Common use of Actions of Subsidiaries Clause in Contracts

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.

Appears in 2 contracts

Samples: Letter Agreement (Province Healthcare Co), Purchase Agreement (Province Healthcare Co)

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Actions of Subsidiaries. Except to the extent disclosed in the Offering MemorandumProspectus, each of the hospitals described in the Offering Memorandum 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 80% of the outstanding ownership interests. Except as disclosed in the Offering MemorandumProspectus, 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.

Appears in 1 contract

Samples: Province Healthcare Co

Actions of Subsidiaries. Except to the extent disclosed in ----------------------- the Offering MemorandumProspectus, each of the hospitals described in the Offering Memorandum 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 8050% of the outstanding ownership interests. Except as disclosed in the Offering MemorandumProspectus, there are no consensual 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.

Appears in 1 contract

Samples: Universal Health Services Inc

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 8050% of the outstanding ownership interests. Except as disclosed in the Offering Memorandum, there are no consensual 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.

Appears in 1 contract

Samples: Purchase Agreement (Universal Health Services Inc)

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Actions of Subsidiaries. Except to the extent disclosed in the Offering MemorandumProspectus, each of the hospitals described in the Offering Memorandum 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 80% of the outstanding ownership interests. Except as disclosed in the Offering MemorandumProspectus, there are no encumbrances or restrictions on the ability of any Subsidiary (iA) 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, (iiB) to make any loans or advances to, or investments in, the Company or any other Subsidiary, Subsidiary or (iiiC) to transfer any of its property or assets to the Company or any other Subsidiary.

Appears in 1 contract

Samples: Purchase Agreement (Province Healthcare Co)

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