Common use of Certain Equity Securities Clause in Contracts

Certain Equity Securities. The Parent Borrower will not, nor will it permit any Subsidiary to, issue any preferred stock (other than Qualified Preferred Stock of the Parent Borrower) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent Borrower or any Subsidiary.

Appears in 1 contract

Samples: Pliant Corp

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Certain Equity Securities. The Parent Borrower will not, nor will it permit any Subsidiary to, issue any preferred stock (other than (a) Qualified Preferred Stock of the Parent BorrowerBorrower and (b) the Preferred Stock issued pursuant to the Plan of Reorganization) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent Borrower or any Subsidiary.

Appears in 1 contract

Samples: Working Capital Credit Agreement (Pliant Corpororation)

Certain Equity Securities. The Parent Borrower will not, nor will it permit any Subsidiary to, issue any preferred stock (other than Qualified Preferred Stock of the Parent Borrower) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent Borrower or any Subsidiary, except for (i) the warrants issued in connection with the Existing Preferred Stock, (ii) the Warrants and (iii) actions otherwise permitted under Section 6.09.

Appears in 1 contract

Samples: Credit Agreement (Pliant Corp)

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Certain Equity Securities. The Parent Borrower Borrowers will not, nor will it permit the Parent or any Subsidiary to, issue any preferred stock (other than (a) Qualified Preferred Stock of the Parent Borrowerand (b) the Preferred Stock issued pursuant to the Plan of Reorganization) or be or become liable in respect of any obligation (contingent or otherwise) to purchase, redeem, retire, acquire or make any other payment in respect of any Equity Interests of the Parent Borrower or any Subsidiary.

Appears in 1 contract

Samples: Fixed Asset Credit Agreement (Pliant Corpororation)

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