Principal Subsidiaries. (a) Fail to own, directly or indirectly, all of the outstanding shares of common stock of each of the Principal Subsidiaries or (b) create, incur, assume or suffer to exist any Lien upon any shares of common stock of any Principal Subsidiary owned by the Company or any of its Subsidiaries except Liens of the nature referred to in clauses (a), (f), (j) and (k) of subsection 7.2.
Appears in 2 contracts
Sources: Credit Agreement (Panhandle Eastern Corp Et Al), Credit Agreement (Panhandle Eastern Corp Et Al)