Common use of Property of Foreign Subsidiaries Clause in Contracts

Property of Foreign Subsidiaries. As of the Effective Date, the aggregate book value of the total assets owned by Foreign Subsidiaries of Borrower is no greater than 5% of the aggregate book value of the total assets owned by Borrower and all of its Subsidiaries.

Appears in 2 contracts

Samples: Credit Agreement (Solaris Oilfield Infrastructure, Inc.), Credit Agreement (Solaris Oilfield Infrastructure, Inc.)

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Property of Foreign Subsidiaries. As of the Effective Closing Date, the aggregate book value of the total assets owned by Foreign Subsidiaries of Borrower any Obligor is no greater than 5% of the aggregate book value of the total assets owned by Borrower such Obligor and all of its Subsidiaries.

Appears in 1 contract

Samples: Senior Secured Term Loan Agreement (Solaris Energy Infrastructure, Inc.)

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Property of Foreign Subsidiaries. As of the Amendment No. 2 Effective Date, the aggregate book value of the total assets owned by Foreign Subsidiaries of Borrower is no greater than 5% of the aggregate book value of the total assets owned by Borrower and all of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Solaris Oilfield Infrastructure, Inc.)

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