CCT. The Company has advised the Administrative Agent that it does, and is required to, consolidate CCT in its consolidated financial statements, but that the Company does not have the power to control CCT. Accordingly, financial position, results of operations and cash flows of CCT shall be included for the purpose of (a) the definitions of “Consolidated EBITDA”, “Consolidated Interest Charges” and “Consolidated Funded Indebtedness”, (b) the financial statements and reporting requirements in Section 6.01 and (c) determining compliance with the financial covenants in Section 7.11. CCT shall not be deemed to be a Subsidiary for the purposes of the closing conditions in Article IV, the representations and warranties in Article V, the affirmative covenants in Article VI, the negative covenants in Article VII, and the events of default in Article VIII.
Appears in 4 contracts
Samples: Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp), Credit Agreement (Parexel International Corp)
