Common use of Ownership of Subsidiary Stock Clause in Contracts

Ownership of Subsidiary Stock. The Company shall not have any Subsidiary that is not a wholly owned Subsidiary other than Subsidiaries for which either (a) the Required Holders have provided their written consent, which may not be unreasonably withheld or (b) the Board of Directors, with the affirmative vote of the Preferred Directors, has provided its prior written consent.

Ownership of Subsidiary Stock. The Company shall not have any Subsidiary that is not a wholly owned Subsidiary other than Subsidiaries for which either (a) the Required Holders have provided their written consent, which may not be unreasonably withheld or (b) the Board of Directors, with the affirmative vote of the Preferred Directors, has provided its prior written consentwithheld.