Common use of Limitation on the Creation of Subsidiaries Clause in Contracts

Limitation on the Creation of Subsidiaries. Notwithstanding anything to the contrary contained in this Agreement, the Borrower will not, and will not permit any of its Subsidiaries to, establish, create or acquire any Subsidiary; provided that the Borrower and its Wholly-Owned Subsidiaries shall be permitted to establish or create Wholly-Owned Subsidiaries so long as at least 30 days' prior written notice thereof (or such lesser notice as is acceptable to the Agent in its sole discretion) is given to the Agent.

Limitation on the Creation of Subsidiaries. Notwithstanding anything to the contrary contained in this Agreement, the no Borrower will, nor will not, and will not it permit any of its Subsidiaries to, establish, create or acquire any SubsidiarySubsidiary (except in connection with a Permitted Acquisition); provided that the any Borrower and its any Wholly-Owned Subsidiaries shall be permitted to establish or create Wholly-Owned Subsidiaries so long as at least 30 days' ’ prior written notice thereof (or such lesser notice as is acceptable to the Administrative Agent in its sole discretion) is given to the Administrative Agent.

Limitation on the Creation of Subsidiaries. Notwithstanding anything to the contrary contained in this Agreement, the no Borrower will, nor will not, and will not it permit any of its Subsidiaries to, establish, create or acquire any SubsidiarySubsidiary (except in connection with a Permitted Acquisition); provided that the any Borrower and its any Wholly-Owned Subsidiaries shall be permitted to establish or create Wholly-Owned Subsidiaries so long as at least 30 days' prior written notice thereof (or such lesser notice as is acceptable to the Administrative Agent in its sole discretion) is given to the Administrative Agent.

Limitation on the Creation of Subsidiaries. Notwithstanding anything to the contrary contained in this Agreement, the no Borrower will, nor will not, and will not it permit any of its Subsidiaries to, establish, create or acquire any Subsidiary; provided that the any Borrower and its any Wholly-Owned Subsidiaries shall be permitted to establish or create Wholly-Owned Subsidiaries so long as at least 30 days' prior written notice thereof (or such lesser notice as is acceptable to the Administrative Agent in its sole discretion) is given to the Administrative Agent.. 6.20