Common use of Ownership of Subsidiaries; etc Clause in Contracts

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05 and the definition of “Permitted Acquisition”, Holdings will, and will cause each of its Subsidiaries to, own 100% of the Equity Interests of each of their Subsidiaries (other than, in the case of Foreign Subsidiaries, directors’ qualifying shares and other nominal amounts held by local nationals, in each case to the extent required by applicable law).

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Holdings Inc)

AutoNDA by SimpleDocs

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05 Sections 10.05(xvii), (xviii) and (xx) or pursuant to a Permitted Acquisition consummated in accordance with the definition of “Permitted Acquisition”terms hereof, Holdings will, and will cause each of its Subsidiaries to, own 100% of the Equity Interests of each of their Subsidiaries (other than, in the case of Foreign Subsidiaries, than directors’ qualifying shares and other nominal amounts held by local nationals, in each case to the extent required by applicable law and/or other nominal amount of shares required to be held by local nationals under applicable law).

Appears in 1 contract

Samples: Security Agreement (CURO Group Holdings Corp.)

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05 Sections 10.05(xiii), (xiv), (xv) and (xviii) and the definition of “Permitted Acquisition”, Holdings will, and will cause each of its Subsidiaries to, own 100% of the Equity Interests of each of their Subsidiaries (other than, in the case of Foreign Subsidiaries, directors’ qualifying shares and other nominal amounts held by local nationals, in each case to the extent required by applicable law).

Appears in 1 contract

Samples: Security Agreement (Town Sports International Holdings Inc)

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05 and 10.05(iii) or (xiv) or pursuant to a Permitted Acquisition consummated in accordance with the definition of “Permitted Acquisition”terms hereof, Holdings the Borrower will, and will cause each of its Subsidiaries to, own 100% of the Equity Interests of each of their Subsidiaries (other than, in the case of a Foreign SubsidiariesSubsidiary, directors’ qualifying shares and and/or 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 (Lee Enterprises, Inc)

AutoNDA by SimpleDocs

Ownership of Subsidiaries; etc. Except as otherwise permitted by Section 10.05 9.05(xiii) and the definition of “Permitted Acquisition”, Holdings and the Borrower will, and the Borrower will cause each of its Subsidiaries to, own 100% of the capital stock and other Equity Interests of each of their Subsidiaries (other than, in the case of Foreign Subsidiaries, directors’ qualifying shares and other nominal amounts held by local nationals, in each case to the extent required by applicable law).

Appears in 1 contract

Samples: Credit Agreement (Town Sports International Holdings Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!