Common use of New Subsidiaries; etc Clause in Contracts

New Subsidiaries; etc. Within 3 Business Days after the 45th day following the close of each of the first three Fiscal Quarters of each Fiscal Year of the Borrower and within 3 Business Days after the 45th day following the close of each Fiscal Year of the Borrower, (x) a list showing each Subsidiary of the Borrower established, created or acquired during the respective Fiscal Quarter or Fiscal Year, and each Subsidiary which has had any Equity Interests transferred during the respective Fiscal Quarter or Fiscal Year (in each case describing in reasonable detail the respective transfer of Equity Interests), in each case naming the direct owner of all Equity Interests in such Subsidiary and describing such Equity Interests in reasonable detail, and certifying that each such Subsidiary, and each Credit Party which owns any Equity Interests therein, has taken all actions, if any, required pursuant to Sections 9.11 and 10.13 and the relevant Security Documents and certifying the Borrower’s compliance with the provisions of Section 9.17, and (y) a list of each Domestic Subsidiary of the Borrower, if any, which has not been transferred to the Borrower or one or more Domestic Subsidiary of the Borrower pursuant to the requirements of Section 9.17(a) (by virtue of the first proviso to the second sentence of said Section 9.17(a)), and specifically stating the reasons therefor.

New Subsidiaries; etc. Within 3 Business Days after the 45th day following the close of each of the first three Fiscal Quarters of each Fiscal Year of the Borrower Holdings and within 3 Business Days after the 45th day following the close of each Fiscal Year of the BorrowerHoldings, (x) a list showing each Subsidiary of the Borrower Holdings established, created or acquired during the respective Fiscal Quarter or Fiscal Year, and each Subsidiary which has had any Equity Interests transferred during the respective Fiscal Quarter or Fiscal Year (in each case describing in reasonable detail the respective transfer of Equity Interests), in each case naming the direct owner of all Equity Interests in such Subsidiary and describing such Equity Interests in reasonable detail, and certifying that each such Subsidiary, and each Credit Party which owns any Equity Interests therein, has taken all actions, if any, required pursuant to Sections 9.11 and 10.13 and the relevant Security Documents and certifying the Borrower’s Holdings' compliance with the provisions of Section 9.17, and (y) a list of each Domestic Subsidiary of the BorrowerHoldings, if any, which has not been transferred to the Borrower Holdings or one or more Domestic Subsidiary of the Borrower Holdings pursuant to the requirements of Section 9.17(a) (by virtue of the first proviso to the second sentence of said Section 9.17(a)), and specifically stating the reasons therefor.

New Subsidiaries; etc. Within 3 Business Days after the 45th day following the close of each of the first three Fiscal Quarters of each Fiscal Year of the Borrower Holdings and within 3 Business Days after the 45th day following the close of each Fiscal Year of the BorrowerHoldings, (x) a list showing each Subsidiary of the Borrower Holdings established, created or acquired during the respective Fiscal Quarter or Fiscal Year, and each Subsidiary which has had any Equity Interests transferred during the respective Fiscal Quarter or Fiscal Year (in each case describing in reasonable detail the respective transfer of Equity Interests), in each case naming the direct owner of all Equity Interests in such Subsidiary and describing such Equity Interests in reasonable detail, and certifying that each such Subsidiary, and each Credit Party which owns any Equity Interests therein, has taken all actions, if any, required pursuant to Sections 9.11 and 10.13 and the relevant Security Documents and certifying the Borrower’s Holdings’ compliance with the provisions of Section 9.17, and (y) a list of each Domestic Subsidiary of the BorrowerHoldings, if any, which has not been transferred to the Borrower Holdings or one or more Domestic Subsidiary of the Borrower Holdings pursuant to the requirements of Section 9.17(a) (by virtue of the first proviso to the second sentence of said Section 9.17(a)), and specifically stating the reasons therefor.