Limitation on Designations of Unrestricted Subsidiaries. (a) The Board of Directors of the Company may designate (a "Designation") any Restricted Subsidiary of the Company (including any newly acquired or newly formed Subsidiary of the Company) to be an Unrestricted Subsidiary of the Company, so long as such Designation would not cause a Default.
Appears in 3 contracts
Samples: Purchase Agreement (Pca International Inc), Indenture (Pca International Inc), Purchase Agreement (Pca International Inc)
Limitation on Designations of Unrestricted Subsidiaries. (a) The Board of Directors Company may designate any Subsidiary of the Company may designate (other than a Subsidiary of the Company which owns any Capital Stock of, or owns or holds any Lien on any property of, the Company or any Restricted Subsidiary) as an "Unrestricted Subsidiary" under this Indenture (a "Designation") any Restricted Subsidiary of the Company (including any newly acquired or newly formed Subsidiary of the Company) to be an Unrestricted Subsidiary of the Company, so long as such Designation would not cause a Default.only if:
Appears in 1 contract
Samples: Indenture (RSC Duval Inc)
Limitation on Designations of Unrestricted Subsidiaries. (a) The Board of Directors of the Company may designate (a "Designation") any Restricted Subsidiary of the Company (including other than any newly acquired or newly formed Restricted Subsidiary which owns Capital Stock of the Companya Restricted Subsidiary) to be as an "Unrestricted Subsidiary of the Company, so long as such Designation would not cause Subsidiary" under this Indenture (a Default."Designation") only if:
Appears in 1 contract
Samples: 510152 N B LTD
