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. 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. 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. 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. 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 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 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. 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. Section 9.21 is hereby deleted in its entirety and the following new Section 9.21 is inserted in lieu thereof, which reads in its entirety as follows:
Assets of Subsidiaries. The Borrower will not permit any Subsidiary which has not executed and delivered a Guaranty Agreement to own any tangible assets, other than (i) cash or cash equivalents in an aggregate amount (taking into account all of the non-guaranteeing Subsidiaries of the Borrower) not to exceed $2,500,000 (ii) promissory notes payable to such Subsidiary by the Borrower and receivables relating thereto, provided that such promissory notes are subordinated to payment of the Indebtedness on terms and conditions satisfactory to the Lender, and (iii) other Property incidental to the ordinary business of the non-guaranteeing Subsidiaries having a value no greater than $10,000. To the extent any non-guaranteeing Subsidiary shall own any tangible asset other than as provided in the preceding sentence, such asset shall be conveyed to the Borrower, either in the form of a dividend, loan or in such other manner as may be approved by the Lender and as may conform to the terms and provisions of this Agreement."
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. 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.
