Common use of Ownership of Guarantor Subsidiaries Clause in Contracts

Ownership of Guarantor Subsidiaries. At all times, Borrower must own no less than 66 2/3% of the equity (both voting and non-voting) of each Guarantor Subsidiary and must have the necessary control of each of the Guarantor Subsidiaries so that Borrower, without the consent of any other Person, may (i) transfer, by dividend or otherwise, cash and capital from any Guarantor Subsidiary to Borrower and (ii) transfer, sell or convey, or xxxxx x Xxxx on any and all of the assets, real or personal, of each Guarantor Subsidiary.

Ownership of Guarantor Subsidiaries. At all times, Borrower must own no less than 66 2/3% of the equity (both voting and non-voting) of each Guarantor Subsidiary and must have the necessary control of each of the Guarantor Subsidiaries so that Borrower, without the consent of any other Person, may (i) transfer, by dividend or otherwise, cash and capital from any Guarantor Subsidiary to Borrower and (ii) transfer, sell or convey, or xxxxx gxxxx x Xxxx on any and all of the assets, real or personal, of each Guarantor Subsidiary.

Ownership of Guarantor Subsidiaries. At all times, Borrower must own own, directly or indirectly, no less than 66 2/3% of the equity (both voting and non-voting) of each Guarantor Subsidiary and must have the necessary control of each of the Guarantor Subsidiaries so that Borrower, without the consent of any other Person, may (i) transfer, by dividend or otherwise, cash and capital from any Guarantor Subsidiary to Borrower and (ii) transfer, sell or convey, or xxxxx gxxxx x Xxxx on any and all of the assets, real or personal, of each Guarantor Subsidiary.