Limitation on Securities Issuances. Borrower shall not issue any membership interests or other securities other than those that have been issued as of the date hereof.
Limitation on Securities Issuances. None of Borrower nor any of its subsidiaries shall issue any limited liability company or partnership interests or other securities other than those that have been issued as of the date hereof.
Limitation on Securities Issuances. (A) Except as disclosed to the Lender, permit any Subsidiary to issue any shares of Capital Stock that are not “certificated securities” (as defined in § 8-102 of the Uniform Commercial Code as in effect in the State of New York on the date hereof) and are not pledged to the Lender pursuant to the Pledge Agreement or (B) issue or permit any Subsidiary to issue any shares of preferred stock.
Limitation on Securities Issuances. None of Borrower, Mortgage Borrower, Mezzanine A Borrower, nor any of their respective subsidiaries shall issue any limited liability company interests or other securities other than those that have been issued as of the date hereof.
Limitation on Securities Issuances. None of Borrower or Owner shall issue any membership interests or other securities other than those that have been issued as of the funding date.
Limitation on Securities Issuances. (a) Borrowers shall not cause any ownership interests in any other Loan Party to be issued other than those that have been issued as of the Closing Date nor shall Borrowers cause or permit any other Loan Party to enter into or grant any option, warrant or other agreement or right with respect to any ownership interest in such Loan Party or with respect to any income or profits of such Loan Party.
Limitation on Securities Issuances. Neither Borrower nor any of its Subsidiaries shall issue any membership or partnership interests or other securities, other than those that have been issued and pledged to Lender as of the Closing Date.
Limitation on Securities Issuances. None of Borrower or any of its Affiliates that directly owns, or is directly owned by, Borrower shall issue any membership interests or other securities other than those that have been issued as of the date hereof other than as permitted hereunder.
Limitation on Securities Issuances. Neither Borrower nor Mortgage Borrower shall issue any additional ownership interests or other securities other than those that have been issued as of the date hereof.
Limitation on Securities Issuances. Borrower shall not and shall not permit Senior Mezzanine Borrower, Ashford Keys Senior Mezzanine Operating Lessee, Mortgage Borrower or Operating Lessee to issue any membership interests or other securities other than those that have been issued as of the date hereof.
