Common use of Ownership of Subsidiaries; Restrictions Clause in Contracts

Ownership of Subsidiaries; Restrictions. The Borrower will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof. The Borrower will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it permit any of its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.5.

Appears in 5 contracts

Samples: Credit Agreement (TTM Technologies Inc), Credit Agreement (TTM Technologies Inc), Credit Agreement (Integrated Defense Technologies Inc)

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Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests Equity Interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interestsEquity Interests, except in a transaction permitted by Section 6.56.4.

Appears in 5 contracts

Samples: Credit Agreement (Carrols Restaurant Group, Inc.), Credit Agreement (Infospace Inc), Credit Agreement (Carrols Restaurant Group, Inc.)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock Equity Interest or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock Equity Interest or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 4 contracts

Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Restricted Subsidiary to, create, form or acquire any Subsidiaries, except for Unrestricted Subsidiaries and Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Restricted Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 4 contracts

Samples: Agency Succession and Amendment Agreement (GateHouse Media, Inc.), Secured Bridge Credit Agreement (GateHouse Media, Inc.), Credit Agreement (GateHouse Media, Inc.)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for (i) Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereofhereof and (ii) Foreign Subsidiaries. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock Equity Interest or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock Equity Interest or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 3 contracts

Samples: Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc), Credit Agreement (Osi Systems Inc)

Ownership of Subsidiaries; Restrictions. The Borrower will not, nor and will it not permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereofwholly-owned Subsidiaries. The Borrower will not, and will not permit any Subsidiary to, sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it it, or permit any of its Subsidiaries to Subsidiary to, issue, sell, transfer, pledge or otherwise dispose of any of their its Capital Stock or other equity interests, except in as required by the Credit Documents or pursuant to a transaction permitted by Section 6.56.5(a)(iv).

Appears in 2 contracts

Samples: Credit and Security Agreement (Sun Hydraulics Corp), Credit and Security Agreement (Sun Hydraulics Corp)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries (other than ESI) to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 2 contracts

Samples: Credit Agreement (American Pacific Corp), Credit Agreement (American Pacific Corp)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.5.

Appears in 2 contracts

Samples: Credit Agreement (Lower Road Associates LLC), Credit Agreement (Lower Road Associates LLC)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which and Material Foreign Subsidiaries that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock Equity Interest or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock Equity Interest or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 2 contracts

Samples: Credit Agreement (Checkpoint Systems Inc), Credit Agreement (Checkpoint Systems Inc)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with to the terms hereofextent required by Section 5.10 and Foreign Subsidiaries. The Borrower Subject to Section 9.21, the Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 2 contracts

Samples: Credit Agreement (Lionbridge Technologies Inc /De/), Credit Agreement (Lionbridge Technologies Inc /De/)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereofhereof and Foreign Subsidiaries. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their Subsidiaries, nor will it they permit any of its they Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 1 contract

Samples: Credit Agreement (Newark Group Inc)

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Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Restricted Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests Equity Interests in any of its their Subsidiaries, nor will it they permit any of its their Restricted Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interestsEquity Interests, except in a transaction permitted by Section 6.56.4.

Appears in 1 contract

Samples: Credit Agreement (Carrols Restaurant Group, Inc.)

Ownership of Subsidiaries; Restrictions. Section 6.7 The Borrower Credit Parties will not, nor will it they permit any Restricted Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests Equity Interests in any of its their Subsidiaries, nor will it they permit any of its their Restricted Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interestsEquity Interests, except in a transaction permitted by Section 6.56.4.

Appears in 1 contract

Samples: Credit Agreement (Carrols Restaurant Group, Inc.)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.56.4.

Appears in 1 contract

Samples: Credit Agreement (New Century Transportation, Inc.)

Ownership of Subsidiaries; Restrictions. The Borrower Loan Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which that are joined as Additional Credit Loan Parties in accordance with as required by the terms hereof. The Borrower Loan Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests Equity Interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interestsEquity Interests, except in a transaction permitted by Section 6.56.04.

Appears in 1 contract

Samples: Credit Agreement (Fiesta Restaurant Group, Inc.)

Ownership of Subsidiaries; Restrictions. The Borrower Company will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which are joined as Additional Credit Parties in accordance with the terms hereof. The Borrower Company will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it permit any of its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.5.

Appears in 1 contract

Samples: Credit Agreement (Racing Champions Corp)

Ownership of Subsidiaries; Restrictions. The Borrower Credit Parties will not, nor will it they permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which (other than Transitional Subsidiaries) that are joined as Additional Credit Parties in accordance with as required by the terms hereof. The Borrower Credit Parties will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its their Subsidiaries, nor will it they permit any of its their Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by Section 6.57.4.

Appears in 1 contract

Samples: Credit Agreement (Horizon Lines, Inc.)

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