Subsidiary Stock. Each share of Subsidiary Stock issued and outstanding immediately before the Effective Date of the Merger and held by Parent shall be canceled without any consideration being issued or paid therefor.
Subsidiary Stock. All of the right, title and interest of Seller in, to and under the issued and outstanding shares of capital stock (the "Acquired Shares") of the subsidiaries of Seller set forth on Schedule 1(a)(xv) (the "Subsidiaries");
Subsidiary Stock. The creation, establishment or acquisition of any Subsidiary or the issuance by or to any Credit Party of any Stock or Stock Equivalent; and
Subsidiary Stock. The Borrower will not permit any of its ---------------- Subsidiaries directly or indirectly to issue, sell, assign, pledge or otherwise encumber or dispose of any shares of its capital stock or other securities (or warrants, rights or options to acquire shares or other equity securities) of such Subsidiary, except, to the extent permitted by Section 8.06, to the ------------ Borrower or to qualify directors if required by applicable law.
Subsidiary Stock. Except for any sale of 100% of the Capital Stock or other equity securities of any of the Company's Subsidiaries in compliance with the provisions of Section 6.7, the Company will not and will not permit any of its Subsidiaries to 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 (i) to qualify directors if required by applicable law, (ii) to the Company or to a Wholly-Owned Subsidiary of the Company, (iii) Asset Sales made in compliance with this Agreement or (iv) Liens in favor of the lenders under the Senior Credit Facility.
Subsidiary Stock. At the Effective Time, each share of capital stock of Subsidiary issued and outstanding immediately prior to the Effective Time shall, by virtue of the Merger and without any action on the part of Subsidiary or the holders of such shares, be converted into one share of common stock of the Surviving Corporation.
Subsidiary Stock. Agent shall have received evidence that all issued and outstanding capital stock of each of Borrower's Subsidiaries shall be owned by Borrower or one or more of Borrower's Subsidiaries.
Subsidiary Stock. The Borrower shall not permit any of its Subsidiaries to issue any additional shares of its capital stock or other equity securities, any options therefor or any securities convertible thereto other than to the Borrower. Neither the Borrower nor any of its Subsidiaries shall sell, transfer or otherwise dispose of any of the capital stock or other equity securities of a Subsidiary, except to the Borrower or any of its wholly-owned Subsidiaries.
Subsidiary Stock. Permit any of its Subsidiaries to ---------------- issue any capital stock (including by way of sales of treasury stock) or any options or warrants to purchase, or securities convertible into, capital stock, except (i) for transfers and replacements of then outstanding shares of capital stock, (ii) for stock splits, stock dividends and additional issuances which do not decrease the percentage ownership of the Borrower or any of its Subsidiaries in any class of the capital stock of such Subsidiaries, (iii) to qualified directors to the extent required by applicable law and (iv) Subsidiaries formed after the Effective Date may issue capital stock or other Equity Ownership Interests to any Person so long as the Investments by the Borrower and its Subsidiaries in such Subsidiaries are in accordance with the requirements of Section 6.06(e). All capital stock issued in accordance with this Section 6.14 other than capital stock issued by a Special Purpose Subsidiary shall, to the extent required by the Guaranty and Collateral Agreement, be delivered to the Collateral Agent for pledge pursuant to the Guarantee and Collateral Agreement.
Subsidiary Stock. As of the Effective Time, all of the issued and outstanding shares of Subsidiary common stock shall be converted into 1,000 shares of Net400 Common Stock.
