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Limitation on Issuance and Sale of Capital Stock of a Restricted Subsidiary

Description: In corporate finance agreements the lenders will want to protect against structural subordination, which may be accomplished in a number of ways. This clause places limitations on the issuance of capital stock of a company's restricted subsidiaries.
Form Type: Clauses
Practice Area: Corporate & Securities

Date: Nov 2014
PLI Item #: 127744
Keywords: "capital stock"; "restricted subsidiary"; "corporate finance"; issuance; sale; "wholly-owned subsidiary"
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