Subsidiary Ownership. Neither the Parent nor the Borrower shall, nor shall permit any of their respective Subsidiaries to, own directly or indirectly such a percentage of the beneficial ownership interest in any Subsidiary as would be reasonably expected to result in an Event of Default under Section 8.01(j) of this Agreement.
Subsidiary Ownership. Sell, transfer or otherwise dispose of any shares of stock or partnership interests or other ownership interest in any Subsidiary that is the owner of a Mortgaged Property, or permit any such shares of stock or partnership interests or other ownership interest to be disposed of, sold, or otherwise transferred.
Subsidiary Ownership. The Company shall, at any time that any of the shares of Series A Preferred Stock issued to Harvest Small Cap Partners, L.P. and/or Harvest Small Cap Partners Master, Ltd. are outstanding, directly own no less than 66% of the total equity and voting rights of any and all classes of securities of each of Slacker, Inc., a Delaware corporation, PPV One, Inc., a Delaware corporation, or LiveXLive Events, LLC, a Delaware limited liability company, in each case on a fully diluted basis assuming all such company’s shares issuable upon conversion or exercise of any securities or options outstanding at any time, unless otherwise approved in advance in writing by the Majority Holders.
Subsidiary Ownership. Except as set forth in Section 3.3.2 of the ALHC Disclosure Schedule, ALHC and each of the ALHC Subsidiaries has good and valid title to all shares of its subsidiaries free and clear of all Encumbrances. All of the outstanding shares of capital stock of the ALHC Subsidiaries are validly issued, fully paid and non-assessable, and there are no preemptive or similar rights in respect of any shares of capital stock of the ALHC Subsidiaries.
Subsidiary Ownership. All Restricted Subsidiaries and all Net Cash Flow Unrestricted Subsidiaries shall at all times remain wholly-owned, directly or indirectly, by the Company or a Restricted Subsidiary except if sold, leased, conveyed, disposed of or transferred in accordance with Section 4.11 hereof.
Subsidiary Ownership. The Corporation is the registered and beneficial owner of all of the issued and outstanding shares of the Subsidiary free and clear of all mortgages, liens, charges, pledges, security interests, encumbrances, claims or demands whatsoever except as disclosed in the Prospectus and no person has any agreement, option, right or privilege (whether pre-emptive or contractual) for the purchase of all or any part of such securities and all such securities have been validly issued and are fully paid and non-assessable.
Subsidiary Ownership. Borrower shall not directly or indirectly sell, assign, pledge or otherwise transfer (except to a wholly-owned Subsidiary) any Debt of, or claim against, a Subsidiary or any shares of stock or securities of a Subsidiary, and will not permit a Subsidiary to sell, assign, pledge or otherwise transfer (except to Borrower or another wholly-owned Subsidiary) any Debt of, or claim against, Borrower or any other Subsidiary, or any shares of stock or securities of a Subsidiary.
Subsidiary Ownership. 49 Section 4.18 Rule 144A Information Requirement ...................... 49
Subsidiary Ownership. The Borrower agrees that it will -------------------- not, except for directors' qualifying shares (if required), directly or indirectly sell, assign, pledge or otherwise transfer (except to a subsidiary) any indebtedness of or claim against Matson or any Subsidiary of Matson xx xxx shares of stock or sexxxxxxes of Matson or any Subsidiary of Matson; xxx Xorrower will not permix Xxxxon or any Subsidiary of Matson xx xxxl, assign, pledge or oxxxxxxse transfer (except to the Borrower, Matson or a Subsidiary of Matson) axx Xxxebtedness of or claix xxxxnst the Borrower, Matson or any Subsidiary of Matson xx xxx shares of stock or sexxxxxxes of Matson or any Subsidiary of Matson, xxxxxt pursuant to a transaxxxxx permitted under Section 7.4 or 7.5 of this Agreement.
Subsidiary Ownership. With respect to Borrower, cease to own and control, beneficially and of record, the percent ownership of each of its Subsidiaries held on the date hereof.
