Common use of Ownership of Subsidiaries; etc Clause in Contracts

Ownership of Subsidiaries; etc. Holdings will, and will cause each of its Restricted Subsidiaries to, own 100% of the Equity Interests of each of their Subsidiaries, other than (i) as permitted by Section 7.02 and (ii) directors’ qualifying shares to the extent required by applicable law).

Appears in 2 contracts

Samples: Credit Agreement (Styron Canada ULC), Credit Agreement (Trinseo S.A.)

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Ownership of Subsidiaries; etc. Holdings Except as otherwise permitted by Section 9.05(xiii) and the definition of Permitted Acquisition, the Borrower will, and will cause each of its Restricted Subsidiaries to, own own, individually or collectively, 100% of the capital stock and other Equity Interests of each of their Subsidiaries, Subsidiaries (other than (i) as permitted by Section 7.02 and (ii) directors’ qualifying shares to the extent required by applicable law).

Appears in 1 contract

Samples: Credit Agreement (Duratek Inc)

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Ownership of Subsidiaries; etc. Except as a result of a Permitted Acquisition consummated in accordance with the terms hereof, Holdings will, and will cause each of its Restricted Subsidiaries to, own 100% of the Equity Interests of each of their Subsidiaries, Subsidiaries (other than (i) as permitted by Section 7.02 and (ii) directors’ qualifying shares to the extent required by applicable lawlaw or Investments in joint ventures permitted by this Agreement).

Appears in 1 contract

Samples: Credit Agreement (STG Group, Inc.)

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