Disqualified Subsidiary definition

Disqualified Subsidiary means any Subsidiary of Brightpoint other than (i) BPI, (ii) Brightpoint BV1, (iii) any Subsidiary of Brightpoint BV1 or (iv) any Subsidiary Borrower.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Disqualified Subsidiary means, at any time, a Subsidiary that was formerly a Qualified Designated Entity or Joint Venture Entity and that at such time has outstanding Indebtedness of the type referred to in Section 7.02(a)(ii)(F) (unless such Indebtedness is otherwise permitted pursuant to one or more other clauses of Section 7.02(a)(ii)), until such time as such Subsidiary has complied with the requirements of Section 6.12(a).

Disqualified Subsidiary means ▇▇▇▇▇▇ Holdings and each of its Subsidiaries until all ▇▇▇▇▇▇ Packaging 2014 Notes, ▇▇▇▇▇▇ Packaging 2017 Notes and ▇▇▇▇▇▇ Packaging 2018 Notes have been repaid, prepaid, repurchased or redeemed in full or defeased pursuant to the defeasance provisions contained in the related indentures.

Examples of Disqualified Subsidiary in a sentence

Enter into prior to the date that is 90 days after the Closing Date, and maintain at all times thereafter, interest rate Swap Contracts on terms and with Persons acceptable to the Administrative Agent, covering a notional amount such that at least 50% of Indebtedness for borrowed money (other than Indebtedness of a Disqualified Subsidiary) at all times bears interest at a fixed rate and providing for such Persons to make payments thereunder for a period of no less than two years.
Enter into prior to December 31, 2006, and maintain at all times thereafter, interest rate Swap Contracts on terms and with Persons acceptable to the Administrative Agent, covering a notional amount such that at least 50% of Indebtedness for borrowed money (other than Indebtedness of a Disqualified Subsidiary) at all times bears interest at a fixed rate and providing for such Persons to make payments thereunder for a period of no less than two years.
Make or hold any Investments or, in the case of obligations of Holdings and its Subsidiaries with respect to a Qualified Designated Entity, Disqualified Subsidiary or Joint Venture Entity, any obligation to make an Investment, except as permitted under Section 7.03 of the Existing Credit Agreement.

More Definitions of Disqualified Subsidiary

Disqualified Subsidiary means Graham Ho▇▇▇▇▇▇ and each of its Subsidiaries until all Graham Pa▇▇▇▇▇▇g 2014 Notes, Graham Pa▇▇▇▇▇▇g 2017 Notes and Graham Pa▇▇▇▇▇▇g 2018 Notes have been repaid, prepaid, repurchased or redeemed in full or defeased pursuant to the defeasance provisions contained in the related indentures.

Disqualified Subsidiary is amended by inserting after the phrase "that was formerly a Designated Entity" the phrase "or a Joint Venture Entity";

Disqualified Subsidiary means Graham Holdings and each of its Subsidiaries until all Graham Packaging 2014 Notes, Graham Packaging 2017 Notes and Graham Packaging 2018 Notes have been repaid, prepaid, repurchased or redeemed in full or defeased pursuant to the defeasance provisions contained in the related indentures.

Disqualified Subsidiary means, at any time, a Subsidiary that was formerly a Designated Entity and that at such time has outstanding Indebtedness of the type referred to in Section 7.02(b)(F) (unless such Indebtedness is otherwise permitted pursuant to one or more other clauses of Section 7.02(b)), until such time as such Subsidiary has complied with the requirements of Section 6.12(a).

Disqualified Subsidiary where it appears therein the phrase "an ANB Entity" and (D) by inserting at the end of the second parenthetical therein the following: "and any capitalized interest on obligations owed by any ANB Entity to a Loan Party".