Common use of Stock of Subsidiaries Clause in Contracts

Stock of Subsidiaries. Sell, pledge or otherwise dispose of any shares of capital stock of any of its Subsidiaries (except in connection with a merger or consolidation of a Wholly Owned Subsidiary of the Borrower permitted by Section 7.02(a) or with the dissolution of any Subsidiary of the Borrower) or permit any of its Subsidiaries to issue any additional shares of capital stock except pro rata to its stockholders.

Stock of Subsidiaries. Sell, pledge Etc. Sell or otherwise dispose of any shares of capital stock of any of its Subsidiaries (except in connection with a merger or consolidation of a Wholly Owned Subsidiary of the Borrower permitted by Section 7.02(a) or with the dissolution of any Subsidiary of the Borrower) Subsidiaries, or permit any of its Subsidiaries such Subsidiary to issue any additional shares of its capital stock stock, except pro rata to its stockholdersdirectors, qualifying shares.

Stock of Subsidiaries. SellIssue, pledge sell or otherwise dispose of any shares of capital stock of any of its Subsidiaries Subsidiary (except in connection with a merger or consolidation of a Wholly Owned owned Subsidiary of the Borrower permitted by Section 7.02(a7.02(c) or with the dissolution of any Subsidiary of the BorrowerSubsidiary) or permit any of its Subsidiaries Subsidiary to issue any additional shares of its capital stock except pro rata to its stockholders.

Stock of Subsidiaries. Sell, pledge Sell or otherwise dispose of any shares of capital stock of any of its Subsidiaries Subsidiary (except in connection with a merger merger, consolidation or consolidation sale of a Wholly Owned Subsidiary of the Borrower permitted by Section 7.02(a) or with the dissolution of any Subsidiary of the BorrowerSubsidiary) or permit any of its Subsidiaries Subsidiary to issue any additional shares of its capital stock except pro rata to its stockholders.

Stock of Subsidiaries. Sell, pledge Sell or otherwise dispose of (including the granting of any security interest in) any shares of capital stock of any of its Subsidiaries (except in connection with a merger or consolidation of a Wholly Owned Subsidiary of other than pursuant to the Borrower permitted by Section 7.02(a) Pledge Agreement or with the dissolution of any Subsidiary of the Borrower) Borrower Pledge Agreement (Navigators), or permit any of its Subsidiaries Subsidiary to issue any additional shares of its capital stock stock, except pro rata to its stockholdersthe minimum number of directors' qualifying shares required by Law.

Stock of Subsidiaries. Sell, pledge Sell or otherwise dispose of any shares of capital stock of any of its Subsidiaries Subsidiary (except in connection with a merger or consolidation of a Wholly Owned Subsidiary of the Borrower permitted by Section 7.02(a) or with the dissolution of any Subsidiary of the BorrowerSubsidiary) or permit any of its Subsidiaries Subsidiary to issue any additional shares of its capital stock except pro rata PRO RATA to its stockholders.