Common use of Ownership of Subsidiaries; etc Clause in Contracts

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05, the Borrower will, and will cause each of its Subsidiaries to, own, directly or indirectly, 100% of the Capital Stock of each of their Subsidiaries (other than, in the case of a Foreign Subsidiary, directors’ qualifying shares and/or other nominal amounts of shares required to be held by local nationals in each case to the extent required by applicable law).

Appears in 4 contracts

Samples: Credit Agreement (Lee Enterprises, Inc), Credit Agreement (Lee Enterprises, Inc), Junior Intercreditor Agreement (Lee Enterprises, Inc)

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Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05this Agreement, the Borrower will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Capital Stock Equity Interests of each of their Subsidiaries (other than, in the case of a Foreign Subsidiary, than directors’ qualifying shares and/or other nominal amounts of shares required to be held or investments by local foreign nationals in each case to the extent required by applicable law).

Appears in 2 contracts

Samples: Credit Agreement (Pyramid Communication Services, Inc.), Credit Agreement (PAETEC Holding Corp.)

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.0510.05(iii), the Borrower will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Capital Stock Equity Interests of each of their Subsidiaries (other than, in the case of a Foreign Subsidiary, directors’ qualifying shares and/or other nominal amounts of shares required to be held by local nationals in each case to the extent required by applicable law).

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Lee Enterprises, Inc)

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.0510.05(iii) or (xiv), the Borrower will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Capital Stock Equity Interests of each of their Subsidiaries (other than, in the case of a Foreign Subsidiary, directors’ qualifying shares and/or other nominal amounts of shares required to be held by local nationals in each case to the extent required by applicable law).

Appears in 1 contract

Samples: Second Lien Loan Agreement (Lee Enterprises, Inc)

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.059.05(xiii) and the definition of "Permitted Acquisition", the Borrower will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Capital Stock capital stock and other equity interests of each of their Subsidiaries (other than, in the case of a Foreign SubsidiarySubsidiaries, directors' qualifying shares and/or and other nominal amounts of shares required to be held by local nationals nationals, in each case to the extent required by applicable law).

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Inc)

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Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.0510.05(iii) or (xiii), the Borrower will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Capital Stock Equity Interests of each of their Subsidiaries (other than, in the case of a Foreign Subsidiary, directors’ qualifying shares and/or other nominal amounts of shares required to be held by local nationals in each case to the extent required by applicable law).

Appears in 1 contract

Samples: Exit Credit Agreement (Lee Enterprises, Inc)

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05, the The Borrower will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Capital Stock and other Equity Equivalents of each of their Subsidiaries (other than, in the case of a Foreign Subsidiary, than directors’ qualifying shares and/or other nominal amounts of shares required to be held by local nationals in each case to the extent required by applicable lawlaw and other than Non-Wholly-Owned Subsidiaries to the extent permitted hereunder).

Appears in 1 contract

Samples: Credit Agreement (American Seafoods Corp)

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