Certain Obligations Respecting Subsidiaries. Each Credit Party will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the percentage of the issued and outstanding shares of capital stock of any class or character owned by it in any Subsidiary on the date hereof is not at any time decreased, other than by reason of transfers to another Credit Party.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ufp Technologies Inc), Credit and Security Agreement (Ufp Technologies Inc)
Certain Obligations Respecting Subsidiaries. Each Credit Party will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the percentage of the issued and outstanding shares of capital stock Capital Stock of any class or character owned by it in any Subsidiary of its Subsidiaries on the date hereof Closing Date is not at any time decreased, other than by reason of transfers to another Credit Party.
Appears in 2 contracts
Samples: Credit and Security Agreement (Columbus McKinnon Corp), Credit and Security Agreement (Audubon West Inc)
Certain Obligations Respecting Subsidiaries. Each Credit Party will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that the percentage of the issued and outstanding shares of capital stock Capital Stock of any class or character owned by it any Grantor or other Applicable Credit Party in any Subsidiary on the date hereof is not at any time decreased, other than by reason of transfers to another Grantor or Applicable Credit Party.
Appears in 1 contract
Samples: Credit and Security Agreement (Gerber Scientific Inc)
