Subsidiary Stock. Each share of Subsidiary Stock issued and outstanding immediately before the Effective Date and held by Parent shall be canceled without any consideration being issued or paid therefor.
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 the Guarantors 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 the Guarantors, 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, (iv) Liens in favor of the lenders under the Senior Credit Facility and (v) the formation of and contribution to the LLCs.
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. Borrower shall not permit any of its ---------------- Subsidiaries to, at any time, issue, sell, assign or otherwise dispose of (a) any of its capital stock, (b) any securities exchangeable for or convertible into or carrying any rights to acquire any of its capital stock, or (c) any option, warrant, or other right to acquire any of its capital stock, except, in each case, to Borrower or a wholly-owned Subsidiary of Borrower.
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. 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. 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. As of the Effective Time, all of the issued and outstanding shares of Subsidiary common stock shall be converted into 1,000 shares of S.A.F.E.
Subsidiary Stock. (a) The Company shall not, without the prior written consent of the holders of a majority of the shares of Series A Preferred Stock, (a) create, designate, or authorize the issuance of, any series of stock of its Subsidiary or Mediatech, Inc. or (b) spin off the assets or the shares of the Common Stock of its Subsidiary or Mediatech, Inc.
