Common use of Designated Subsidiaries Clause in Contracts

Designated Subsidiaries. (a) The Subsidiaries of Cascades listed in Schedule B hereof are hereby designated as Designated Subsidiaries. (b) Cascades may designate any other of its Subsidiaries that is a Credit Party (other than a Borrower) as a Designated Subsidiary upon giving prior notice to the Administrative Agent, the Collateral Agent and the Term Facility Agent specifying the date of effectiveness of the designation (which must be after the date of the notice). Any such designation will be effective on the date specified in the notice and no such designation may be cancelled or revoked. (c) Each Designated Subsidiary must be at all times a wholly-owned Subsidiary of Cascades and must provide Security as and to the extent required by Article 10. (d) Cascades covenants that the Non-Designated Subsidiaries will include no Subsidiary of Cascades who is directly or indirectly liable for the payment of obligations under any of the Cascades Indentures or Funded Debt issued thereunder.

Designated Subsidiaries. (a) The Subsidiaries of Cascades listed in Schedule B hereof are hereby designated as Designated Subsidiaries. (b) Cascades may designate any other of its Subsidiaries that is a Credit Party (other than a Borrower) as a Designated Subsidiary upon giving prior notice to the Administrative Agent, the Collateral Agent and the Term Facility Agent Agents specifying the date of effectiveness of the designation (which must be after the date of the notice). Any such designation will be effective on the date specified in the notice and no such designation may be cancelled or revoked. (c) Each Designated Subsidiary must be at all times a wholly-owned Subsidiary of Cascades and must provide Security as and to the extent required by Article 10. (d) Cascades covenants that the Non-Designated Subsidiaries will include no Subsidiary of Cascades who is directly or indirectly liable for the payment of obligations under any of the Cascades Indentures or Funded Debt issued thereunder.

Designated Subsidiaries. (a) The Subsidiaries of Cascades listed in Schedule B "B" hereof are hereby designated as Designated Subsidiaries. (b) Cascades may designate any other of its Subsidiaries that is a Credit Party (other than a Borrower) as a Designated Subsidiary upon giving not less than 30 days' prior notice to the Administrative Agent, the Collateral Agent and the Term Facility Agent specifying the date of effectiveness of the designation (which must be after the date of the notice). Any such designation will be effective on the date specified in first day of the fiscal quarter of Cascades following the expiry of the notice period and no such designation may be cancelled or revoked. (c) Each Designated Subsidiary must be at all times a wholly-owned Subsidiary of Cascades and must provide Security as and to the extent required by Article 10. (d) Cascades covenants and agrees that the Non-Designated Subsidiaries will include no Subsidiary that has provided a Guarantee of the obligations of Cascades who is directly or indirectly liable for the payment of obligations under any of the Cascades Indentures Indenture or Funded Debt notes issued thereunder.

Designated Subsidiaries. (a) The Subsidiaries of Cascades listed in Schedule B ”B” hereof are hereby designated as Designated Subsidiaries. (b) Cascades may designate any other of its Subsidiaries that is a Credit Party (other than a Borrower) as a Designated Subsidiary upon giving not less than 30 days’ prior notice to the Administrative Agent, the Collateral Agent and the Term Facility Agent specifying the date of effectiveness of the designation (which must be after the date of the notice). Any such designation will be effective on the date specified in first day of the fiscal quarter of Cascades following the expiry of the notice period and no such designation may be cancelled or revoked. (c) Each Designated Subsidiary must be at all times a wholly-owned Subsidiary of Cascades and must provide Security as and to the extent required by Article 10. (d) Cascades covenants and agrees that the Non-Designated Subsidiaries will include no Subsidiary that has provided a Guarantee of the obligations of Cascades who is directly or indirectly liable for the payment of obligations under any of the Cascades Indentures Indenture or Funded Debt of Norampac Inc. (or Cascades as successor thereof) under the Norampac Indenture or notes issued thereunder.