Common use of Issuance of Stock Clause in Contracts

Issuance of Stock. The Credit Parties shall not either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Facility Agreement (Hispanica International Delights of America, Inc.), Consent and Agreement (Bitzio, Inc.)

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Issuance of Stock. The Credit Parties shall not not, either directly or indirectly, issue or distribute any additional capital stock stock, membership interest or other securities (including any securities convertible or exercisable into capital stock or other securities) of any the Credit Party Parties without the prior written consent of Lender; , provided, however, notwithstanding anything to the contrary, the Borrower Credit Parties shall be permitted to issue and or distribute additional capital stock and stock, membership interest, or other securities without to the consent of the Lender if extent that such issuance and/or or distribution does not result in a Change in ControlControl of any Credit Party.

Appears in 2 contracts

Samples: Credit Facility Agreement (Oncologix Tech Inc.), Senior Secured Revolving Credit Facility Agreement (Encore Brands, Inc.)

Issuance of Stock. The Credit Parties shall not not, either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 2 contracts

Samples: Consent and Agreement (Pacific Ventures Group, Inc.), Senior Secured Credit Facility Agreement (Grow Solutions Holdings, Inc.)

Issuance of Stock. The Credit Parties shall not not, either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower shall be permitted to issue Lender and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result except in a Change in Controlaccordance with Schedule 9.6.

Appears in 2 contracts

Samples: Senior Secured Credit Facility Agreement (Vapor Hub International Inc.), Senior Secured Credit Facility Agreement (Vapor Hub International Inc.)

Issuance of Stock. The Credit Parties shall not not, either directly or indirectly, issue or distribute any additional capital stock stock, membership interest or other securities (including any securities convertible or exercisable into capital stock or other securities) of any the Credit Party Parties without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 2 contracts

Samples: Credit Facility Agreement (Green Innovations Ltd.), Senior Secured Revolving Credit Facility Agreement (Hypertension Diagnostics Inc /Mn)

Issuance of Stock. The Credit Parties shall not either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Facility Agreement (Staffing Group, Ltd.), Senior Secured Revolving Credit Facility Agreement (Pulse Network, Inc.)

Issuance of Stock. The Credit Parties shall not not, either directly or indirectly, issue or distribute any additional capital stock stock, membership interest or other securities (including any securities convertible of the Credit Parties which such issuance or exercisable into capital stock distribution would cause, either directly or other securities) indirectly, a Change of Control of any Credit Party Party, without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 1 contract

Samples: Secured Revolving Credit Facility Agreement (Comprehensive Care Corp)

Issuance of Stock. The Credit Parties shall not either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower Borrowers shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Intelligent Highway Solutions, Inc.)

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Issuance of Stock. The Credit Parties shall not not, either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Gei Global Energy Corp.)

Issuance of Stock. The Credit Parties shall not not, either directly or indirectly, issue or distribute any additional capital stock stock, membership interest or other securities (including any securities convertible or exercisable into capital stock or other securities) of any the Credit Party Parties without the prior written consent of Lender; , which shall not be unreasonably withheld, provided, however, notwithstanding anything to the contrary, the Borrower Credit Parties shall be permitted to issue and or distribute additional capital stock and stock, membership interest, or other securities without to the consent of the Lender if extent that such issuance and/or or distribution does not result in a Change in ControlControl of any Credit Party.

Appears in 1 contract

Samples: Credit Facility Agreement (Cd International Enterprises, Inc.)

Issuance of Stock. The Credit Parties shall not either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, provided however, notwithstanding anything to the contrary, the Borrower Credit Parties shall be permitted to issue and distribute additional capital stock and or other securities without securities, if following the consent issuance of the Lender if such issuance and/or distribution capital stock or other securities, there does not result in a Change in Control.

Appears in 1 contract

Samples: Secured Revolving Credit Facility Agreement (Pulse Beverage Corp)

Issuance of Stock. The Credit Parties shall not either directly or indirectly, issue or distribute any additional capital stock or other securities (including any securities convertible or exercisable into capital stock or other securities) of any Credit Party without the prior written consent of Lender; provided, however, notwithstanding anything to the contrary, the Borrower Credit Parties shall be permitted to issue and distribute additional capital stock and other securities without the consent of the Lender if such issuance and/or distribution does not result in a Change in Control.

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Artec Global Media, Inc.)

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