Examples of Active Subsidiaries in a sentence
Each parcel of land that an KGEM Active Subsidiaries closes on, is considered a facility.
The Company and its Active Subsidiaries are corporations duly organized and validly existing in good standing under the laws of the jurisdiction in which they are incorporated, and have the requisite corporate power to own their properties and to carry on their business as now being conducted.
Each of the Company and its Active Subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted by it makes such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have a material adverse effect on the Company and its Active Subsidiaries taken as a whole.
Notwithstanding anything to the contrary contained herein or in any other document delivered by the Company or the Active Subsidiaries pursuant hereto (together with this Note, the other 2009 Notes and including the documents described in Section 1(b) hereof, the “Transaction Documents”), all payments made by the Company shall be applied to principal, interest, fees and other charges due the Holder hereunder in such order of priority as the Holder shall elect.
All Active Subsidiaries and their respective jurisdictions of organization are either identified in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 1998 (the "COMPANY 10-K") or in Section 4.06 of the Company Disclosure Letter.