Common use of Ownership of Subsidiaries; etc Clause in Contracts

Ownership of Subsidiaries; etc. Except pursuant to a Permitted Acquisition consummated in accordance with the terms hereof, Holdings will, and will cause each of its Subsidiaries to, own, directly or indirectly, 100% of the Equity Interests of each of their Subsidiaries (other than, in the case of a Non-U.S. Subsidiary of Holdings, 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 2 contracts

Samples: Reimbursement Agreement (Endeavour International Corp), Credit Agreement (Endeavour International Corp)

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Ownership of Subsidiaries; etc. Except pursuant to a as otherwise permitted by Section 9.05(xiii) and by the definition of Permitted Acquisition consummated in accordance with the terms hereofAcquisition, Holdings will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Equity Interests capital stock and other equity interests of each of their Subsidiaries (other than, in the case of a Non-U.S. Subsidiary of HoldingsForeign Subsidiary, directors' qualifying shares and/or other and 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 Agreement (Fairchild Semiconductor International Inc)

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Ownership of Subsidiaries; etc. Except as otherwise permitted pursuant to a Permitted Acquisition consummated in accordance with the terms hereof, Holdings the Company will, and will cause each of its Subsidiaries to, own, directly or indirectly, own 100% of the Equity Interests of each of their Subsidiaries (other than, in the case of a Non-U.S. Foreign Subsidiary of Holdingsthe Company, 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). Holdings will at all times hold 100% of the Equity Interests of the Company.

Appears in 1 contract

Samples: Abl Credit Agreement (Par Petroleum Corp/Co)

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