Common use of Stock of Subsidiaries Clause in Contracts

Stock of Subsidiaries. The Borrower will not sell or otherwise dispose of any shares of capital stock of any Subsidiary (except as necessary or incident to any transaction permitted by Sections 6.2.1 or 6.2.6 above) or permit any Subsidiary to issue any additional shares of its capital stock except PRO RATA to its stockholders.

Appears in 3 contracts

Samples: Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp)

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Stock of Subsidiaries. The Borrower will not sell or otherwise dispose of any shares of capital stock of any Subsidiary (except as necessary or incident to any transaction permitted by Sections Section 6.2.1 (Capital Structure) or Section 6.2.6 above(Capital Expenditures)) or permit any Subsidiary to issue any additional shares of its capital stock except PRO RATA pro rata to its stockholders.

Appears in 1 contract

Samples: Loan and Security Agreement (BPC Holding Corp)

Stock of Subsidiaries. The Borrower Except as otherwise expressly permitted by Section 5.2.1, none of the Borrowers will not sell or otherwise dispose of any shares of capital stock of any Subsidiary (except as necessary in connection with a merger or incident to consolidation of a Wholly Owned Subsidiary into any transaction permitted by Sections 6.2.1 or 6.2.6 aboveof the other Borrowers) or permit any Subsidiary to issue any additional shares of its capital stock except PRO RATA to its stockholders.

Appears in 1 contract

Samples: Financing Agreement (C&d Technologies Inc)

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Stock of Subsidiaries. The Borrower will not sell or otherwise dispose of any shares of capital stock of any Subsidiary (except as necessary in connection with a merger or incident to consolidation of a Wholly Owned Subsidiary into the Borrower or another Wholly Owned Subsidiary or with the dissolution of any transaction permitted by Sections 6.2.1 or 6.2.6 aboveSubsidiary) or permit any Subsidiary to issue any additional shares of its capital stock except PRO RATA to its stockholders.

Appears in 1 contract

Samples: Financing and Security Agreement (Pec Solutions Inc)

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