Ownership of Significant Subsidiaries. Cease to maintain at any time direct or indirect ownership of securities or other ownership interests representing not less than the greater of (a) a majority of the ordinary voting power of each Significant Subsidiary and (b) such voting power as provides effective control of the policy and direction of each Significant Subsidiary.
Appears in 3 contracts
Samples: Credit Agreement (Cummins Inc), Credit Agreement (Cummins Inc), Security Agreement (Cummins Inc)
Ownership of Significant Subsidiaries. Cease to maintain at any time direct or indirect ownership of securities or other ownership interests representing not less than the greater of (a) a majority of the ordinary voting power of each Significant Subsidiary and (b) such voting power as provides effective control of the policy and direction of each Significant Subsidiary, except as permitted by Section 6.03.
Appears in 2 contracts
Samples: Assignment and Assumption (Cummins Inc), Credit Agreement (Cummins Inc)
Ownership of Significant Subsidiaries. Cease to maintain at any time direct or indirect ownership of securities or other ownership interests representing not less than the greater of (ax) a majority of the ordinary voting power of each Significant Subsidiary and (by) such voting power as provides effective control of the policy and direction of each Significant Subsidiary.
Appears in 2 contracts
Samples: Conformed Copy (Cummins Engine Co Inc), Credit Agreement (Cummins Engine Co Inc)
