Examples of Affected Subsidiary in a sentence
Notwithstanding the foregoing, except as provided in Section 5.09(b) or 5.09(d)(iii) or in Article X of this Agreement, no Foreign Subsidiary shall be required to guaranty the payment or performance of any Secured Obligations for so long as such Foreign Subsidiary is an Affected Subsidiary.
Throughout the term of this Agreement, Owner or the relevant Affected Subsidiary, as the case may be, shall retain all ultimate authority over the business, policies, operations and assets of each of the Affected Facilities and, therefore, shall have the right to review Manager's activities as manager of the Affected Facilities.
Pursuant to Section 26 of the Credit Agreement, and subject to satisfaction of the conditions contained in Section 5 hereof, the undersigned Lenders representing the Required Lenders hereby grant the Affected Subsidiary Consent.
Notwithstanding anything contained in this Article X to the contrary, no Foreign Subsidiary Borrower which is and remains an Affected Subsidiary shall be liable hereunder for any of the Loans made solely to any one or more of the Domestic Loan Parties, or any other Secured Obligations owing or otherwise incurred solely by or on behalf any one or more of, the Domestic Loan Parties.