Common use of Limitation on Issuance of Equity Interests Clause in Contracts

Limitation on Issuance of Equity Interests. (a) The Borrower will not issue (directly or indirectly through an increase in the liquidation value) (i) any Preferred Equity (other than Designated Preferred Stock and Disqualified Preferred Stock issued pursuant to clause (c) below and Qualified Preferred Stock) or (ii) any redeemable common stock or other redeemable common Equity Interests other than common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of the Borrower.

Appears in 5 contracts

Samples: Credit Agreement (Radio One, Inc.), Credit Agreement (Radio One, Inc.), Credit Agreement (Urban One, Inc.)

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Limitation on Issuance of Equity Interests. (a) The Borrower will not, and will not permit any of its Subsidiaries to, issue (directly or indirectly through an increase in the liquidation value) (i) any Preferred Equity (other than Designated Qualified Preferred Stock and Disqualified Preferred Stock issued pursuant to clause (c) below and Qualified Preferred Stockof the Borrower) or (ii) any redeemable common stock or other redeemable common Equity Interests other than common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of the BorrowerBorrower or such Subsidiary, as the case may be.

Appears in 2 contracts

Samples: Exit Credit Agreement (Lee Enterprises, Inc), Second Lien Loan Agreement (Lee Enterprises, Inc)

Limitation on Issuance of Equity Interests. (a) The Borrower will not, and will not permit any of its Subsidiaries to, issue (directly or indirectly through an increase in the liquidation value) (i) any Preferred Equity (other than Designated Preferred Stock and Disqualified Preferred Stock issued pursuant to clause (c) below and Qualified Preferred Stock) or (ii) any redeemable common stock or other redeemable common Equity Interests (other than common stock or other redeemable common Equity Interests that is are or are redeemable at the sole option of the BorrowerBorrower or such Subsidiary, as the case may be).

Appears in 2 contracts

Samples: Credit Agreement (Shuffle Master Inc), Credit Agreement (Shuffle Master Inc)

Limitation on Issuance of Equity Interests. (a) The Borrower will not, and will not permit any of its Restricted Subsidiaries to, issue (directly or indirectly through an increase in the liquidation value) (i) any Preferred Equity (preferred stock or other preferred equity interests other than Designated Qualified Preferred Stock and Disqualified Preferred Stock issued pursuant to clause (c) below and Qualified Preferred Stock) of the Borrower or (ii) any redeemable common stock or other redeemable common Equity Interests equity interests other than common stock or other redeemable common Equity Interests equity interests that is or are redeemable at the sole option of the BorrowerBorrower or such Restricted Subsidiary, as the case may be.

Appears in 2 contracts

Samples: Security Agreement (Manitowoc Foodservice, Inc.), Security Agreement (Manitowoc Foodservice, Inc.)

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Limitation on Issuance of Equity Interests. (a) The Borrower will not, and will not permit any of its Subsidiaries to, issue (directly or indirectly through an increase in the liquidation value) (i) any Preferred Equity (other than Designated Qualified Preferred Stock and Disqualified Preferred Stock of the Borrower issued pursuant to clause (c) below and Qualified Preferred Stockbelow) or (ii) any redeemable common stock or other redeemable common Equity Interests other than common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of the BorrowerBorrower or such Subsidiary, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (Lee Enterprises Inc), Credit Agreement (Lee Enterprises, Inc)

Limitation on Issuance of Equity Interests. (a) The Borrower will not, and will not permit any of its Subsidiaries to, issue (directly or indirectly through an increase in the liquidation value) (i) any Preferred Equity (other than Designated issuance by the Borrower of Qualified Preferred Stock and Disqualified Preferred Stock issued pursuant to clause (c) below and Qualified Preferred Stock) or (ii) any redeemable common stock or other redeemable common Equity Interests other than redeemable common stock or other redeemable common Equity Interests that is or are redeemable at the sole option of the BorrowerBorrower or such Subsidiary, as the case may be.

Appears in 2 contracts

Samples: Credit Agreement (NightHawk Radiology Holdings Inc), Credit Agreement (NightHawk Radiology Holdings Inc)

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