Subsidiaries/Other Indebtedness Sample Clauses
The "Subsidiaries/Other Indebtedness" clause defines the rules and limitations regarding the debts or financial obligations that a company's subsidiaries may incur. Typically, this clause outlines the types and amounts of indebtedness that are permitted for subsidiaries, and may require the parent company to ensure that subsidiaries do not exceed certain thresholds or take on prohibited forms of debt. By setting these boundaries, the clause helps protect the interests of lenders or investors by preventing excessive risk-taking or hidden liabilities within the broader corporate group.
Subsidiaries/Other Indebtedness. All of the Subsidiaries of Seller and the wholly owned subsidiaries of Guarantor at the date hereof are listed on Schedule 3 to this Agreement. All Indebtedness of each Seller Party (other than Indebtedness created pursuant to this Agreement) is listed on Schedule 5 to this Agreement.
Subsidiaries/Other Indebtedness. No Borrower other than Parent Borrower has any Subsidiaries and Parent Borrower has no Subsidiaries other than the other Borrowers. No Borrower has any Indebtedness other than Indebtedness created pursuant to this Loan Agreement, Indebtedness created pursuant to a Mezzanine Financing Facility, if any, and ordinary trade payables not yet due and owing beyond their ordinary course. Schedule 3 attached hereto lists all of Guarantor’s Indebtedness, other than the Indebtedness created pursuant to this Loan Agreement, which Schedule 3 may be updated from time to time in writing by Guarantor.
Subsidiaries/Other Indebtedness. Borrower has no Subsidiaries. Borrower does not have any Indebtedness other than Indebtedness created pursuant to this Agreement and the other Loan Documents and ordinary trade payables on customary terms not yet due and owing. Since its formation, the Borrower has conducted no activities other than the acquisition and renovation and leasing of the REO Properties, the execution, delivery and performance of the Loan Documents and consummation of the transactions contemplated hereby, and such other activities as are incidental to the foregoing.
Subsidiaries/Other Indebtedness. Borrower has no Subsidiaries other than Eligible Property Owners represented by Pledged Equity delivered to Administrative Agent for the benefit of the Secured Parties. None of Borrower or any Eligible Property Owner has any Indebtedness other than Indebtedness created pursuant to the Loan Documents and ordinary trade payables not yet due and owing beyond their ordinary course.
Subsidiaries/Other Indebtedness. All of the Subsidiaries of Seller at the date hereof are listed on Schedule 3 to this Agreement. All Indebtedness of Seller that is greater than $10,000,000 (other than Indebtedness created pursuant to this Agreement) is listed on Schedule 5 to this Agreement.
Subsidiaries/Other Indebtedness. Borrower has no Subsidiaries other than Eligible REO Entities represented by Pledged Equity delivered to Lender. None of Borrower or any Eligible REO Entity has any Indebtedness other than Indebtedness created pursuant to the Loan Documents and ordinary trade payables not yet due and owing beyond their ordinary course.