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

• All the outstanding shares of capital stock or other equity interests of each Covered Subsidiary (i) have been duly and validly authorized and issued, (ii) are fully paid and non-assessable, (iii) are owned directly or indirectly by the Company, except as set forth in the Time of Sale Information, and (iv) are free and clear of any lien, charge, encumbrance, security interest, restriction on voting or transfer or any other claim of any third party.

• 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.

• 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 Hedging Agreement, except for Hedging Agreements entered into (i) to hedge or mitigate risks to which the Borrower or such Covered Subsidiary has actual exposure and (ii) not for speculative purposes.

• Neither the Company nor any Covered Subsidiary is an "Investment Company" within the meaning of Investment Company Act of 1940, as amended.

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 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 Manitowoc ParentCo or SpinCo, as applicable, that satisfies the definition of “Subsidiary” under a Manitowoc ParentCo insurance policy.

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.