Common use of Ownership of the Borrowers Clause in Contracts

Ownership of the Borrowers. The Parent, or a direct Material Subsidiary of the Parent, will at all times own at least 80% of the outstanding equity of each Borrower (other than the Parent).

Appears in 3 contracts

Samples: Revolving Credit Agreement (Ch2m Hill Companies LTD), Agreement (Ch2m Hill Companies LTD), Ch2m Hill Companies (Ch2m Hill Companies LTD)

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Ownership of the Borrowers. The Parent, or a direct Material -------------------------- Subsidiary of the Parent, will at all times own at least 80% of the outstanding equity of each Borrower (other than the Parent).

Appears in 1 contract

Samples: Credit Agreement (Ch2m Hill Companies LTD)

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