Finance Subsidiaries definition
Examples of Finance Subsidiaries in a sentence
The Company shall have no subsidiaries other than Project Finance Subsidiaries and Wholly-Owned Subsidiaries.
The Borrower shall have no subsidiaries other than Project Finance Subsidiaries and Wholly-Owned Subsidiaries.
Each Borrower will not, nor will it permit any of its Subsidiaries to, make or suffer to exist Investments in Project Finance Subsidiaries in excess of $100,000,000 in the aggregate for all the Borrowers and Subsidiaries at any time.
The Company will not, nor will it permit any Subsidiary to, enter into any Swap Contracts, except that the Company and its Project Finance Subsidiaries may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
In addition, there is no pending or, to the knowledge of the Company, threatened charge by any Governmental Entity that any of the Company Finance Subsidiaries has violated, nor any pending or, to the knowledge of the Company, threatened investigation by any Governmental Entity with respect to possible violations of, any applicable Finance Laws where such violations would, individually or in the aggregate, have a material adverse effect on the Company.
Within ten (10) Business Days after the Date of Closing (or such later date as the Required Holders agree), the Company shall cause each of the Progressive Finance Subsidiaries to become a Subsidiary Guarantor by complying with the requirements of paragraph 5H with respect to such Progressive Finance Subsidiary and executing a joinder to the Intercreditor Agreement in substantially the form of Schedule 1 thereto.
The Borrower will not, nor will it permit any Subsidiary (other than Project Finance Subsidiaries of the Borrower) to, enter into any Swap Contracts, except that the Borrower may enter into Swap Contracts solely to hedge interest rate risk and not for speculative purposes.
Neither the Borrower nor any Subsidiary (other than a Project Finance Subsidiary) will make investments in Project Finance Subsidiaries in excess of $50,000,000 in the aggregate at any one time outstanding.
The Company shall have no subsidiaries other than Project Finance Subsidiaries and other Wholly-Owned Subsidiaries.
For purposes of calculating such ratio, the Project Finance Subsidiaries shall be disregarded.