Ownership of Insurance Subsidiaries. The Applicant will cause each of its Insurance Subsidiaries to remain at all times a Wholly Owned Subsidiary of the Applicant, except as expressly permitted otherwise by Section 7.1.
Appears in 2 contracts
Samples: Assignment and Acceptance Agreement (Pma Capital Corp), Assignment and Acceptance Agreement (Pma Capital Corp)
Ownership of Insurance Subsidiaries. The Applicant Borrower will cause each of its Insurance Subsidiaries to remain at all times a Wholly Owned Subsidiary of the ApplicantBorrower, 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 Applicant 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 Applicant, except as expressly permitted otherwise by Section 7.1Borrower.
Appears in 1 contract
