Common use of Unit Subsidiary Clause in Contracts

Unit Subsidiary. Except for Units that are the subject of a Permitted Stand-Alone Capital Lease Transaction, all Non-Qualified Units owned by any Loan Party which are located in the United States of America or any State or territory thereof are owned by the Unit Subsidiary or, if acquired by any other Loan Party after the Closing Date, shall within ninety days after the month in which such acquisition occurred (or such longer period as the Agent may agree in its sole discretion), be contributed to the Unit Subsidiary.

Appears in 2 contracts

Samples: Abl Credit Agreement (Target Hospitality Corp.), Abl Credit Agreement (Target Hospitality Corp.)

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Unit Subsidiary. Except for Units that are the subject of a Permitted Stand-Alone Capital Lease Transaction, all Non-Qualified Units owned by any U.S. Domiciled Loan Party which are located in the United States of America or any State or territory thereof 153 are owned by the Unit Subsidiary or, if acquired by any other U.S. Domiciled Loan Party after the Closing Date, shall within ninety days five Business Days after the month in which such acquisition occurred (or such longer period as the Agent may agree in its sole discretion)occurred, be contributed to the Unit Subsidiary.

Appears in 1 contract

Samples: Abl Credit Agreement (WillScot Corp)

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Unit Subsidiary. Except for Units that are the subject of a Permitted Stand-Alone Capital Lease Transaction, all Non-Qualified Units owned by any Loan Party which are located in the United States of America or any State or territory thereof are owned by the Unit Subsidiary or, if acquired by any other Loan Party after the Closing Date, shall within ninety days five Business Days after the month in which such acquisition occurred (or such longer period as the Agent may agree in its sole discretion)occurred, be contributed to the Unit Subsidiary.

Appears in 1 contract

Samples: Abl Credit Agreement (Target Hospitality Corp.)

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