Subsidiaries; Equity Interest. The Borrower shall not directly or indirectly own any Subsidiaries or any Equity Interest in any entity other than as otherwise permitted pursuant to Section 4.17.
Subsidiaries; Equity Interest. The term "subsidiary" means an organization or entity which is consolidated or is eligible to be consolidated with a party to this AGREEMENT for financial reporting purposes. Except for the BANK, WHFC has no subsidiaries. Except for shares of the BANK owned by WHFC and of the Federal Home Loan
Subsidiaries; Equity Interest. The Borrower shall not directly or indirectly own any Subsidiaries or any Equity Interest in any entity other than as otherwise permitted pursuant to Section 4.17. The Borrower shall ensure that any SPV Subsidiary (i) is wholly owned by the Borrower, (ii) will not sell, transfer, exchange or otherwise dispose of, or pledge, mortgage, hypothecate or otherwise encumber (or permit such to occur or suffer such to exist), any part of its assets, except in compliance with the Borrower’s rights and obligations under this Agreement and with such SPV Subsidiary’s Constituent Documents, (iii) will not have any Subsidiaries unless complying with the terms of clauses (ii) through (vii) of this Section 5.8, (iv) will comply with the restrictions set forth in Sections 5.3 through 5.5, 5.9 through 5.16 and 5.18 of this Agreement, (v) will not incur or guarantee any indebtedness and will not hold itself out as being liable of the debts of any other Person, (vi) will include in its Constituent Documents (A) a limitation on its business such that it may only engage in the acquisition of assets permitted under this Agreement and the disposition of such assets and the proceeds thereof to the Borrower (and activities ancillary thereto) and (B) provisions ensuring the separate existence of such SPV Subsidiary from any other Person, (vii) will have at least one director that is an independent director complying with any applicable rating agency criteria, (viii) will distribute 100% of the proceeds of the assets acquired by it (net of applicable taxes and expenses payable by it) to the Borrower and (ix) will be treated (or will elect to be treated) as a corporation for U.S. federal income tax purposes. The Borrower shall provide S&P and the Agents with prior written notice of the formation of any SPV Subsidiary and of the transfer of any asset from the Borrower to any SPV Subsidiary.
Subsidiaries; Equity Interest. As of the Closing Date, (a) the Shipowner has no subsidiaries and has no equity investments in any Person and (b) the Affiliate Guarantor is the sole parent of the Shipowner.
Subsidiaries; Equity Interest. 1. The Shipowner has the following subsidiaries:
Subsidiaries; Equity Interest. As of the Closing Date, the Company has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 4.12, and all of the outstanding equity interests in such Subsidiaries have been validly issued, are fully paid and non-assessable and are owned (directly or indirectly) by the Company in the amounts specified on Part (a) of Schedule 4.12 free and clear of all Liens. As of the Closing Date, the Company has no equity investments in any other corporation or entity other than (i) those specifically disclosed in Part (b) of Schedule 4.12 and (ii) investments in Subsidiaries. All of the outstanding equity interests in the Company have been validly issued and are fully paid and non-assessable.
Subsidiaries; Equity Interest. Buyer does not own, directly or indirectly, any capital stock, membership interest, joint venture interest or other equity interest in any person.
Subsidiaries; Equity Interest. Except for Subsidiaries (including equity interests in Subsidiaries) acquired or disposed of after the date hereof and disclosed in writing by the Company to the Administrative Agent on a quarterly basis, no Loan Party has any Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by such Loan Party in the amounts specified on Part (a) of Schedule 5.13 free and clear of all Liens except for Permitted Liens. Except for investments that are part of the Company’s supplemental executive retirement plan or the Company’s deferred compensation plan, and except for Subsidiaries (including equity interests in Subsidiaries) acquired or disposed of after the date hereof and disclosed in writing 12166481.1 2/25/2021 by the Company to the Administrative Agent on a quarterly basis, the Loan Parties have no equity investments in any other corporation or entity other than those specifically disclosed in Part (b) of Schedule 5.13. All of the outstanding Equity Interests in the Loan Parties described in Part (b) of Schedule 5.13 have been validly issued and are fully paid and nonassessable.
Subsidiaries; Equity Interest. The Parent has a wholly owned subsidiary, Discovery Gold Ghana Limited (“DG-Ghana”), which is a Ghana corporation.
Subsidiaries; Equity Interest. The term "Subsidiary" means an organization or entity which is consolidated or is eligible to be consolidated with a party to this Agreement for financial reporting purposes. Except for Lincoln Mortgage Company, Lincoln has no Subsidiaries. Except for shares the FHLB of Cincinnati owned by Lincoln or as set forth in Section 3.24 of the Lincoln Disclosure Schedule, Lincoln does not own, beneficially or otherwise, any shares of Equity Securities (as defined below) or similar interest of any corporation, bank, business trust, association or similar organization. "Equity Securities" of an issuer means capital stock or other equity securities of such issuer, options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, shares of any capital stock or other equity securities of any issuer, or contracts, commitments, understandings or arrangements by which such issuer is or may become bound to issue additional shares of its capital stock or other equity securities of such issuer, or options, warrants, scrip or rights to purchase, acquire, subscribe to, calls on or commitments for any shares of its capital stock or other equity securities. Lincoln is not a party to any partnership or joint venture.
