Common use of Excluded Subsidiaries Clause in Contracts

Excluded Subsidiaries. The Borrower shall have the right, at any time with prior written notice to the Agent, to (i) designate any Subsidiary as an Excluded Subsidiary in accordance with the requirements of such definition or (ii) remove any Subsidiary from being an Excluded Subsidiary; provided that with respect to any Subsidiary, after the second designation of such Subsidiary as a Non-Excluded Subsidiary from an Excluded Subsidiary, such Subsidiary may not be re-designated as an Excluded Subsidiary at a later date.

Excluded Subsidiaries. The Borrower shall have the right, at any time with prior written notice to the Agent, to (i) designate any Subsidiary as an Excluded Subsidiary in accordance with the requirements of such definition or (ii) remove any Subsidiary from being an Excluded Subsidiary; provided that the Borrower shall only have the right to make any such designation one time with respect to any Subsidiary, after each Subsidiary and once a Subsidiary is removed by the second designation of such Subsidiary as a Non-Borrower from being an Excluded Subsidiary from an Excluded Subsidiary, such Subsidiary it may not be re-designated as an Excluded Subsidiary one at a later date.

Excluded Subsidiaries. The Borrower shall have the right, at any time with prior written notice to the Agent, to (i) designate any Subsidiary as an Excluded Subsidiary in accordance with the requirements of such definition or (ii) to remove any Subsidiary from being an Excluded Subsidiary; provided that the Borrower shall only have the right to make any such designation one time with respect to any Subsidiary, after each Subsidiary and once a Subsidiary is removed by the second designation of such Subsidiary as a Non-Borrower from being an Excluded Subsidiary from an Excluded Subsidiary, such Subsidiary it may not be re-designated as an Excluded Subsidiary one at a later date.