Future Intermediation Subsidiary Sample Clauses

Future Intermediation Subsidiary any Subsidiary of the Company other than the Guarantors as of the Closing Date that (a) is acquired after the Closing Date and such acquisition is otherwise permitted by the Loan Documents or (b) is formed after the Closing Date and, in each case of (a) and (b), is designated by the board of directors of the Company as a Future Intermediation Subsidiary pursuant to a resolution of the board of directors of the Company as certified in a certificate delivered to the Administrative Agent by a Senior Officer of the Company. The board of directors of the Company may designate any such Subsidiary of the Company to become a Future Intermediation Subsidiary if: