Unrestricted Subsidiary. 12 U.S. Government Obligations.............................................................. 12
Unrestricted Subsidiary. Delete the definition of Unrestricted Subsidiary in Clause 1.1 (Definitions) and replace it with the following:
Unrestricted Subsidiary. 13 U.S. Government Obligations . . . . . . . . . . . . . . . . . . 13 vice president . . . . . . . . . . . . . . . . . . . . . . . . . 13
Unrestricted Subsidiary. 25 U.S. Global Note..................... 25 U.S. Government Obligations.......... 25 U.S. Physical Notes.................. 26
Unrestricted Subsidiary amend the Credit Agreement to provide that an Unrestricted Subsidiary means each Subsidiary of the Company that is not an Obligor and which is designated by the Company in writing as an Unrestricted Subsidiary.
Unrestricted Subsidiary. Section 1.01 of the Indenture is hereby amended so that the definition of "Unrestricted Subsidiary" shall read in its entirety as set forth below:
Unrestricted Subsidiary. The term "
Unrestricted Subsidiary. Notwithstanding anything to the contrary contained herein, the purchase of any portion of any Loans or Commitments by the Unrestricted Subsidiary, and the Unrestricted Subsidiary’s status as a “Lender” for all purposes under this Agreement or any other Loan Document, shall be subject to the following provisions:
Unrestricted Subsidiary. Designate any Loan Party as an “Unrestricted Subsidiary”, unless such Loan Party has been designated as an “Unrestricted Subsidiary” (a) in accordance with and as permitted under each Senior High Yield Indenture as in effect on (x) the Closing Date or (y) with respect to any Senior High Yield Documents entered into after the Closing Date in accordance with the terms hereof, the date such documents are entered into and (b) in compliance with, and subject to the conditions specified in, Section 10.2.3(k). 10.2.19
Unrestricted Subsidiary. (a) any Subsidiary of WS International that is formed or acquired after the Closing Date, provided that at such time (or within 20 Business Days thereafter) WS International designates such Subsidiary an Unrestricted Subsidiary in a written notice to Agent, (b) any Restricted Subsidiary of WS International subsequently re-designated as an Unrestricted Subsidiary by WS International in a written notice to Agent, provided that in the case of (a) and (b), (x) such designation or re-designation shall be deemed to be an Investment on the date of such designation or re-designation in an Unrestricted Subsidiary in an amount equal to the sum of (i) such Loan Party’s direct or indirect equity ownership percentage of the fair market value of such designated or re-designated Restricted Subsidiary immediately prior to such designation or re-designation and (ii) the aggregate outstanding principal amount of any Indebtedness owed by such designated or re-designated Restricted Subsidiary to any Loan Party or any other Restricted Subsidiary immediately prior to such designation or re-designation, all calculated on a consolidated basis in accordance with GAAP, (y) the Payment Condition shall be satisfied after giving effect to such designation or re-designation, and (z) no Default or Event of Default is then continuing or would result from such designation or re-designation and (c) each Subsidiary of an Unrestricted Subsidiary; provided, however, that (i) such Subsidiary shall constitute an “Unrestricted Subsidiary” (under and as defined under the Senior Secured Notes Indenture on the Closing Date) and an “unrestricted subsidiary” (or similar term) under any other document, instrument or agreement evidencing or governing Indebtedness of a Loan Party in a principal amount in excess of $30,000,000 at the time of any determination made hereunder and (ii) at the time of any written designation or re-designation by the applicable Loan Party to Agent that any Unrestricted Subsidiary shall no longer constitute an Unrestricted Subsidiary, such Unrestricted Subsidiary shall cease to be an Unrestricted Subsidiary to the extent no Default or Event of Default would result from such designation or re-designation. An Unrestricted Subsidiary which has been re-designated as a Restricted Subsidiary may not be subsequently re-designated as an Unrestricted Subsidiary. As of the Closing Date, no Subsidiary is an Unrestricted Subsidiary. Notwithstanding anything herein to the contrary, no Borr...
