Subsidiary of the Company. The Credit Parties may make loans and advances to other Credit Parties upon the terms and conditions thereto contained in the Credit Agreement, including, without limitation, the subordination of such obligations to the obligations of the Credit Parties under the Loan Documents. The obligations of the Lenders to make Loans are conditioned on, among other things, the execution and delivery by each Credit Party of a Subordination Agreement in the form hereof.
Subsidiary of the Company. The term "
Subsidiary of the Company. The Company owns directly ------------------------- securities representing fifty-one percent (51%) of the aggregate voting power of Palmetto Lime, LLC, a limited liability company organized and existing under the laws of the state of South Carolina (hereinafter referred to as the "Subsidiary"). All membership interests of the Subsidiary owned by the Company ---------- are free and clear of all Encumbrances, other than such Encumbrances which were incurred by Purchaser or caused to be incurred by the Company or any Subsidiary by Purchaser as a result of the transactions contemplated by this Agreement, and all such membership interests are duly authorized, validly issued, fully paid and nonassessable. The Company does not own an equity or other ownership interest in any Person other than the Subsidiary. There are no preemptive or other outstanding rights, options, warrants, conversion rights, stock appreciation rights, redemption rights, agreements, arrangements or commitments to issue or sell any shares of capital stock or other securities of the Subsidiary or any securities or obligations convertible or exchangeable into or exercisable for, or giving any Person a right to subscribe for or acquire, any securities of the Subsidiary, and no securities or obligations evidencing such rights are authorized, issued or outstanding. There is no obligation of the Company or Seller to purchase any equity of the Subsidiary. The Subsidiary does not have outstanding any bonds, debentures, notes or other obligations the holders of which have the right to vote (or convertible into or exercisable for securities having the right to vote) with the unitholder of the Subsidiary on any matter. The Subsidiary is a limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, has the power and authority to own or lease its assets and to carry on its business substantially as it is now being conducted, and is duly qualified as a foreign corporation to do business, and is in good standing, in each jurisdiction where the ownership or operation of its properties and assets or the conduct of its business requires such qualification, except where the failure to be so qualified would not be reasonably likely to have a Material Adverse Effect.
Subsidiary of the Company. If the Grantee has not designated such beneficiary, or desires to designate a different beneficiary, the Grantee may file with the Company a written designation of a beneficiary under this Agreement, which designation may be changed or revoked only by the Grantee. If no designation of beneficiary has been made under such life insurance coverage or filed with the Company under this Agreement, distribution shall be made to the Grantee's spouse, if surviving; otherwise in equal shares to the surviving children of the Grantee, if any; otherwise to the Grantee's estate.
Subsidiary of the Company. The term "subsidiary of the Company" shall mean a corporation a majority of the outstanding voting stock of which is owned, directly or indirectly, by the Company or by one or more subsidiaries of the Company, or by the Company and one or more subsidiaries of the Company. As used under this heading, the term "voting stock" means stock having ordinary voting power to elect a majority of the directors irrespective of whether or not stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency.
Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.
Subsidiary of the Company. (a) CircuLite GmbH, a German limited liability company, is the sole Subsidiary of the Company and is wholly-owned by the Company. The Company does not directly or indirectly (including through the Subsidiary of the Company) own any equity interest in any other Person.
(b) The Company’s Subsidiary (i) is an entity duly organized and validly existing under the Laws of the Federal Republic of Germany, (ii) has all requisite organizational power and authority to own, lease and operate its properties and assets and to carry on its business as it is now being conducted, and (iii) is duly qualified or licensed to do business in each jurisdiction in which the nature of the business conducted by it or the operation, ownership or leasing of its properties or assets makes such qualification or license necessary; except, in the case of clauses (ii) and (iii), where the failure to have such corporate power and authority or to be so qualified or licensed, individually or in the aggregate, have not had and would not have, a Company Material Adverse Effect. The Articles of Association of the Company’s Subsidiary (collectively, the “Subsidiary Organizational Documents”), copies of which have previously been made available to Parent, are correct and complete copies of the organizational documents of the Company’s Subsidiary as in effect as of the date hereof.
Subsidiary of the Company. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than Xxxxxxx Technologies Europe BV, which subsidiary does not constitute a "significant subsidiary," as defined in Rule 1-02(v) of Regulation S-X under the Securities Act.
Subsidiary of the Company. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiary listed in Exhibit 21.1 to the Registration Statement.
Subsidiary of the Company. No such pledge, security or debt agreement may be used to interpret this Security Agreement.
