Common use of Disposal of Subsidiary Stock Clause in Contracts

Disposal of Subsidiary Stock. Except as permitted by subsection 6.7 and as contemplated by the Pledge Agreements, Company will not, (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities of (or warrants, rights or options to acquire shares or other securities of) such Subsidiary, except to Company, another Subsidiary of Company or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except as permitted by for any sale of any Regulatory Shares or 100% of the capital stock or other equity Securities of any of its Subsidiaries in compliance with the provisions of subsection 6.7 and as contemplated by the Pledge Agreements7.7(iv), Company will shall not,: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities Securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities equity Securities of any of its Subsidiaries (or warrants, rights or options to acquire shares or other securities of) including such Subsidiary), except to Company, another Subsidiary of Company Company, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except as permitted by for any sale of 100% of the capital stock or other equity Securities of any of its Restricted Subsidiaries in compliance with the provisions of subsection 6.7 and as contemplated by the Pledge Agreements7.7(v), Company will shall not,: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities Securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Restricted Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated Restricted Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities equity Securities of any of its Restricted Subsidiaries (or warrants, rights or options to acquire shares or other securities of) including such Restricted Subsidiary), except to Company, another Restricted Subsidiary of Company Company, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except as permitted by subsection 6.7 and as contemplated by except for Liens created pursuant to the Pledge AgreementsCollateral Documents, Company will not,: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities of (or warrants, rights or options to acquire shares or other securities of) such Subsidiaryitself or any of its Subsidiaries, except to Company, another wholly-owned Subsidiary of Company or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except as permitted by pursuant to the Collateral Documents and except for any sale of 100% of the capital stock or other equity Securities of any of its Subsidiaries in compliance with the provisions of subsection 6.7 and as contemplated by the Pledge Agreements7.7(iv), Company will shall not,: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities Securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities equity Securities of any of its Subsidiaries (or warrants, rights or options to acquire shares or other securities of) including such Subsidiary), except to Company, another Subsidiary of Company Company, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except as permitted by subsection 6.7 pursuant to the Collateral Documents and as contemplated by except for any sale of 100% of the Pledge Agreementscapital stock or other equity Securities of any of its Subsidiaries in compliance with the provisions of Section 7.7, Company will BHR shall not,: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock Capital Stock or other equity securities Securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Subsidiaries, except to qualify directors if required by applicable lawApplicable Law; or (ii) permit any of its Consolidated Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock Capital Stock or other securities equity Securities of any of its Subsidiaries (or warrants, rights or options to acquire shares or other securities of) including such Subsidiary), except to CompanyBHR, another Domestic Subsidiary of Company BHR, or to qualify directors if required by applicable lawApplicable Law.

Disposal of Subsidiary Stock. Except as permitted by for any sale of 100% of the capital stock or other equity Securities of any of their respective Subsidiaries in compliance with the provisions of subsection 6.7 and as contemplated by 7.7(vi), the Pledge Agreements, Company will Borrowers shall not,: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities Securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated their respective Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated their respective Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities equity Securities of any of their respective Subsidiaries (or warrants, rights or options to acquire shares or other securities of) including such Subsidiary), except to Companythe Borrowers, another Subsidiary of Company the Borrowers, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except as permitted by for any sale of 100% of the capital stock or other equity Securities of any of its Subsidiaries other than U.S. Dictaphone in compliance with the provisions of subsection 6.7 and as contemplated by the Pledge Agreements7.7(vii), Company will shall not,: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities Securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities equity Securities of any of its Subsidiaries (or warrants, rights or options to acquire shares or other securities of) including such Subsidiary), except to Company, another Subsidiary of Company Company, or to qualify directors if required by applicable law.

Disposal of Subsidiary Stock. Except as permitted by for any sale of 100% of the capital stock or other equity Securities of any of its Subsidiaries in compliance with the provisions of subsection 6.7 and as contemplated by the Pledge Agreements7.7(v), neither Holdings nor Company will not,shall: (i) directly or indirectly sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other equity securities Securities of (or warrants, rights or options to acquire shares or other equity securities of) any of its Consolidated Subsidiaries, except to qualify directors if required by applicable law; or (ii) permit any of its Consolidated Subsidiaries directly or indirectly to sell, assign, pledge or otherwise encumber or dispose of any shares of capital stock or other securities equity Securities of any of its Subsidiaries (or warrants, rights or options to acquire shares or other securities of) including such Subsidiary), except to Company, another Subsidiary of Company Company, or to qualify directors if required by applicable law.