Equity Ownership. each of the Borrowers is a wholly owned subsidiary of the Guarantor;
Appears in 3 contracts
Samples: Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Tankers Inc.)
Equity Ownership. each Each of the Borrowers Guarantors is a wholly owned subsidiary direct or indirect Subsidiary of the GuarantorBorrower;
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Equity Ownership. each of the Borrowers is a wholly owned direct subsidiary of the GuarantorGuarantor and no Borrower has any subsidiaries;
Appears in 1 contract
Samples: Secured Credit Facility Agreement (Teekay Shipping Corp)
Equity Ownership. each of the Borrowers Guarantors is a wholly owned subsidiary of the GuarantorBorrower;
Appears in 1 contract