Common use of Ownership of Stock of Subsidiaries Clause in Contracts

Ownership of Stock of Subsidiaries. Holdings shall at all times maintain, or cause each Subsidiary to maintain, ownership of all of each class of Voting Stock of, and all other equity securities in, each Person that, as of the Issue Date was a Subsidiary of Holdings, to the extent the same is included in the Collateral, except any Subsidiary that shall be disposed of in its entirety, or consolidated or merged with or into Holdings or another Subsidiary, in each case in accordance with Article Eight. Such stock will be subject to a first priority fully perfected security interest in favor of the Trustee.