Common use of Subsidiary Stock Clause in Contracts

Subsidiary Stock. Borrower shall not permit any of its ---------------- Subsidiaries to, at any time, issue, sell, assign or otherwise dispose of (a) any of its capital stock, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its capital stock, or (c) any option, warrant, or other right to acquire any of its capital stock, except, in each case, to Borrower or a wholly-owned Subsidiary of Borrower.

Subsidiary Stock. The Borrower shall will not permit any of its ---------------- Subsidiaries to, at any time, directly or indirectly to issue, sell, assign assign, pledge or otherwise encumber or dispose of (a) any shares of its capital stockstock or other securities (or warrants, (b) any securities exchangeable for rights or convertible into or carrying any rights options to acquire any of its capital stock, or (c) any option, warrant, shares or other right to acquire any equity securities) of its capital stocksuch Subsidiary, except, in each caseto the extent permitted by Section 8.06, to the Borrower or a wholly-owned Subsidiary of Borrowerto qualify directors if required by applicable law.

Subsidiary Stock. Except for a sale of all of the capital stock of a ---------------- Subsidiary, which sale complies with Section 11(n), Borrower shall not permit any of its ---------------- Subsidiaries to, at any time, issue, sell, assign or otherwise dispose of (a) any of its capital stock, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its capital stock, or (c) any option, warrant, or other right to acquire any of its capital stock, except, in each case, to Borrower or a wholly-wholly- owned Subsidiary of Borrower.

Subsidiary Stock. The Borrower shall will not permit any of its ---------------- Subsidiaries to, at any time, directly or indirectly to issue, sell, assign assign, pledge or otherwise encumber or dispose of (a) any shares of its capital stockstock or other securities (or warrants, (b) any securities exchangeable for rights or convertible into or carrying any rights options to acquire any of its capital stock, or (c) any option, warrant, shares or other right to acquire any equity securities) of its capital stocksuch Subsidiary, except, in each caseto the extent permitted by Section 8.06, to the ------------ Borrower or a wholly-owned Subsidiary of Borrowerto qualify directors if required by applicable law.