Actions of Subsidiaries. Except to the extent disclosed in the Offering Memorandum, each of the hospitals described in the Offering Memorandum as owned or leased by the Company is owned or leased and operated by a Subsidiary in which the Company directly or indirectly owns at least 80% of the outstanding ownership interests. Except as disclosed in the Offering Memorandum, there are no encumbrances or restrictions on the ability of any Subsidiary (i) to pay any dividends or make any distributions on such Corporate Subsidiary's capital stock, such Partnership's partnership interests or such LLC's membership interests or to pay any indebtedness owed to the Company or any other Subsidiary, (ii) to make any loans or advances to, or investments in, the Company or any other Subsidiary, or (iii) to transfer any of its property or assets to the Company or any other Subsidiary.
Actions of Subsidiaries. The Company shall not permit any subsidiary of the Company to take any action that (i) if taken by the Company, would require the approval of the Board or a Member, or (ii) would require the approval of the board of directors or other governing body or person of such subsidiary, unless such action by such subsidiary has been approved by the Board or such Member in accordance with the terms of this Agreement.
Actions of Subsidiaries. Except to the extent disclosed in the Disclosure Package and the Prospectus, each of the hospitals described in the Disclosure Package and the Prospectus as owned or leased by the Company is owned or leased and operated by a subsidiary in which the Company directly or indirectly owns at least 50% of the outstanding ownership interests. Except as disclosed in the Disclosure Package and the Prospectus, there are no consensual encumbrances or restrictions on the ability of any Significant Subsidiary (i) to pay any dividends or make any distributions on such Significant Subsidiary capital stock, partnership interests or membership interests, as the case may be, or to pay any indebtedness owed to the Company or any other Significant Subsidiary, (ii) to make any loans or advances to, or investments in, the Company or any other Significant Subsidiary, or (iii) to transfer any of its property or assets to the Company or any other Significant Subsidiary.
Actions of Subsidiaries. The Company shall require that each of its Subsidiaries be governed by governing documents or other policies that prohibit such Subsidiary from taking action in violation of the rights of Members as set forth in this Agreement.
Actions of Subsidiaries. 7 (xii) Capitalization; Authorization of Conversion Shares.......................7 (xiii) Authorization of Agreement...............................................8 (xiv) Authorization of the Registration Rights Agreement.......................8 (xv) Authorization of the Indenture...........................................8 (xvi) Authorization of the Notes...............................................8 (xvii) Description of the Registration Rights Agreement, the Notes, the Conversion Shares and the Indenture......................................9 (xviii) Absence of Defaults and Conflicts........................................9 (xix) Absence of Labor Dispute................................................10 (xx) Absence of Proceedings..................................................10 (xxi) Possession of Intellectual Property.....................................10 (xxii) Absence of Further Requirements.........................................10 (xxiii) Possession of Licenses and Permits......................................11 (xxiv) Accounts Receivable.....................................................11 (xxv) Actions with Respect to Medicare and Medicaid...........................12 (xxvi) Regulatory Filings......................................................12 (xxvii) Title to Property.......................................................13 (xxviii) Investment Company Act..................................................13 (xxix) Environmental Laws......................................................13 (xxx) Insurance...............................................................14 (xxxi) Registration Rights.....................................................14 (xxxii) Internal Accounting Controls............................................14 (xxxiii)
