LIMITATIONS WITH RESPECT TO SUBSIDIARIES Sample Clauses

LIMITATIONS WITH RESPECT TO SUBSIDIARIES. (a) Each Subsidiary of the Borrower shall at all times be a Wholly-Owned Subsidiary of the Borrower and there shall not exist any restrictions on the right of the Borrower to vote any Voting Stock of its Subsidiaries. (b) The Borrower may not create or acquire new Subsidiaries, except Wholly-Owned Subsidiaries, and so long as (i) the total assets of such Subsidiaries in the aggregate (other than single purpose Subsidiaries created solely for the purpose of financing aircraft for use by the Borrower) do not at any time exceed five percent (5%) of the consolidated total assets of the Borrower, determined in accordance with GAAP and (ii) the Borrower complies with the provisions of Section 5.15 hereof; provided, that the Borrower may make Investments permitted under Section 6.2.
Sample 1
AutoNDA by SimpleDocs
LIMITATIONS WITH RESPECT TO SUBSIDIARIES. (a) Each Restricted Subsidiary of an Obligor shall at all times be a Wholly-Owned Subsidiary of such Obligor and there shall not exist any restrictions on the right of such Obligor to vote any Voting Stock of its Restricted Subsidiaries.
Sample 1
LIMITATIONS WITH RESPECT TO SUBSIDIARIES. (a) Each Subsidiary of each Obligor shall at all times be a Wholly-Owned Subsidiary of such Obligor and there shall not exist any restrictions on the right of either Obligor to vote any Capital Stock of its Subsidiaries.
Sample 1
LIMITATIONS WITH RESPECT TO SUBSIDIARIES 
Sample 1

Related to LIMITATIONS WITH RESPECT TO SUBSIDIARIES

  • Obligations with Respect to Loan Parties The obligations of the Borrower to direct or prohibit the taking of certain actions by the other Loan Parties as specified herein shall be absolute and not subject to any defense the Borrower may have that the Borrower does not control such Loan Parties.

  • REPRESENTATIONS WITH RESPECT TO RULE 17F 5. The Foreign Custody Manager represents to the Fund that it is a U.S. Bank as defined in section (a)(7) of Rule 17f-5. The Fund represents to the Custodian that the Board has determined that it is reasonable for the Board to rely on the Custodian to perform the responsibilities delegated pursuant to this Agreement to the Custodian as the Foreign Custody Manager of the Portfolios.

  • Proceedings with Respect to Certain Assets and Liabilities (a) In connection with any investigation, proceeding or other matter with respect to any asset or liability of the Failed Bank retained by the Receiver, or any asset of the Failed Bank acquired by the Receiver pursuant to this Agreement, the Assuming Institution shall cooperate to the extent reasonably required by the Receiver.

  • Obligations with Respect to Transfers and Exchanges of Notes (i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate, Definitive Notes and Global Notes at the Registrar’s request.

  • Obligations with Respect to Transfers and Exchanges of Securities (i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate, Definitive Securities and Global Securities at the Registrar’s request.

  • Obligations with Respect to Transfers and Exchanges of Warrants (i) To permit registrations of transfers and exchanges, the Company shall execute and the Warrant Agent shall countersign, by either manual or facsimile signature, Global Warrants and Definitive Warrants as required pursuant to the provisions of Section 2.02 and this Section 2.04.

Time is Money Join Law Insider Premium to draft better contracts faster.