Common use of Stock of Subsidiaries Clause in Contracts

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

Appears in 5 contracts

Samples: Term Loan Agreement (Specialty Foods Acquisition Corp), Term Loan Agreement (Specialty Foods Corp), Term Loan Agreement (Specialty Foods Corp)

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

Appears in 5 contracts

Samples: Credit Agreement (Brand Scaffold Services Inc), Credit Agreement (Pasta Group L L C), Credit Agreement (Brand Scaffold Services Inc)

Stock of Subsidiaries. The Each of the Borrower and each Parent Guarantor will not permit any Subsidiary of the Borrower to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another whollyWholly-owned SubsidiarySubsidiary of the Borrower.

Appears in 4 contracts

Samples: Credit Agreement (Dri I Inc), Credit Agreement (Dri I Inc), Credit Agreement (Dri I Inc)

Stock of Subsidiaries. The Borrower will not permit any Subsidiary of its Subsidiaries to issue any Capital Stock Securities (whether for value or otherwise) to any Person other than the Borrower or another whollyWholly-owned SubsidiarySubsidiary of the Borrower except in connection with a Local Management Plan.

Appears in 2 contracts

Samples: Amendment Agreement (Weight Watchers International Inc), Credit Agreement (Weight Watchers International Inc)

Stock 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 SubsidiarySubsidiary of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Decisionone Corp /De), Credit Agreement (Decisionone Corp /De)

Stock of Subsidiaries. The Borrower will not permit any Subsidiary to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another whollyWholly-owned SubsidiarySubsidiary of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Duane Reade Inc)

Stock of Subsidiaries. The Borrower will not (other than in connection with a Permitted Acquisition or an Investment), and will not permit any Subsidiary of its Subsidiaries to issue any Capital Stock Securities (whether for value or otherwise) to any Person other than the Borrower or another whollyWholly-owned SubsidiarySubsidiary of the Borrower except in connection with a Local Management Plan.

Appears in 1 contract

Samples: Credit Agreement (Weight Watchers International Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Keebler Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

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

Appears in 1 contract

Samples: Credit Agreement (Formica Corp)

Stock of Subsidiaries. The Borrower will not permit any Subsidiary (other than a Subsidiary which is a Joint Venture), if any, to issue any Capital Stock (whether for value or otherwise) to any Person other than the Borrower or another wholly-owned SubsidiarySubsidiary of the Borrower.

Appears in 1 contract

Samples: Credit Agreement (Wilson Greatbatch Technologies Inc)

Stock of Subsidiaries. The Borrower will not permit any Subsidiary to issue any Capital Stock capital stock (whether for value or otherwise) to any Person other than the Borrower or another wholly-owned U.S. Subsidiary.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Imo Industries Inc)

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