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. 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. 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 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. 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. 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.
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Subsidiary Ownership. Each 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 Xxxxxx or any Subsidiary of Xxxxxx or any shares of stock or securities of Xxxxxx or any Subsidiary of Xxxxxx; and Parent will not permit Xxxxxx or any Subsidiary of Xxxxxx to sell, assign, pledge or therwise transfer (except to the Parent, Xxxxxx or a Subsidiary of Xxxxxx) any Indebtedness of or claim against the Parent, Xxxxxx or any Subsidiary of Xxxxxx or any shares of stock or securities of Xxxxxx or any Subsidiary of Xxxxxx, except pursuant to a transaction permitted under Section 7.4 or 7.5 of this Agreement.
Subsidiary Ownership. All shares of stock of each of Herb Wonderful, Inc. and Balance Systems, Inc., but only to the extent such shares of stock were sold, transferred and assigned to NSI pursuant to the Acquisition Agreement.
