ISSUANCES AND SALES OF CAPITAL STOCK OF RESTRICTED SUBSIDIARIES. The Parent (i) shall not, and shall not permit any Restricted Subsidiary to, transfer, convey, sell or otherwise dispose of any Capital Stock of any Restricted Subsidiary to any Person (other than the Parent or a Restricted Subsidiary) and (ii) shall not permit any Restricted Subsidiary to issue any of its Equity Interests to any Person other than to the Parent or a Restricted Subsidiary (except, in the case of both clauses (i) and (ii) above, as required in the manner described in clause (b) under the definition of Wholly Owned Restricted Subsidiary, provided that the business and management of the Restricted Subsidiary is, by contract or otherwise, controlled by the Parent), unless:
Appears in 4 contracts
Samples: Indenture (CGG Marine B.V.), Indenture (CGG Marine B.V.), Indenture (CGG)
