries Clause in Contracts

Securities of Subsidiaries. The Borrower will not permit any Restricted Subsidiary to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another wholly-owned Subsidiary of the Borrower that is a Restricted Subsidiary.

Appears in 3 contracts

Samples: Credit Agreement (Charles River Laboratories International Inc), Credit Agreement (Charles River Laboratories Inc), Credit Agreement (Charles River Laboratories Holdings Inc)

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Securities of Subsidiaries. The Borrower will not permit any Restricted Subsidiary to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another wholly-owned Subsidiary of the Borrower that is a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Mueller Holdings (N.A.), Inc.)

Securities of Subsidiaries. The Borrower will not -------------------------- permit any Wholly-Owned Subsidiary that is a Restricted Subsidiary to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another whollyWholly-owned Owned Subsidiary of the Borrower that is a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Advanstar Inc)

Securities of Subsidiaries. The Borrower will not permit any Wholly-Owned Subsidiary that is a Restricted Subsidiary to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another whollyWholly-owned Owned Subsidiary of the Borrower that is a Restricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Advanstar Communications Inc)

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Securities of Subsidiaries. The Holdings and the Borrower will not permit any Restricted Subsidiary to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another wholly-owned Subsidiary of the Borrower that is a Restricted Subsidiary.

Appears in 1 contract

Samples: Lender Consent Letter (Merrill Corp)

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