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.
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Samples: Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc), Credit Agreement (Personnel Group of America Inc)
No Foreign Subsidiaries. Neither the Borrower No Credit Party will, nor will it permit any of its Subsidiaries will to, 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.
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