Ownership of Certain Subsidiaries. The Borrower shall at all times, (a) own and control 100% of the Voting Stock of PSNM and (b) own and control, directly or indirectly, 100% of the Voting Stock of TNMP.
Ownership of Certain Subsidiaries. So long as Genworth Seguros de Credito a la Vivienda, S.A. de C.V., a Mexico-domiciled subsidiary of Genworth, or Genworth Servicios, S. de X. X. de C. V., a Mexico-domiciled subsidiary of Genworth (together, the “Mexican Subsidiaries”), is a subsidiary of Genworth, the Company will not sell, transfer, or otherwise dispose of or cause its Subsidiaries to sell, transfer, or otherwise dispose of its ownership in the Mexican Subsidiaries; provided, that if requested by Genworth, the Company shall transfer to Genworth or its designee the Mexican Subsidiaries (i) for a purchase price equal to the fair market value of such Mexican Subsidiaries as mutually agreed by Genworth and the Company in good faith or as otherwise determined by an independent valuation firm mutually designated by Genworth and the Company and (ii) on such date as is mutually agreed by the Parties.
Ownership of Certain Subsidiaries. The Company owns (i) not less than 80% of the outstanding shares of common stock of Enterprises and (ii) not less than 80% of the outstanding shares of common stock of Consumers.
Ownership of Certain Subsidiaries. Take such actions as are necessary to ensure that the Borrower, at all times, shall own and control, directly or indirectly, 100% of the Voting Stock of Energen Resources Corporation and Alabama Gas Corporation.
Ownership of Certain Subsidiaries. The Company shall (a) at all times, own and control 100% of the Voting Stock of PSNM, (b) at all times, own and control, directly or indirectly, 100% of the Voting Stock of TNMP, (c) if the Borrower Obligations of First Choice are guarantied by the Company, own and control, directly or indirectly, 100% of the Voting Stock of First Choice and (d) if the Borrower Obligations of FCP are guarantied by the Company, own and control, directly or indirectly, 100% of the Voting Stock of FCP.
Ownership of Certain Subsidiaries. Borrower shall cease to own, directly or through one or more wholly-owned Subsidiaries of Borrower, all of the issued and outstanding equity interests in and to each of the Material Subsidiaries of Borrower or Agent shall cease to have a valid, perfected, first priority Lien upon all such equity interests (other than HCC UK Acquisition, with respect to which Agent shall have a valid, perfected, first priority Lien upon only 65% of their issued and outstanding equity interests); or
Ownership of Certain Subsidiaries. 44 4.2.19. Certain Intercompany Indebtedness.................. 44 4.2.20. Any Action......................................... 44 ARTICLE V MISCELLANEOUS PROVISIONS
Ownership of Certain Subsidiaries. The Borrower shall at all times during the term hereof own, directly or indirectly, 100% of the equity interests on a fully diluted basis of (i) Virginia Gas Company and its Subsidiaries and (ii) NUI Utilities, Inc. Unless the sale thereof is permitted under Section 5.5, the Borrower shall at all times own, directly or indirectly, (a) 90% of the equity interests on a fully diluted basis of NUI/Caritrade International, and (b) 100% of the equity interests on a fully diluted basis of all of its other Subsidiaries (excluding NUI Richton Storage, Inc.) in existence on the Closing Date.
Ownership of Certain Subsidiaries. Except pursuant to a transaction permitted pursuant to Section 4.2.9 or 4.2.10, ADT Limited will not permit:
(a) any Subsidiary of Holdings N.V. now existing to not be at any time a Wholly Owned Subsidiary of ADT Limited except to the extent disclosed in Item 3.8 ("Existing Subsidiaries") of the Disclosure Schedule; and
(b) any Subsidiary of the Borrower now existing to not be at any time a Wholly Owned Subsidiary of the Borrower.
Ownership of Certain Subsidiaries. Notwithstanding anything to the contrary contained elsewhere in this Agreement, the Credit Agreement Parties shall take all action necessary so that at all times (i) Holdings directly owns 100% of the capital stock of Adience, (ii) Adience directly owns 100% of the capital stock of Newco (at least 45.35% of which capital stock shall at all times be non-voting capital stock owned by Adience, with the remaining equity interests being voting stock owned by Adience, and with 100% of said non-voting stock, and 65% of such voting stock, being at all times pledged by Adience pursuant to the U.S. Pledge Agreement), and (iii) Newco directly owns 100% of the capital stock of Xxxxxxxx, all of which capital stock shall be pledged pursuant to the U.K. Security Documents.
