Common use of Ownership of Subsidiaries Clause in Contracts

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except (A) to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign SubsidiariesSubsidiaries and (B) other Persons holding Equity Interests in the PHC Joint Ventures, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests Capital Stock of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests Capital Stock of Foreign Subsidiaries, or (bii) permit any Subsidiary to issue or have outstanding any shares of preferred Equity InterestsCapital Stock or (iii) create, incur, assume or suffer to exist any Lien on any Capital Stock of any Subsidiary, except for Permitted Liens.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Company or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, and except in the case of a Permitted Repo Transaction, (a) permit any Person (other than the MLP Borrower or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Disqualified Equity Interests, except, in each case, to the extent set forth on Schedule 6.13.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Parent Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP a Borrower or any wholly-owned SubsidiaryWholly Owned Subsidiary of a Borrower) to own any Equity Interests of any Subsidiary of a Borrower, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, Subsidiaries or (bii) permit any Subsidiary of any Borrower to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Company or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, except to the extent permitted by Section 7.02 and pursuant to the Up-C Restructuring, (a) permit any Person (other than the MLP Borrower or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP any Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests Capital Stock of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests Capital Stock of Foreign Subsidiaries, or (bii) permit create, incur, assume or suffer to exist any Lien on any Capital Stock of any Subsidiary other than pursuant to issue or have outstanding any shares of preferred Equity Intereststhe Loan Documents.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, except to the extent permitted by Section 7.02, (a) permit any Person (other than HoldCo, the MLP Borrower or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP or any wholly-owned Subsidiarya Borrower) to own any Equity Interests of any Subsidiary Borrowing Base Entity, except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiarieslaw, or (b) permit any Subsidiary Borrowing Base Entity to issue or have outstanding any shares of preferred Equity InterestsInterests or (c) permit, create, incur, assume or suffer to exist any Lien on any Equity Interests constituting Pledged Interests other than as permitted pursuant to Section 7.01(b).

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP Company or any wholly-owned SubsidiaryWholly Owned Subsidiary of the Company) to own any Equity Interests of any Subsidiary of the Company, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, Subsidiaries or (b) permit any Subsidiary to issue or have outstanding any shares Table of preferred Equity Interests.Contents

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Holdings or any wholly-owned Wholly Owned Subsidiary) to directly or indirectly own any Equity Interests of any Subsidiary Subsidiary, except (i) as part of a Permitted Joint Venture and (ii) to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Company or any wholly-owned SubsidiaryWholly Owned Subsidiary of the Company) to own any Equity Interests of any Subsidiary of the Company (other than any Inactive Subsidiary), except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary (other than any Inactive Subsidiary) of the Company to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP or any wholly-owned SubsidiaryBorrower) to own any Equity Interests Capital Stock of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law Laws or to satisfy other requirements of applicable Law Laws with respect to the ownership of Equity Interests Capital Stock of Foreign Subsidiaries, or (bii) permit any Subsidiary to issue or have outstanding any shares of preferred Equity InterestsCapital Stock, (iii) create, incur, assume or suffer to exist any Lien on any Capital Stock of any Subsidiary other than pursuant to the Loan Documents.

Ownership of Subsidiaries. 317687440_5 - 2/8/2024 1:48:48 PM 317687440.5 Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign SubsidiariesSubsidiary, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP Borrower or any wholly-owned SubsidiaryWholly Owned Subsidiary of the Borrower) to own any Equity Interests of any Subsidiary of the Borrower, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, Subsidiaries or (bii) permit any Subsidiary of the Borrower to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Parent or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP a Loan Party or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Applicable Law or to satisfy other requirements of applicable Applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Holdings or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except (i) to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign SubsidiariesSubsidiaries or (ii) existing at the time of acquisition of such Subsidiary, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Company or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP Parent or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests Capital Stock of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests Capital Stock of Foreign Subsidiaries, or (bii) permit any Subsidiary to issue or have outstanding any shares of preferred Equity InterestsCapital Stock or (iii) create, incur, assume or suffer to exist any Lien on any Capital Stock of any Subsidiary, except for Permitted Liens.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (ai) permit any Person (other than the MLP or any wholly-owned SubsidiaryBorrower) to own any Equity Interests Capital Stock of any Subsidiary Subsidiary, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests Capital Stock of Foreign Subsidiaries, or (bii) permit any Subsidiary to issue or have outstanding any shares of preferred Equity InterestsCapital Stock, or (iii) create, incur, assume or suffer to exist any Lien on any Capital Stock of any Subsidiary other than pursuant to the Loan Documents.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Company or any wholly-owned SubsidiaryWholly Owned Subsidiary of the Company) to own any Equity Interests of any Subsidiary of the Company, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary of the Company to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Subsidiary Subsidiary, except (i) to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign SubsidiariesSubsidiaries and (ii) Investments permitted by Section 8.02(q), or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP Borrower or any wholly-owned Wholly Owned Subsidiary) to own any Equity Interests of any Domestic Subsidiary or any Material Foreign Subsidiary, except to qualify directors where required by applicable Law law or to satisfy other requirements of applicable Law law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than one or more of the MLP or any Borrowers and their wholly-owned SubsidiarySubsidiaries) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests.

Ownership of Subsidiaries. Notwithstanding any other provisions of this Agreement to the contrary, (a) permit any Person (other than the MLP or any wholly-owned Subsidiary) to own any Equity Interests of any Subsidiary except to qualify directors where required by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests of Foreign Subsidiaries, or (b) permit any Subsidiary to issue or have outstanding any shares of preferred Equity Interests, or (b) create, form, purchase or otherwise acquire any Foreign Subsidiary not owned on the Closing Date, or any Subsidiary whose only assets are entities not organized under the laws of any jurisdiction within the United States of America.