Common use of Transfers of Subsidiary Stock Clause in Contracts

Transfers of Subsidiary Stock. The Company will not, and will not permit any Restricted Subsidiary to, Transfer any shares of the stock (or any warrants, rights or options to purchase stock or other Securities exchangeable for or convertible into stock) of a Restricted Subsidiary (such stock, warrants, rights, options and other Securities herein called "Restricted Subsidiary Stock"), nor will any Restricted Subsidiary issue, sell or otherwise dispose of any shares of its own Restricted Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 2 contracts

Samples: Note Purchase Agreement (Credit Acceptance Corporation), Credit Acceptance Agreement (Credit Acceptance Corporation)

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Transfers of Subsidiary Stock. The Company will not, and will not permit any Restricted Subsidiary to, Transfer any shares of the stock (or any warrants, rights or options to purchase stock or other Securities exchangeable for or convertible into stock) of a Restricted Subsidiary (such stock, warrants, rights, options and other Securities herein called "Restricted Subsidiary StockRESTRICTED SUBSIDIARY STOCK"), nor will any Restricted Subsidiary issue, sell or otherwise dispose of any shares of its own Restricted Subsidiary Stock, provided PROVIDED that the foregoing restrictions do not apply to:

Appears in 2 contracts

Samples: Amendment Agreement (Recoton Corp), Amendment Agreement (Recoton Corp)

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Transfers of Subsidiary Stock. The Company will not, and nor will not it permit any Restricted Subsidiary to, Transfer (including, without limitation, any Transfer by means of a merger or consolidation) any shares of the stock (or any warrants, rights or options to purchase stock or other Securities securities exchangeable for or convertible into stock) of a Restricted Subsidiary (such stock, warrants, rights, options and other Securities securities herein called "Restricted Subsidiary StockSUBSIDIARY STOCK"), nor will any Restricted Subsidiary issue, sell or otherwise dispose of any shares of its own Restricted Subsidiary Stock, provided that the foregoing restrictions do not apply to:

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Hutchinson Products Corp)

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