Common use of BWXT Ownership Clause in Contracts

BWXT Ownership. The Borrower shall not permit any Stock or Stock Equivalents in BWXT to be owned by any Person other than the Borrower or a Permitted BWXT Owner. A “Permitted BWXT Owner” is any Wholly-Owned Subsidiary of the Borrower all of whose Stock or Stock Equivalents are owned, directly or indirectly, only by the Borrower and Subsidiaries of the Borrower that are holding companies without material assets other than Stock or Stock Equivalents in other Subsidiaries of the Borrower and without material operations other than those related to such ownership.

BWXT Ownership. The Borrower shall not permit any Stock or Stock Equivalents in BWXT to be owned by any Person other than the Administrative Borrower or a Permitted BWXT Owner. A “Permitted BWXT Owner” is any Wholly-Owned Restricted Subsidiary of the Administrative Borrower all of whose Stock or Stock Equivalents are owned, directly or indirectly, only by the Administrative Borrower and Restricted Subsidiaries of the Administrative Borrower that are holding companies without material assets other than Stock or Stock Equivalents in other Restricted Subsidiaries of the Administrative Borrower and without material operations other than those related to such ownership.

BWXT Ownership. The Borrower shall not permit any Stock or Stock Equivalents in BWXT to be owned by any Person other than the Borrower or a Permitted BWXT Owner. A “Permitted BWXT Owner” is any Wholly-Owned Restricted Subsidiary of the Borrower all of whose Stock or Stock Equivalents are owned, directly or indirectly, only by the Borrower and Restricted Subsidiaries of the Borrower that are holding companies without material assets other than Stock or Stock Equivalents in other Restricted Subsidiaries of the Borrower and without material operations other than those related to such ownership.