Assets of Subsidiaries. The aggregate fair salable value of ---------------------- tangible assets of all of Borrower's Other Subsidiaries does not exceed $5,000,000.
Assets of Subsidiaries. The Partnership shall not transfer any Key Assets to the Subsidiaries or to any entity which owns the Circle C Property and is liable for the obligations under the TCB Credit Agreement, or permit the Subsidiaries or any entity which owns the Circle C Property and is liable for the obligations under the TCB Credit Agreement, collectively, to own or hold any assets at any time other than (i) those assets owned by the Subsidiaries and any entity which owns the Circle C Property and is liable for the obligations under the TCB Credit Agreement, on the Closing Date and (ii) provided that such investments and transactions involve assets other than Key Assets, investments permitted by Sections 4.2(e)(C) or (D) and transactions permitted by Section 4.5.
Assets of Subsidiaries. The payment and performance of the Note and all of the other Obligations hereunder and under the Loan Documents shall be secured by a first and superior Lien (subject only to Permitted Liens) against all of the assets (other than Excluded Property) of each Subsidiary other than Inactive Subsidiaries pursuant to the terms of one or more Security Agreements, Mortgages, First Preferred Ship Mortgages, Assignments of Insurances, Aircraft Security Agreements, and other appropriate Collateral Documents. Upon Lender’s request, such Subsidiaries will, with respect to deposit accounts and investment property held with a financial intermediary other than Lender, cause such financial intermediary to enter into a control agreement with Lender in form and substance satisfactory to Lender.
Assets of Subsidiaries. As of the applicable Closing Date, no Subsidiary of the Issuer (other than a Guarantor (as will be defined in the Indenture) or a New Grantor (as will be defined in the Collateral Agreement) (a) has any material operations, (b) holds any Intellectual Property or (c) holds any cash or other assets in excess of $250,000, in each case other than as set forth on Schedule 5.40.
Assets of Subsidiaries. The Partnership shall not transfer any Key Assets to the Subsidiaries or permit the Subsidiaries, collectively, to own or hold any assets at any time other than (i) those assets owned by the Subsidiaries on the Closing Date, (ii) investments permitted by Section 4.2(e)(D) and (iii) assets acquired from the TCB Borrower as permitted by Section 4.2(g)(ii).
Assets of Subsidiaries. Borrower represents and warrants that none of its United States and Canadian subsidiaries, other than Marcam Canada Corporation, has assets in excess of $500,000 (except that Avantis Holding Corporation has assets in excess of $500,000 only because it owns the stock of Marcam Canada Corporation).
Assets of Subsidiaries. Without the consent of the Purchaser Representative, permit the aggregate net book value (as determined in accordance with GAAP) of all Subsidiaries that are not a Significant Subsidiary (the “Covered Subsidiaries”) to exceed $2,000,000 in aggregate for any fiscal quarter.
Assets of Subsidiaries. Neither CQ Holdings nor CITL Holdings owns any assets relating to the Business of Sellers, other than the capital stock of CITL Holdings and CQ UK, respectively.
Assets of Subsidiaries. The payment and performance of the Secured Obligations shall be secured by a first and superior Lien (subject only to Permitted Liens) against all of the assets (other than Excluded Property) of each Subsidiary other than Unrestricted Subsidiaries or Inactive Subsidiaries pursuant to the terms of one or more Security Agreements, Mortgages, First Preferred Ship Mortgages, Assignments of Insurances, Aircraft Security Agreements, and other appropriate Collateral Documents. Upon the Administrative Agent’s request, such Subsidiaries will, with respect to deposit accounts and investment property that is not Excluded Property held with a financial intermediary other than the Administrative Agent, cause such financial intermediary to enter into a control agreement with the Administrative Agent in form and substance satisfactory to the Administrative Agent.
Assets of Subsidiaries. No direct or indirect Subsidiary of the Borrower has assets, the aggregate value of which exceeds $100,000 or, if any such Subsidiary has assets, the aggregate value of which exceeds $100,000, such Subsidiary has delivered to the Lender prior to the Effective Date, a guarantee by such Subsidiary of payment of all Obligations and first priority security charging all such Subsidiary’s existing and after-acquired assets as security therefor (and such other related documents as are required by the Lender), all in form and substance satisfactory to the Lender, acting reasonably.
