Common use of Disposal of Subsidiary Stock Clause in Contracts

Disposal of Subsidiary Stock. Except for any sale of any Regulatory Shares or all of the Capital Stock of a Subsidiary owned by the Borrower or its Subsidiaries, in each case in compliance with the provisions of Section 6.03 hereof, Borrower shall not directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries, except to qualify directors if required by applicable law; or permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries (including such Subsidiary), except to Borrower, a Subsidiary Loan Party, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except for (x) any sale of any Regulatory Shares pledge or all encumbrance of the Capital Stock of a Subsidiary owned by any of its Subsidiaries required under this Agreement and the Borrower or applicable Collateral Documents and (y) any sale of 100% of the Capital Stock of any of its Subsidiaries, in each case Subsidiaries in compliance with the provisions of Section 6.03 hereofsubsection 7.7(i), Borrower shall not directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries, except to qualify directors if required by applicable law; or permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries (including such Subsidiary), except to Borrower, another wholly owned Subsidiary of Borrower that is a Subsidiary Loan PartyGuarantor, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except for any sale of any Regulatory Shares or all of the Capital Stock of a Subsidiary owned by the Borrower or its Subsidiaries, in each case in compliance with the provisions of Section 6.03 9.3 hereof, Borrower shall not directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries, except to qualify directors if required by applicable law; or permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries (including such Subsidiary), except to Borrower, a Subsidiary Loan PartyGuarantor, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except for any sale of any Regulatory Shares or all 100% of the Capital Stock of a Subsidiary owned by the Borrower or any of its Subsidiaries, in each case Subsidiaries in compliance with the provisions of Section 6.03 hereofclauses (i), (iv), (vi) and (vii) of subsection 7.7, Borrower shall not directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries, except to qualify directors if required by applicable law; or permit any of its Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of Capital Stock or other equity securities of any of its Subsidiaries (including such Subsidiary), except to Borrower, another wholly owned Domestic Subsidiary of Borrower that is a Subsidiary Loan PartyGuarantor, or to qualify directors if required by applicable law.