Limitation on Subsidiaries. If (a) any Subsidiary guarantees the Other Senior Notes or (b) the Company or any Restricted Subsidiary transfers or causes to be transferred any Property to, or organizes, acquires, invests in or otherwise holds an Investment in, any Restricted Subsidiary that is not a Guarantor having total consolidated assets with a book value in excess of $500,000, then such Subsidiary, transferee or acquired or other Restricted Subsidiary shall (1) execute and deliver to the Trustee a supplemental indenture in form reasonably satisfactory to the Trustee pursuant to which such Restricted Subsidiary shall 105 unconditionally guarantee all of the Company's obligations under the Notes and this Indenture in the form set forth in Annex C hereto, (2) deliver to the Trustee an Opinion of Counsel that such supplemental indenture has been duly authorized, executed and delivered by such Restricted Subsidiary and constitutes a legal, valid, binding and enforceable obligation of such Restricted Subsidiary and (3) execute such other documents and take such other actions as the Trustee may reasonably require in order to evidence the Guarantee of such Restricted Subsidiary and the agreement of such Restricted Subsidiary to be bound by the Guarantee. Thereafter, such Restricted Subsidiary shall be a Guarantor for all purposes of this Indenture.
Limitation on Subsidiaries. (Section 6.16): On a separate sheet, describe any Subsidiaries created by Borrower. State whether or not the creation of such Subsidiaries has been consented to by the Requisite Lenders as required under Section 6.16 of the Credit Agreement.
Limitation on Subsidiaries. Neither the Borrower nor any of its Subsidiaries shall own, either directly or indirectly, any Capital Stock in any Person other than the entities listed on Section 5.2(a) of the Company Disclosure Schedule (as defined in the Merger Agreement).
Limitation on Subsidiaries. Create any Subsidiaries without the prior written consent of the Required Banks, provided that nothing in this subsection 7.16 shall prevent investments in the M/I Ancillary Businesses to the extent permitted in subsection 7.9(k) hereof.
Limitation on Subsidiaries. Form or acquire, or permit any of its Subsidiaries to form or acquire, any Subsidiary.
Limitation on Subsidiaries. Create any Subsidiaries, other than the Office Building Limited Liability Company (to the extent, if any, that the Office Building Limited Liability Company is considered a Subsidiary), without the prior written consent of the Required Banks.
Limitation on Subsidiaries. At any time prior to the Senior Subordinated Notes I Termination Date, create or acquire any new Subsidiary other than any Subsidiary that becomes a Wholly Owned Subsidiary Guarantor on the date of such creation or acquisition.
Limitation on Subsidiaries. Borrower shall not create any Subsidiaries without the prior written consent of Requisite Lenders. Nothing contained herein shall be deemed to prohibit or restrict MCRI from creating or continuing any Subsidiaries.
Limitation on Subsidiaries. (a) Create or permit to exist any Subsidiaries except for Subsidiaries which are limited to Permitted Business Activities, and (b) permit its Subsidiaries to create, incur, assume or suffer to exist Indebtedness except for Non-recourse Indebtedness and Indebtedness which is guaranteed by the Borrower provided that the Borrower is permitted to incur such Indebtedness in accordance with subsection 6.1.
Limitation on Subsidiaries. Create any Subsidiaries after the Closing Date unless any such Subsidiary becomes a party to this Agreement and a maker of all Notes, and the satisfaction of such other measures as may be reasonably requested by the Required Banks.
