Designation of Restricted Subsidiaries. Borrower shall -------------------------------------- not designate a Restricted Subsidiary as an Unrestricted Subsidiary or an Unrestricted Subsidiary as a Restricted Subsidiary if a Default has occurred which is continuing or if, after giving effect thereto, a Default shall exist or shall result from such designation.
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Samples: Credit Agreement (Pure Resources Inc), Credit Agreement (Pure Resources Inc), Credit Agreement (Pure Resources Inc)
Designation of Restricted Subsidiaries. Borrower shall -------------------------------------- ---------------------------------------------------- not designate a Restricted Subsidiary as an Unrestricted Subsidiary or an Unrestricted Subsidiary as a Restricted Subsidiary if a Default has occurred which is continuing or if, after giving effect thereto, a Default shall exist or shall result from such designation.
Appears in 1 contract
