Ownership of Guarantors. Borrower shall maintain its percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a Guarantor.
Appears in 8 contracts
Samples: Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc)
Ownership of Guarantors. Borrower shall maintain its percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a GuarantorGuarantor or may be increased thereafter.
Appears in 2 contracts
Samples: Credit and Term Loan Agreement (Solar Mates Inc), Term Loan Agreement (Serengeti Eyewear Inc)
Ownership of Guarantors. Borrower shall maintain at least ----------------------- its percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a Guarantor.
Appears in 2 contracts
Samples: Credit Agreement (Rotech Medical Corp), Contribution Agreement (Rotech Medical Corp)
Ownership of Guarantors. Borrower Borrower, and each Wholly Owned Subsidiary, as the case may be, shall maintain its percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a GuarantorGuarantor or may be increased thereafter.
Appears in 2 contracts
Samples: Revolving Loan Agreement (Brown & Brown Inc), Revolving and Term Loan Agreement (Brown & Brown Inc)
Ownership of Guarantors. Borrower shall maintain at least its percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a Guarantor, without the written consent of the Administrative Agent and the Required Lenders, which consent will not be unreasonably withheld or delayed.
Appears in 2 contracts
Samples: Credit Agreement (Office Depot Inc), Day Revolving Credit Agreement (Office Depot Inc)
Ownership of Guarantors. Each of Borrower and Parent shall maintain its percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a Guarantor.
Appears in 1 contract
Ownership of Guarantors. Borrower shall maintain at least its percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a Guarantor.
Appears in 1 contract
Ownership of Guarantors. Borrower shall maintain its ----------------------- percentage of ownership existing as of the date hereof of all Guarantors, and shall not decrease its ownership percentage in each Person which becomes a Guarantor after the date hereof, as such ownership exists at the time such Person becomes a Guarantor.
Appears in 1 contract
Samples: Credit Agreement (Hughes Supply Inc)
