Covered Subsidiary definition

Covered Subsidiary means at any time any Subsidiary of the Borrower that has consolidated assets in an amount greater than $5,000,000.
Covered Subsidiary means a subsidiary that is:
Covered Subsidiary means any Subsidiary of the Company that is or becomes a guarantor of indebtedness for borrowed money represented by notes, bonds, debentures or other evidences of indebtedness of the Company that is secured by a first lien on substantially all of the Company’s assets.

Examples of Covered Subsidiary in a sentence

  • This task was inspired by real world scenarios such as pre-flight checks performed by pilots, where the order of operations is critical.

  • The Borrower will, and will cause each Covered Subsidiary to, keep proper books and accounts in which full, true and correct entries are made of all dealings and transactions in relation to its business and activities sufficient to permit the preparation of consolidated financial statements in accordance with GAAP.

  • The Borrower will not, and will not permit any Covered Subsidiary to, enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred.

  • Neither the Company nor any Covered Subsidiary is a party to any capital lease obligation with a value greater than $500,000 or to any operating lease with an aggregate annual rental greater than $500,000 during the life of such lease.

  • The Company will, and will cause each Covered Subsidiary to, continue to engage in business of the same general type as now conducted by the Company and such Subsidiaries, and will preserve, renew and keep in full force and effect its respective corporate existence and their respective material rights, privileges and franchises necessary or desirable in the normal conduct of business.


More Definitions of Covered Subsidiary

Covered Subsidiary means a corporation or other legal entity now or hereafter controlled or owned, directly or indirectly, by Xxxx Foods or WhiteWave, as applicable, that satisfies the definition of “Subsidiary” under a Xxxx Foods insurance policy.
Covered Subsidiary means any subsidiary listed in attached Schedule A, as such schedule may be revised from time to time, as a participating Employer in the Plan.
Covered Subsidiary means any Subsidiary of the Company, the total assets of which constitute at least 10% of the total assets of the Company and its consolidated Subsidiaries (including that Subsidiary), based on the most recent quarterly (including fiscal year-end) balance sheet of the Subsidiary and on the most recent quarterly (including fiscal year-end) consolidated balance sheet of the Company.
Covered Subsidiary means at any time a Subsidiary of the Borrower other than an Excluded Subsidiary.
Covered Subsidiary means a corporation or other legal entity controlled or owned, directly or indirectly, by Motorola or Freescale, as applicable, that satisfies the definition of “Subsidiary” under a Motorola insurance policy.
Covered Subsidiary means each corporation, limited partnership, limited liability company and other entity listed under Item A of Schedule C, other than those entities designated on Schedule C as an "Excluded Subsidiary."
Covered Subsidiary means a corporation or other legal entity controlled or owned, directly or indirectly, by Sunoco or SunCoke, as applicable, that is covered under a Sunoco insurance policy.