Common use of Ownership of Subsidiary Stock Clause in Contracts

Ownership of Subsidiary Stock. The Company will not, nor will it permit any Subsidiary to, create, form or acquire any Subsidiaries, except for Domestic Subsidiaries which are joined as additional Loan Parties in accordance with the terms hereof. The Company will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its Subsidiaries, nor will it permit any of its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except in a transaction permitted by subsection 7.7.