Dormant Subsidiaries. No Obligor shall (and the Company shall ensure no member of the Group will) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless the Company has given the Agent prior written notice whereupon the relevant entity shall cease to be a Dormant Subsidiary.
Appears in 3 contracts
Samples: Facility Agreement (InterXion Holding N.V.), Intercreditor Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)
Dormant Subsidiaries. No Obligor shall (and the Company Parent shall ensure no member of the Group will) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless the Company has given the Agent prior written notice whereupon the relevant entity shall cease to be a such Dormant SubsidiarySubsidiary becomes an Additional Guarantor in accordance with Clause 26.4 (Additional Guarantors).
Appears in 2 contracts
Samples: Facilities Agreement (Genesco Inc), Facilities Agreement (Genesco Inc)
Dormant Subsidiaries. No Obligor shall (and the Company shall ensure no member of the Group willshall) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless such Dormant Subsidiary becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Company has given the Agent prior written notice whereupon the relevant entity shall cease to be a Dormant SubsidiaryObligors).
Appears in 1 contract
Samples: Facilities Agreement (Equinix Inc)
Dormant Subsidiaries. No Obligor shall (and the Company shall ensure no member of the Group will) cause or permit any member of the Group which is a Dormant Subsidiary to commence trading or cease to satisfy the criteria for a Dormant Subsidiary unless the Company has given the Agent prior written notice whereupon the relevant entity shall cease to be a Dormant Subsidiary.
Appears in 1 contract
