Preservation of Ownership. Preserve and maintain, and cause each Restricted Subsidiary of any Credit Party to preserve and maintain, as applicable, ownership interests in (i) each of the Guarantors (other than OpCo GP) such that each is a Wholly-Owned Subsidiary of CPG and (ii) OpCo GP such that OpCo GP is a Wholly-Owned Subsidiary of the Borrower; provided that that no such Person shall be required to preserve any such ownership to the extent required to effect the Specified Separation Transaction.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Columbia Pipeline Group, Inc.), Revolving Credit Agreement (Columbia Pipeline Partners LP)
Preservation of Ownership. Preserve and maintain, and cause each Restricted Subsidiary of any Credit Party to preserve and maintain, as applicable, ownership interests in (i) each of MLP GP and the Guarantors (other than OpCo GP) such that each is a Wholly-Owned Subsidiary of CPG and (ii) OpCo GP such that OpCo GP is a Wholly-Owned Subsidiary of the Borrower; provided that that no such Person shall be required to preserve any such ownership to the extent required to effect the Specified Separation Transaction.
Appears in 1 contract
Samples: Revolving Credit Agreement (Columbia Pipeline Group, Inc.)
Preservation of Ownership. Preserve and maintain, and cause each Restricted Subsidiary of any Credit Party to preserve and maintain, as applicable, ownership interests in (i) each of the Guarantors (other than OpCo GP) such that each is a Wholly-Owned Subsidiary of CPG and (ii) OpCo GP such that OpCo GP is a Wholly-Owned Subsidiary of the Borrower; provided that that no such Person shall be required to preserve any such ownership to the extent required to effect the Specified Separation Transaction.and
Appears in 1 contract
Samples: Revolving Credit Agreement
