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.
Appears in 20 contracts
Samples: Credit Agreement (Public Service Co of New Mexico), Term Loan Agreement (PNM Resources Inc), Term Loan Agreement (Public Service Co of New Mexico)
Ownership of Certain Subsidiaries. The Borrower shall (a) at all times, (a) own and control 100% of the Voting Stock of PSNM and (b) at all times, own and control, directly or indirectly, 100% of the Voting Stock of TNMP.
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