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: Line of Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit and Line of Credit Agreement (Hughes Supply Inc)
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: Revolving Credit and Line of Credit Agreement (Office Depot Inc), 364 Day Revolving Credit Agreement (Office Depot 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: Term Loan Agreement (Serengeti Eyewear Inc), Revolving Line of Credit and Term Loan Agreement (Solar Mates 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: Revolving Credit and Line of Credit Agreement (Rotech Medical Corp), Revolving Credit and Line of Credit Agreement (Rotech Medical Corp)
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
Samples: Senior Secured Revolving Credit Agreement (Able Telcom Holding Corp)
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
Samples: Real Estate Term Credit Agreement (Hughes Supply Inc)
Ownership of Guarantors. Borrower The Company shall maintain its percentage of ownership existing as of the date hereof of all corporate Guarantors, and shall not decrease its ownership percentage in each Person which becomes a corporate Guarantor after the date hereof, as such ownership exists at the time such Person becomes a Guarantorcorporate Guarantor or may be increased thereafter.
Appears in 1 contract
Samples: Convertible Subordinated Note Purchase Agreement (Consolidated Stainless 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 Guarantor.
Appears in 1 contract
