Examples of Covered Subsidiary in a sentence
The Borrower hereby agrees that (A) it will not request, and will not permit any Covered Subsidiary to request, any withdrawals from the accounts described in this Section 5.16 not permitted hereunder and under the terms of the Security Agreement and (B) JPMorgan Chase Bank, N.A. shall not be required to release any amounts requested in violation of the terms hereof or of the Security Agreement and shall not be liable to the Borrower or any Affiliate thereof for such failure to release any such funds.
Schedule 4.4(c) sets forth the Indebtedness for borrowed money of each Covered Subsidiary existing on the Closing Date.
A Covered Subsidiary of the Grantee is an entity controlled by the Grantee and whose items of income or deduction, if any, are reflected in the tax returns of the Grantee, including any entity that is disregarded from the Grantee for Federal income tax purposes.
No financing statement or other public notice with respect to all or any part of the Collateral or the other Covered Assets or in respect of any Covered Subsidiary is on file or of record in any public office, except in respect of Liens permitted under the Credit Agreement.
No Covered Subsidiary has incurred any Indebtedness or guaranteed any Indebtedness other than Indebtedness permitted by Section 5.14.