Book Publication Date:
Nov 2014 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. Type: Contract Clauses
PLI Item #: 127744
Practice Area: Corporate & Securities
Keywords: "capital stock"; "restricted subsidiary"; "corporate finance"; issuance; sale; "wholly-owned subsidiary"