Common use of Designation and Conversion of Unrestricted Subsidiaries Clause in Contracts

Designation and Conversion of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary as of the date hereof on Schedule 6.10 or thereafter in compliance with Section 6.10(b), any Person that is or becomes a Subsidiary of the Borrower shall not be classified as an Unrestricted Subsidiary.

Appears in 2 contracts

Samples: Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp)

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Designation and Conversion of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary as of the date hereof on Schedule 6.10 8.14 or thereafter in compliance with Section 6.10(bSections 8.14(b) or 8.14(e), any Person that is or becomes a Subsidiary of any Borrower (other than a Subsidiary of an Unrestricted Subsidiary created after the Borrower Closing Date, which is automatically deemed an Unrestricted Subsidiary unless prohibited by the definition thereof) shall not be classified as an Unrestricted a Restricted Subsidiary.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (HollyFrontier Corp)

Designation and Conversion of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary as of the date hereof on Schedule 6.10 6.14 or thereafter in compliance with Section 6.10(b6.13(b), any Person that is or becomes a Subsidiary of the Borrower Parent shall not be classified as an Unrestricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Seventy Seven Energy Inc.)

Designation and Conversion of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary as of the date hereof on Schedule 6.10 6.14 or thereafter in compliance with Section 6.10(b6.13(b), any Person that is or becomes a Subsidiary of the Borrower shall not be classified as an Unrestricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Oilfield Operating LLC)

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Designation and Conversion of Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary as of the date hereof on Schedule 6.10 6.11 or thereafter in compliance with Section 6.10(b6.11(b), any Person that is or becomes a Subsidiary of the Borrower Company shall not be classified as an Unrestricted Subsidiary.

Appears in 1 contract

Samples: Credit Agreement (Chesapeake Energy Corp)

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