Common use of Equity Ownership Clause in Contracts

Equity Ownership. The Borrower is owned, directly or indirectly, one hundred percent (100%) by the Guarantor;

Appears in 4 contracts

Samples: Senior Secured Loan Facility Agreement (International Shipholding Corp), Senior Secured Loan Facility Agreement (International Shipholding Corp), Facility Agreement (International Shipholding Corp)

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Equity Ownership. The Borrower is owned, owned directly or indirectly, one hundred percent (100%) by the Guarantor;

Appears in 3 contracts

Samples: Agreement (International Shipholding Corp), Credit Agreement (International Shipholding Corp), Account Pledge Agreement (International Shipholding Corp)

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Equity Ownership. The Borrower Each of the Borrowers is owned, directly or indirectly, one hundred percent (100%) by the Guarantor;

Appears in 3 contracts

Samples: Agreement (International Shipholding Corp), Senior Secured Term Loan Facility Agreement (International Shipholding Corp), Senior Secured Term Loan Facility Agreement (International Shipholding Corp)

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