Ownership of Insurance Subsidiaries. The Borrower will cause each of its Insurance Subsidiaries to remain at all times a Wholly Owned Subsidiary of the Borrower, except as expressly permitted otherwise by Section 7.1.
Appears in 2 contracts
Samples: Credit Agreement (Pma Capital Corp), Credit Agreement (Odyssey Re Holdings Corp)
Ownership of Insurance Subsidiaries. The Borrower Applicant will cause each of its Insurance Subsidiaries to remain at all times a Wholly Owned Subsidiary of the BorrowerApplicant, except as expressly permitted otherwise by Section 7.1.
Appears in 2 contracts
Samples: Letter of Credit Agreement (Pma Capital Corp), Letter of Credit Agreement (Pma Capital Corp)
Ownership of Insurance Subsidiaries. The Borrower will cause each of its Insurance Subsidiaries that is a Significant Subsidiary to remain at all times a direct or indirect Wholly Owned Subsidiary of the Borrower, except as expressly permitted otherwise by Section 7.1.
Appears in 1 contract
