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 U.S. Borrower and within 3 Business Days after the 90th day following the close of each Fiscal Year of the U.S. Borrower, (x) a list showing each Material Foreign Subsidiary of the U.S. Borrower established, created or acquired during the respective Fiscal Quarter or Fiscal Year which has not theretofore become party to the Foreign Subsidiaries Guaranty or any Security Document, and (y) a list showing each Subsidiary of the U.S. Borrower established, created or acquired during the respective Fiscal Quarter or Fiscal Year (and specifying whether such Subsidiary is a Material Foreign Subsidiary), 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, showing any change in the direct owner of the 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 as a result of any such changes, has taken all actions, if any, required pursuant to Section 8.11 and the relevant Security Documents.

Appears in 4 contracts

Samples: Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc), Credit Agreement (Dole Food Co Inc)

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