Designated Parent Borrower definition
Examples of Designated Parent Borrower in a sentence
If not a Designated Parent Borrower, such Borrower, or to the extent such Borrower is a series of a Delaware LLC, a Trust or a Maryland corporation, such Delaware LLC, such Trust or such Maryland corporation on behalf of such Borrower, has no Subsidiaries and no equity investments or any interest in any other Person other than portfolio securities (including investment company securities) which may have been acquired in the ordinary course of business.
Such Borrower will not at any time have any Subsidiaries other than, with respect to each Designated Parent Borrower only, its Designated Subsidiaries.
If it is a Designated Parent Borrower, such Borrower will not permit its Designated Subsidiaries to engage in any business or activity other than those permitted under such Designated Parent Borrower’s Prospectus.
No Borrower that is not a Designated Parent Borrower has any Subsidiaries or any equity investment or interest in any other Person (other than portfolio securities that have been acquired in the ordinary course of business).
If it is a Designated Parent Borrower, such Borrower will not permit its Designated Subsidiaries to engage in any business or activity other than that permitted under such Designated Parent Borrower’s Prospectus.
The Designated Parent Borrower has no Subsidiaries or any equity investment or interest in any other Person other than (i) portfolio securities that have been acquired in the ordinary course of business, and (ii) the Designated Subsidiary.
To the extent indicated below, a New Borrower shall be deemed to be a Designated Parent Borrower and subject to the restrictions set forth thereon in the Credit Agreement and any subsidiary of such Designated Parent Borrower set forth below shall be deemed to be a Designated Subsidiary of such Designated Parent Borrower.
For the avoidance of doubt, each of the Banks and the Administrative Agent acknowledge and agree that each Borrower identified on Schedule 4.11 attached hereto shall be a Designated Parent Borrower under the New Credit Agreement and each Subsidiary on Schedule 4.11 attached hereto shall be a Designated Subsidiary under the New Credit Agreement.
If it is a Designated Parent Borrower, such Borrower will not permit its Designated Subsidiaries to engage in any business or activity other than those permitted under such Designated Parent Borrower's Prospectus.
If it is a Designated Parent Borrower, such Borrower will not (a) permit its Designated Subsidiary to engage in any business or activity other than that permitted under the Designated Parent Borrower’s Prospectus or (b) itself engage in any business or activity other than (i) acting as a holding company for its Designated Subsidiary and (ii) acting as a registered open-end investment company under the 1000 Xxx.