Common use of Subsidiary Stock Clause in Contracts

Subsidiary Stock. The Borrower shall not permit any of its Subsidiaries to issue any additional shares of its capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Borrower. Neither the Borrower nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock or other equity securities of a Subsidiary, except to the Borrower or any of its wholly-owned Subsidiaries.

Subsidiary Stock. The Borrower shall will not permit any of its Subsidiaries directly or indirectly to issue issue, sell, assign, pledge or otherwise encumber or dispose of any additional shares of its capital stock or other equity securitiessecurities (or warrants, any rights or options therefor or any securities convertible thereto other than to the Borrower. Neither the Borrower nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock acquire shares or other equity securities securities) of a such Subsidiary, except except, to the extent permitted by Section 8.06, to the Borrower or any of its wholly-owned Subsidiariesto qualify directors if required by applicable law.

Subsidiary Stock. The Borrower shall will not permit any of its ---------------- Subsidiaries directly or indirectly to issue issue, sell, assign, pledge or otherwise encumber or dispose of any additional shares of its capital stock or other equity securitiessecurities (or warrants, any rights or options therefor or any securities convertible thereto other than to the Borrower. Neither the Borrower nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock acquire shares or other equity securities securities) of a such Subsidiary, except except, to the extent permitted by Section 8.06, to the ------------ Borrower or any of its wholly-owned Subsidiariesto qualify directors if required by applicable law.