Maintenance of Ownership of Subsidiaries. Create any subsidiary that is not a Wholly-Owned Subsidiary, sell or otherwise dispose of any shares of capital stock of any Subsidiary, or permit any Subsidiary to merge or consolidate with, transfer assets to, issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary to, any other Person, except to the Company or a Wholly-Owned Subsidiary.
Appears in 3 contracts
Samples: Convertible Preferred Stock Purchase Agreement (Sitara Networks Inc), Convertible Preferred Stock Purchase Agreement (Sitara Networks Inc), Sitara Networks Inc
Maintenance of Ownership of Subsidiaries. Create any subsidiary Subsidiary that is not a Wholly-Owned Subsidiary, sell or otherwise dispose of any shares of capital stock of any Subsidiary, or permit any Subsidiary to merge or consolidate with, transfer its assets to, issue, sell or otherwise dispose of any shares of its capital stock or the capital stock of any Subsidiary to, any other Person, except to the Company or a Wholly-Owned Subsidiary.
Appears in 1 contract
Samples: Convertible Preferred Stock Purchase Agreement (Net Genesis Corp)
