Common use of No Foreign Subsidiaries Clause in Contracts

No Foreign Subsidiaries. Neither the Borrower nor any of its Subsidiaries will create, acquire or permit to exist any direct or indirect Subsidiary of such Credit Party which is not incorporated or organized under the laws of any State of the United States or the District of Columbia.

Appears in 6 contracts

Samples: Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc)

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No Foreign Subsidiaries. Neither the Borrower nor any of its Subsidiaries No Credit Party will create, acquire or permit to exist any direct or indirect Subsidiary of such Credit Party which is not incorporated or organized under the laws of any State of the United States or the District of Columbia.

Appears in 1 contract

Samples: Credit Agreement (Gorges Quik to Fix Foods Inc)

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