Subsidiaries as Guarantors. Except as provided in Section 8.2.4 [Loans and Investments] and Section 8.2.5 [Liquidations, Mergers, Consolidations, Acquisitions], the Borrower shall not, and shall not permit any of its Subsidiaries to, own or create, directly or indirectly, any Subsidiaries other than (i) any Subsidiary formed after the Closing Date which joins this Agreement as a Guarantor and which joins this Agreement as a Guarantor in accordance with Section 8.1.15 [Joinder of Guarantors], (ii) an Inactive Subsidiary and (iii) a Subsidiary which is not, directly or indirectly, a wholly-owned Subsidiary of the Borrower.
Appears in 3 contracts
Samples: Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp), Credit Agreement (New Jersey Resources Corp)
Subsidiaries as Guarantors. Except as provided in Section 8.2.4 [Loans and Investments] and Section 8.2.5 [Liquidations, Mergers, Consolidations, Acquisitions], the Borrower shall not, and shall not permit any of its Subsidiaries to, own or create, directly or indirectly, any Subsidiaries other than (ia) any Subsidiary formed after the Closing Date which joins this Agreement as a Guarantor and which joins this Agreement as a Guarantor in accordance with Section 8.1.15 [Joinder of Guarantors], ; (iib) an Inactive Subsidiary and (iiic) a Subsidiary which is not, directly or indirectly, a wholly-owned Subsidiary of the Borrower.
Appears in 1 contract
Samples: Revolving Credit Facility (New Jersey Resources Corp)
