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

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

Appears in 2 contracts

Sources: Indenture (Manitowoc Co Inc), Indenture (Manitowoc Co Inc)

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

Appears in 2 contracts

Sources: Indenture (Manitowoc Foodservice, Inc.), Indenture (Manitowoc Co Inc)

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

Appears in 1 contract

Sources: Indenture (Superior Essex Inc)

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

Appears in 1 contract

Sources: Indenture (Decora Industries Inc)

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

Appears in 1 contract

Sources: Indenture (Manitowoc Co Inc)