Common use of Securities of Subsidiaries Clause in Contracts

Securities of Subsidiaries. Permit any of its -------------------------- Domestic Subsidiaries to issue any additional Securities except to a Borrower or a Domestic Subsidiary and except for director's qualifying Securities; or permit any of its Foreign Subsidiaries to issue any additional Securities except to a Borrower or a Subsidiary and except for director's qualifying Securities.

Appears in 2 contracts

Samples: Loan and Security Agreement (Falcon Products Inc /De/), Loan and Security Agreement (Falcon Products Inc /De/)

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Securities of Subsidiaries. Permit any Subsidiaries of its -------------------------- Domestic Subsidiaries Borrower to issue any additional Securities except to a Borrower or a Domestic Subsidiary and except for director's qualifying Securities; or permit Securities and to any other Subsidiary of its Foreign Subsidiaries Domestic Borrower provided such Subsidiary pledges such Securities to issue any additional Securities except to a Borrower or a Subsidiary the Agents in accordance with this Agreement and except for director's qualifying Securitiesthe other Loan Documents.

Appears in 1 contract

Samples: Loan and Security Agreement (Channell Commercial Corp)

Securities of Subsidiaries. Permit any of its -------------------------- Domestic Subsidiaries to issue any additional Securities except to a either Borrower or to a Domestic Restricted Subsidiary (or in the case of a Subsidiary which is not a Restricted Subsidiary, to the shareholder thereof), and except for director's qualifying Securities; or permit any of its Foreign Subsidiaries to issue any additional Securities except to a Borrower or a Subsidiary and except for director's ’s qualifying Securities.

Appears in 1 contract

Samples: Loan and Security Agreement (Anchor Lamina Inc)

Securities of Subsidiaries. Permit any of its Domestic -------------------------- Domestic Subsidiaries to issue any additional Securities except to a Borrower or a Domestic Subsidiary and except for director's qualifying Securities; or permit any of its Foreign Subsidiaries to issue any additional Securities except to a Borrower or a Subsidiary and except for director's qualifying Securities.

Appears in 1 contract

Samples: Loan and Security Agreement (Falcon Products Inc /De/)

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Securities of Subsidiaries. Permit any of its -------------------------- Domestic Subsidiaries to issue any additional Securities except to a Borrower or a Domestic Subsidiary and except for director's qualifying Securities; or permit any of its Foreign Subsidiaries to issue any additional Securities except to a Borrower or a Subsidiary and except for director's qualifying Securities.

Appears in 1 contract

Samples: Petition Credit Agreement (Falcon Products Inc /De/)

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