Capital Stock definition
Examples of Capital Stock in a sentence
Notwithstanding anything to the contrary contained herein, in no event shall any Loan Party make any Restricted Payment that consists of Material Intellectual Property, or that results in the transfer of ownership or exclusive license of any Material Intellectual Property or any Capital Stock of any Subsidiary that owns or exclusively licenses any Material Intellectual Property, to any Person that is not Borrower or a Guarantor Subsidiary.
The Capital Stock of each of Holdings and its Subsidiaries has been duly authorized and validly issued and is fully paid and (if applicable) non-assessable.
Notwithstanding the foregoing, in no event shall any Loan Party make any Investment that consists of Material Intellectual Property or that results in the transfer of ownership or exclusive license of any Material Intellectual Property or any Capital Stock of any Subsidiary that owns or exclusively licenses any Material Intellectual Property, to any Person that is not Borrower or a Guarantor Subsidiary.
The Capital Stock of each of Borrower and its Subsidiaries has been duly authorized and validly issued and is fully paid and non-assessable.
After giving effect to the Refinancing and the other transactions contemplated hereby, Holdings, Borrower, and its Subsidiaries shall have outstanding no Indebtedness or Disqualified Capital Stock other than the Obligations and obligations incurred pursuant to the Super Priority Loan Documents.