Common use of Status of Subsidiaries Clause in Contracts

Status of Subsidiaries. Each Subsidiary of the Borrower: (i) shall be a corporation, limited partnership, general partnership, trust or limited liability corporation formed under the laws of (A) Canada or a province thereof, (B) a state of the United States of America or the District of Columbia, (C) the United Kingdom, (D) Germany, (E) Belgium, (F) Hungary or (G) Holland; and (ii) shall (A) if such Subsidiary is a Restricted Subsidiary, be wholly-owned by the Borrower or a Restricted Subsidiary, or (B) if such Subsidiary is an Unrestricted Subsidiary, be owned, wholly or in part (subject to the terms of this Agreement), by the Borrower or another Subsidiary.

Status of Subsidiaries. Each Subsidiary of the Borrower: (: ( i) shall be a corporation, limited partnership, general partnership, trust or limited liability corporation formed under the laws of (A) Canada or a province thereof, (B) a state of the United States of America or the District of Columbia, (C) the United Kingdom, (D) Germany, (E) BelgiumIndia, or (F) Hungary or (G) HollandHungary; and (and ( ii) shall (A) if such Subsidiary is a Restricted Subsidiary, be wholly-wholly - owned by the Borrower or a Restricted Subsidiary, or (B) if such Subsidiary is an Unrestricted Subsidiary, be owned, wholly or in part (subject to the terms of this Agreement), by the Borrower or another Subsidiary.

Status of Subsidiaries. Each Subsidiary of the BorrowerJustEnergy: (i) shall be a corporation, limited partnership, general partnership, trust or limited liability corporation formed under the laws of (A) Canada or a province thereof, (B) a state of the United States of America or the District of Columbia, (C) the United Kingdom, (D) Germany, (E) Belgium, Belgium or (F) Hungary or (G) Holland; and (ii) shall (A) if such Subsidiary is a Restricted Subsidiary, be wholly-owned by the JustEnergy, a Borrower or a Restricted Subsidiary, or (B) if such Subsidiary is an Unrestricted Subsidiary, be owned, wholly or in part (subject to the terms of this Agreement), by the Borrower JustEnergy or another Subsidiary.