Subsidiaries and Unrestricted Subsidiaries Sample Clauses

Subsidiaries and Unrestricted Subsidiaries. (a) The Borrower may designate any Unrestricted Subsidiary to be a Subsidiary, provided that the Borrower may not make such designation unless at the time of such action and after giving effect thereto, (i) none of such Unrestricted Subsidiaries have outstanding Indebtedness, other than Indebtedness permitted under Section 7.01, or Liens on any of their property, other than Permitted Liens (in each case taking into account the other Indebtedness and Liens of the Borrower and its Subsidiaries), (ii) no Default or Event of Default shall exist, (iii) all representations and warranties herein will be true and correct in all material respects (or in all respect, to the extent that any such representation or warranty is qualified by materiality) as if remade at the time of such designation, except to the extent such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects (or in all respect, to the extent that any such representation or warranty is qualified by materiality) as of such earlier date, and (iv) the Borrower has provided to the Administrative Agent and officer’s certificate in form satisfactory to the Administrative Agent to the effect that each of the foregoing conditions has been satisfied.
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Subsidiaries and Unrestricted Subsidiaries. Except as listed on Schedule 5.1(c)-1 attached hereto (as amended by the Borrower after the Agreement Date upon written notice to the Lenders from time to time to the extent permitted hereunder), the Borrower does not have any Subsidiaries. With respect to each of the Borrower Parties, Schedule 5.1(c)-1 also sets forth, as of the Agreement Date, the following: (i) the direct owners of such Company and the extent of such ownership; (ii) the state of such Company’s incorporation or organization; (iii) all jurisdictions in which such Company is qualified to do business as a foreign corporation, limited liability company or partnership, as the case may be; and (iv) the federal tax identification number, the state organizational identification number (if issued by the state of such Company’s incorporation or organization), the address of the chief executive office and principal place of business of such Company, and the name and registered office of the registered agent appointed by such Company. Except as set forth on Schedule 5.1(c)-2 attached hereto, there are no Unrestricted Subsidiaries. With respect to each Unrestricted Subsidiary, Schedule 5.1(c)-2 also sets forth, as of the Agreement Date, the following: (i) the direct owners of such Unrestricted Subsidiary and the extent of such ownership; (ii) the state of such Unrestricted Subsidiary’s incorporation or organization; and (iii) all jurisdictions in which such Unrestricted Subsidiary is qualified to do business as a foreign corporation, limited liability company or partnership, as the case may be.
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Subsidiaries and Unrestricted Subsidiaries. Section 6.09(b) of the Original Agreement is hereby amended to read as follows:
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Subsidiaries and Unrestricted Subsidiaries. 1. Capital Power Income LP 2. CPI Income Services, Ltd.
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Subsidiaries and Unrestricted Subsidiaries. Except as listed on SCHEDULE 5.1(C)-1 attached hereto (as amended by the Borrower after the Agreement Date upon written notice to the Lenders from time to time to the extent permitted hereunder), the Borrower does not have any Subsidiaries. With respect to each of the RMG Companies, SCHEDULE 5.1(c)-1 also sets forth, as of the Agreement Date, the following: (i) the direct owners of such Company and the extent of such ownership; (ii) the state of such Company's incorporation or organization; (iii) all jurisdictions in which such Company is qualified to do business as a foreign corporation, limited liability company or partnership, as the case may be; (iv) the federal tax identification number, the state organizational identification number (if issued by the state of such Company's incorporation or organization), the address of the chief executive office and principal place of business of such Company, and the name and registered office of the registered 54 agent appointed by such Company. Except as set forth on SCHEDULE 5.1(C)-2, attached hereto (as amended by the Borrower after the Agreement Date upon written notice to the Lenders from time to time to the extent permitted hereunder), there are no MGM Companies. With respect to each MGM Company, SCHEDULE 5.1(C)-2 also sets forth, as of the Agreement Date, the following: (i) whether such MGM Company is a MGM Operating Company; (ii) the direct owners of such MGM Company and the extent of such ownership; (iii) the state of such MGM Company's incorporation or organization; and (iv) all jurisdictions in which such MGM Company is qualified to do business as a foreign corporation, limited liability company or partnership, as the case may be. Except as set forth on SCHEDULE 5.1(C)-3 attached hereto, there are no Unrestricted Subsidiaries. With respect to each Unrestricted Subsidiary, SCHEDULE 5.1(C)-3 also sets forth, as of the Agreement Date, the following: (i) the direct owners of such Unrestricted Subsidiary and the extent of such ownership; (ii) the state of such Unrestricted Subsidiary's incorporation or organization; and (iii) all jurisdiction in which such Unrestricted Subsidiary is qualified to do business as a foreign corporation, limited liability company or partnership, as the case may be.
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Subsidiaries and Unrestricted Subsidiaries. Parent has no Subsidiaries except those Subsidiaries (a) which are identified in Item 6.8 of the Disclosure Schedule or (b) which are permitted to have been organized or acquired in accordance with Sections 7.1.8 or 7.2.5. Sterling Chemicals Acquisitions, Inc. and its direct and indirect Subsidiaries meet, and are otherwise in compliance with all of the requirements for the designation of an Unrestricted Subsidiary as set forth in clauses (i) through (vi) of the definition thereof.
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Subsidiaries and Unrestricted Subsidiaries. Parent has no Subsidiaries except those Subsidiaries (a) which are identified in Item 6.8 of the Disclosure Schedule or (b) which are permitted to have been organized or acquired in accordance with Sections 7.1.8 or 7.2.5. Sterling Chemicals Acquisitions, Inc. and its direct and indirect Subsidiaries meet, and are otherwise in compliance with all of the requirements for the designation of an Unrestricted Subsidiary as set forth in clauses (i) through (vi) of the definition thereof.
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Related to Subsidiaries and Unrestricted Subsidiaries

  • Designation of Unrestricted Subsidiaries The Borrower Representative may at any time after the Closing Date designate any Restricted Subsidiary as an Unrestricted Subsidiary and subsequently re-designate any Unrestricted Subsidiary as a Restricted Subsidiary, if other than for purposes of designating a Restricted Subsidiary as an Unrestricted Subsidiary that is a Receivables Subsidiary in connection with the establishment of a Qualified Receivables Financing (i) the Interest Coverage Ratio of UK Holdco and the Restricted Subsidiaries for the most recently ended Reference Period preceding such designation or re-designation, as applicable, would have been, on a Pro Forma Basis, at least the lesser of (x) 2.00 to 1.00 and (y) the Interest Coverage Ratio as of the most recently ended Reference Period and (ii) no Event of Default has occurred and is continuing or would result therefrom. The designation of any Restricted Subsidiary as an Unrestricted Subsidiary after the Closing Date shall constitute an Investment by the applicable Loan Party or Restricted Subsidiary therein at the date of designation in an amount equal to the Fair Market Value of the applicable Loan Party’s or Restricted Subsidiary’s investment therein; provided that if any subsidiary (a “Subject Subsidiary”) being designated as an Unrestricted Subsidiary has a subsidiary that was previously designated as an Unrestricted Subsidiary (the “Previously Designated Unrestricted Subsidiary”) in compliance with the provisions of this Agreement, the Investment of such Subject Subsidiary in such Previously Designated Unrestricted Subsidiary shall not be taken into account, and shall be excluded, in determining whether the Subject Subsidiary may be designated as an Unrestricted Subsidiary hereunder. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (x) the incurrence at the time of designation of Indebtedness or Liens of such Subsidiary existing at such time, and (y) a return on any Investment by the applicable Loan Party or Restricted Subsidiary in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the Fair Market Value at the date of such designation of such Loan Party’s or Restricted Subsidiary’s Investment in such Subsidiary. For the avoidance of doubt, neither a Borrower nor UK Holdco shall be permitted to be an Unrestricted Subsidiary. At any time a Subsidiary is designated as an Unrestricted Subsidiary hereunder, the Borrower Representative shall cause such Subsidiary to be designated as an Unrestricted Subsidiary (or any similar applicable term) under the Senior Secured Notes.

  • Unrestricted Subsidiaries The Borrower:

  • Designation of Restricted and Unrestricted Subsidiaries The Board of Directors may designate any Restricted Subsidiary to be an Unrestricted Subsidiary in accordance with the definition of “Unrestricted Subsidiary” if the designation would not cause a Default. All outstanding Investments owned by the Company and its Restricted Subsidiaries in the designated Unrestricted Subsidiary will be treated as an Investment made at the time of the designation and will either reduce the amount available for Restricted Payments under Section 4.07(a) or be a Permitted Investment, as applicable. The amount of all such outstanding Investments will be the aggregate fair market value of such Investments at the time of the designation. The designation will not be permitted if such Investment would not be permitted as a Restricted Payment or Permitted Investment at that time and if such Restricted Subsidiary does not otherwise meet the definition of an Unrestricted Subsidiary. Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall be evidenced to the Trustee by filing with the Trustee a certified copy of the Board Resolution giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the foregoing conditions and the conditions set forth in the definition of “Unrestricted Subsidiary” and was permitted by Section 4.07. If, at any time, any Unrestricted Subsidiary would fail to meet any of the requirements as an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 4.09, the Company shall be in default of such Section 4.09. The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided that such designation shall be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation shall only be permitted if (1) such Indebtedness is permitted under Section 4.09, calculated on a pro forma basis as if such designation had occurred at the beginning of the four-quarter reference period; and (2) no Default or Event of Default would be in existence following such designation. Notwithstanding the foregoing, no Subsidiary of the Company shall be designated an Unrestricted Subsidiary during any Suspension Period.

  • Additional Subsidiaries If any additional Subsidiary, other than an Insignificant Subsidiary, a Notes SPV or a Special Purpose Receivables Subsidiary, is formed or acquired after the Sixth ARCA Effective Date, the Borrower will, within ten Business Days after such Subsidiary is formed or acquired, notify the Administrative Agent and the Collateral Agent thereof and cause the Collateral and Guarantee Requirement to be satisfied with respect to any Equity Interest in such Subsidiary held by a Loan Party and any Indebtedness of such Subsidiary owed to a Loan Party. If at any time any Subsidiary that is not then a Loan Party, other than (A) an Insignificant Subsidiary, (B) prior to the PAETEC Notes Redemption Date, a Qualified PAETEC Group Member, (C) a Notes SPV, (D) any Subsidiary listed on Schedule 5.10 or (E) a Special Purpose Receivables Subsidiary, (x) is a wholly-owned Domestic Subsidiary and is permitted by applicable law or regulation (without the need to obtain any Governmental Authorization) to Guarantee the Facility Obligations or (y) Guarantees any Loan Party’s obligations in respect of any AC Holdings Bonds or any other Indebtedness (other than Indebtedness created under the Loan Documents), the Borrower shall promptly cause (A) such Subsidiary to Guarantee the Facility Obligations pursuant to the Guarantee Agreement (in the case of any Subsidiary described in clause (y), on terms no less favorable to the Lenders than those applicable under such Guarantee of other Indebtedness) and (B) the other provisions of the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary, whereupon such Subsidiary will become a “Guarantor” and “Lien Grantor” for purposes of the Loan Documents. The Borrower will not, and will not permit any of its Subsidiaries to, form or acquire any Subsidiary (other than Insignificant Subsidiaries and other than (i) any Notes SPV, (ii) prior to the PAETEC Notes Redemption Date, any Qualified PAETEC Group Member and (iii) any Special Purpose Receivables Subsidiary) after the Sixth ARCA Effective Date unless either (x) all of the Equity Interests in such Subsidiary shall be directly held by a Loan Party or (y) such Subsidiary shall have Guaranteed the Facility Obligations pursuant to the Guarantee Agreement and shall have satisfied the other provisions of the Collateral and Guarantee Requirement with respect to such Subsidiary. Prior to the PAETEC Notes Redemption Date, the Borrower will not permit any PAETEC Group Member to form or acquire any Subsidiary except for the purpose of reorganizing the organizational structure or form of organization of any of the PAETEC Group Members. For the avoidance of doubt, from and after the PAETEC Notes Redemption Date, any Qualified PAETEC Group Member not previously subject to the requirements set forth in this Section 5.10 shall be subject to the requirements set forth in this Section 5.10 as if such Qualified PAETEC Group Member became a Subsidiary on such date.

  • Subsidiaries and Investments The Company does not own, directly or indirectly, any capital stock or other equity, ownership or proprietary interest in any corporation, partnership, association, trust, joint venture or other entity (each a "Company Subsidiary").

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