Common use of Certain Obligations Respecting Restricted Subsidiaries Clause in Contracts

Certain Obligations Respecting Restricted Subsidiaries. Each of MCC and the Borrower will, and will cause each of its Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of MCC, the Borrower and each of its Restrictedtheir respective Subsidiaries at all times own (subject only to the Lien of the Security and Guarantee Agreement) at least the same percentage of the outstanding equity interests (including stock) of each of its Restricted Subsidiaries as is owned on the date hereof. Without limiting the generality of the foregoing, none of MCC nor, the Borrower or any of its Restrictedtheir respective Subsidiaries shall sell, transfer or otherwise dispose of any equity interests in any Restricted Subsidiary owned by them, nor permit any Restricted Subsidiary to issue any equity interests of any class whatsoever to any Person (other than to any Loan Party). In the event that any such additional equity interests shall be issued by any Restricted Subsidiary,the Borrower or any other Subsidiary of MCC holding any equity interests in any Restricted Subsidiaryor the Borrower, the Borrower agrees forthwith to deliver (or cause to be delivered) to the Administrative Agent pursuant to the Security and Guarantee Agreement the certificates, if any, evidencing such equity interests, accompanied by undated powers executed in blank and shall take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Security and Guarantee Agreement. Each of MCC and the Borrower will not permit any of its Restricted Subsidiaries to enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, the incurrence or payment of Indebtedness, the granting of Liens, the declaration or payment of dividends, the making of loans, advances or Investments or the sale, assignment, transfer or other disposition of Property (other than customary restrictions on the assignability of contracts). Nothing in this Section shall be deemed to prohibit a Disposition of any Subsidiary of MCC or the Borrower to the extent that such Disposition is permitted under Section 6.01.

Certain Obligations Respecting Restricted Subsidiaries. Each of MCC and the Borrower will, and will cause each of its Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of MCC, the Borrower MCC and each of its Restrictedtheir respective Restricted Subsidiaries at all times own (subject only to the Lien of the Security and Guarantee Agreement) at least the same percentage of the outstanding equity interests (including stock) of each of its Restricted Subsidiaries as is owned on the date hereof. Without limiting the generality of the foregoing, none of MCC nor, the Borrower or nor any of its Restrictedtheir respective Restricted Subsidiaries shall sell, transfer or otherwise dispose of any equity interests in any Restricted Subsidiary owned by them, nor permit any Restricted Subsidiary to issue any equity interests of any class whatsoever to any Person (other than to any Loan PartyMCC or another Restricted Subsidiary). In the event that any such additional equity interests shall be issued by any Restricted Subsidiary,the Borrower , or any other Subsidiary of MCC holding any equity interests in any Restricted Subsidiaryor the BorrowerSubsidiary, the Borrower agrees forthwith to deliver (or cause to be delivered) to the Administrative Agent pursuant to the Security and Guarantee Agreement the certificates, if any, evidencing such equity interests, accompanied by undated powers executed in blank and shall take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Security and Guarantee Agreement. Each of MCC and the Borrower will not permit any of its Restricted Subsidiaries to enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, the incurrence or payment of Indebtedness, the granting of LiensLiens (other than Liens on Excluded Property), the declaration or payment of dividends, the Credit Agreement making of loans, advances or Investments or the sale, assignment, transfer or other disposition of Property (other than customary restrictions on the assignability of contracts). Nothing in this Section shall be deemed to prohibit a Disposition of any Subsidiary of MCC or the Borrower to the extent that such Disposition is permitted under Section 6.01.

Certain Obligations Respecting Restricted Subsidiaries. Each of MCC and the Borrower will, and will cause each of its Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of MCC, the Borrower MCC and each of its Restrictedtheir respective Restricted Subsidiaries at all times own (subject only to the Lien of the Security and Guarantee Agreement) at least the same percentage of the outstanding equity interests (including stock) of each of its Restricted Subsidiaries as is owned on the date hereof. Without limiting the generality of the foregoing, none of MCC nor, the Borrower or nor any of its Restrictedtheir respective Restricted Subsidiaries shall sell, transfer or otherwise dispose of any equity interests in any Restricted Subsidiary owned by them, nor permit any Restricted Subsidiary to issue any equity interests of any class whatsoever to any Person (other than to any Loan PartyMCC or another Restricted Subsidiary). In the event that any such additional equity interests shall be issued by any Restricted Subsidiary,the Borrower , or any other Subsidiary of MCC holding any equity interests in any Restricted Subsidiaryor the BorrowerSubsidiary, the Borrower agrees forthwith to deliver (or cause to be delivered) to the Administrative Agent pursuant to the Security and Guarantee Agreement the certificates, if any, evidencing such equity interests, accompanied by undated powers executed in blank and shall take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Security and Guarantee Agreement. Each of MCC and the Borrower will not permit any of its Restricted Subsidiaries to enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, the incurrence or payment of Indebtedness, the granting of Liens, the declaration or payment of dividends, the making of loans, advances or Investments or the sale, assignment, transfer or other disposition of Property (other than customary restrictions on the assignability of contracts). Nothing in this Section shall be deemed to prohibit a Disposition of any Subsidiary of MCC or the Borrower to the extent that such Disposition is permitted under Section 6.01.

Certain Obligations Respecting Restricted Subsidiaries. Each of MCC and the Borrower will, and will cause each of its Restricted Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of MCC, the Borrower MCC and each of its Restrictedtheir respective Restricted Subsidiaries at all times own Credit Agreement (subject only to the Lien of the Security and Guarantee Agreement) at least the same percentage of the outstanding equity interests (including stock) of each of its Restricted Subsidiaries as is owned on the date hereof. Without limiting the generality of the foregoing, none of MCC nor, the Borrower or nor any of its Restrictedtheir respective Restricted Subsidiaries shall sell, transfer or otherwise dispose of any equity interests in any Restricted Subsidiary owned by them, nor permit any Restricted Subsidiary to issue any equity interests of any class whatsoever to any Person (other than to any Loan PartyMCC or another Restricted Subsidiary). In the event that any such additional equity interests shall be issued by any Restricted Subsidiary,the Borrower , or any other Subsidiary of MCC holding any equity interests in any Restricted Subsidiaryor the BorrowerSubsidiary, the Borrower agrees forthwith to deliver (or cause to be delivered) to the Administrative Agent pursuant to the Security and Guarantee Agreement the certificates, if any, evidencing such equity interests, accompanied by undated powers executed in blank and shall take such other action as the Administrative Agent shall request to perfect the security interest created therein pursuant to the Security and Guarantee Agreement. Each of MCC and the Borrower will not permit any of its Restricted Subsidiaries to enter into, after the date of this Agreement, any indenture, agreement, instrument or other arrangement that, directly or indirectly, prohibits or restrains, or has the effect of prohibiting or restraining, or imposes materially adverse conditions upon, the incurrence or payment of Indebtedness, the granting of Liens, the declaration or payment of dividends, the making of loans, advances or Investments or the sale, assignment, transfer or other disposition of Property (other than customary restrictions on the assignability of contracts). Nothing in this Section shall be deemed to prohibit a Disposition of any Subsidiary of MCC or the Borrower to the extent that such Disposition is permitted under Section 6.01.