Common use of Limitation on Preferred Stock of Restricted Subsidiaries Clause in Contracts

Limitation on Preferred Stock of Restricted Subsidiaries. The Company will not permit any of its Restricted Subsidiaries that are not Guarantors of the Securities to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company that is not a Guarantor of the Securities.

Appears in 6 contracts

Sources: Indenture (Scientific Games Corp), Indenture (Scientific Games Corp), Note Agreement (Casual Male Retail Group Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Company will not permit any of its the Restricted Subsidiaries that are not Guarantors of the Securities to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the CompanySubsidiary) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the CompanySubsidiary) to own any Preferred Stock of any Restricted Subsidiary of the Company that is not a Guarantor of the SecuritiesSubsidiary.

Appears in 2 contracts

Sources: Indenture (Simonds Industries Inc), Indenture (General Automation Inc/Il)

Limitation on Preferred Stock of Restricted Subsidiaries. The Company will shall not permit any of its Restricted Subsidiaries that are is not Guarantors of the Securities a Guarantor to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company that is not a Guarantor of the SecuritiesGuarantor.

Appears in 2 contracts

Sources: Indenture (Dan River Inc /Ga/), Indenture (Kimberton Enterprises Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. 63- The Company will not permit any of its Restricted Subsidiaries that are not Guarantors of the Securities to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company that is not a Guarantor of the Securities.Guarantor. V.ARTICLE V.

Appears in 1 contract

Sources: Indenture (Commemorative Brands Inc)

Limitation on Preferred Stock of Restricted Subsidiaries. The Company will not permit any of its Restricted Subsidiaries that are not Guarantors of the Securities to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company that is not a Guarantor Guarantor, other than Permitted Subsidiary Preferred Stock. The provisions of this Section 4.18 will not apply to any of the SecuritiesGuarantors.

Appears in 1 contract

Sources: Indenture (Symons Corp)