Common use of Transfer or Issuance of Shares Clause in Contracts

Transfer or Issuance of Shares. Issue or permit the transfer of any shares of the capital stock of the Borrower, or any options, warrants, convertible securities or other rights to purchase the Borrower's stock. The preceding sentence shall not apply to issuances or transfers to the Lender.

Transfer or Issuance of Shares. Issue Permit the issuance or permit the transfer of any shares of the capital stock of the Borrower, or any options, warrants, convertible securities or other rights to purchase the Borrower's stock. The preceding sentence shall not apply to issuances or (i) transfers to the Lender; (ii) transfers resulting from the death of the Shareholder; and (iii) transfers effected by the Shareholder with the prior written consent of the Lender (which shall not be unreasonably withheld), solely for estate planning purposes of the Shareholder.

Transfer or Issuance of Shares. Issue Permit the issuance or permit the transfer of any shares of the capital stock of the Borrower, or any options, warrants, convertible securities or other rights to purchase the Borrower's stockstock . The preceding sentence shall not apply to issuances or (i) transfers to the Lender; (ii) transfers resulting from the death of the Shareholders; and (iii) transfers effected by the Shareholders of the Borrower with the prior written consent of the Lender (which shall not be unreasonably withheld), solely for estate planning purposes of such Shareholders.

Transfer or Issuance of Shares. Issue or permit the transfer of any shares of the capital stock of the BorrowerBorrower or the Subsidiary, or any options, warrants, convertible securities or other rights to purchase the Borrower's or the Subsidiary's stock. The preceding sentence shall not apply to issuances or transfers to the Lender.

Transfer or Issuance of Shares. Issue or permit the transfer of any shares of the capital stock or other equity interests of the BorrowerBorrower or any subsidiary, or any options, warrants, convertible securities or other rights to purchase the Borrower's stock. The preceding sentence shall not apply to issuances or transfers any subsidiary's stock or other equity interests except pursuant to the LenderLoan Documents.