Grantor Subsidiary definition

Grantor Subsidiary means the subsidiaries of the Issuer listed on Schedule I of the Master Collateral and Intercreditor Agreement or that are required to become a party to the Master Collateral and Intercreditor Agreement from time to time as grantors of Collateral under the Collateral Documents.
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Grantor Subsidiary means TR El Paso Land, LLC, a wholly owned subsidiary of the Company.
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Grantor Subsidiary means each of CULNEV, INC., a Nevada corporation, CULUSVI, INC., a Virgin Islands corporation, CULSAMOA, INC., a Samoa corporation, and CULGUAM, INC., a Guam corporation."
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Examples of Grantor Subsidiary in a sentence

  • The Domestic Borrower shall maintain (or cause each Collateral Grantor Subsidiary to maintain) either (i) a separate bank account wherein the proceeds of such Collateral Grantor Subsidiary's Accounts Receivable are deposited, or (ii) records pertaining to a commingled account of the Domestic Borrower plainly identifying all monies belonging to each Collateral Grantor Subsidiary.

  • The Guarantor and each Grantor Subsidiary hereby confirms that each Credit Document to which it is a party or otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Credit Documents the payment and performance of all “Obligations” under each of the Credit Documents to which it is a party (in each case as such term is defined in the applicable Credit Document).

  • At the request and sole expense of such Grantor, a Grantor Subsidiary shall be released from its obligations hereunder in the event that all the Capital Stock or substantially all of the assets of such Grantor Subsidiary shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement (including by way of merger or consolidation).

  • The payment by the Company of the principal of, and premium and interest on, the Fixed Rate Securities is fully and unconditionally guaranteed on a joint and several senior secured basis by each of the Grantor Subsidiary Guarantors and on a senior unsecured basis by each other Subsidiary Guarantor, in each case, to the extent set forth in the Indenture and the Security Documents.

  • The Trustee, the Company and the Grantor Subsidiary Guarantors hereby acknowledge and agree that the Collateral Agent holds the Collateral in trust for the benefit of the Trustee and the Holders, in each case pursuant to the terms of the Security Documents.

  • The Guarantor and each Grantor Subsidiary hereby acknowledges that it has reviewed the terms and provisions of the LC Facility Agreement and this First Amendment and acknowledges the amendment of the LC Facility Agreement effected pursuant to this First Amendment.

  • The payment by the Company of the principal of, and premium and interest on, the Floating Rate Securities is fully and unconditionally guaranteed on a joint and several senior secured basis by each of the Grantor Subsidiary Guarantors and on a senior unsecured basis by each other Subsidiary Guarantor, in each case, to the extent set forth in the Indenture and the Security Documents.

  • Each Grantor Subsidiary hereby consents to this Amendment and hereby confirms and agrees that (a) each Credit Document to which it is a party is, and shall continue to be, in full force and effect and each is hereby ratified and confirmed in all respects, and (b) the Liens xxxxx- xx by such Grantor Subsidiary on all Grantor Subsidiary Collateral continue to secure the payment of all of the Obligations.

  • The Subsidiary Security Agreements, executed by each Grantor Subsidiary.

  • The provisions of this Section 6.4 are, and are intended, solely to establish certain rights as between the Secured Parties and shall not create, and shall not be construed as creating, any rights enforceable by any Grantor, any Subsidiary or any Affiliate of any Grantor (regardless of whether such Grantor, Subsidiary or Affiliate is a Secured Party) or rights enforceable by the Indenture Trustee against any Grantor unless and to the extent required by the express terms of the Indenture.


More Definitions of Grantor Subsidiary

Grantor Subsidiary means a Subsidiary of Borrower that operates one or more educational institutions or is a direct parent company for one or more educational institutions and that executes and delivers to the Administrative Agent a Grantor Subsidiary Joinder; provided that (i) no Subsidiary that is a “Guarantor” under the Existing Credit Agreement shall be a Grantor Subsidiary and (ii) each Grantor Subsidiary shall be a “Wholly Owned Subsidiary” or a “Qualified Non-Wholly-Owned Subsidiary” under the Existing Credit Agreement.
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Grantor Subsidiary means any Subsidiary of any Grantor.
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Grantor Subsidiary means each Subsidiary listed on Schedule 1.1 and each other Subsidiary of Account Party that operates one or more educational institutions or is a direct parent company for one or more educational institutions and that executes and delivers to the Administrative Agent a Grantor Subsidiary Joinder; provided that (i) no Subsidiary that is a “Guarantor” (as defined in the Existing Credit Agreement as in effect on the date hereof) under the Existing Credit Agreement shall be a Grantor Subsidiary and (ii) each Grantor Subsidiary shall be a “Wholly Owned Subsidiary” (as defined in the Existing Credit Agreement as in effect on the date hereof) or a “Qualified Non-Wholly-Owned Subsidiary” (as defined in the Existing Credit Agreement as in effect on the date hereof) under the Existing Credit Agreement.
Sample 1
Grantor Subsidiary means Industria del Alcali, S.A. de C.V., Compania Vidriera, S.A. de C.V., Fabricacion de Maquinas, S.A. de C.V., Vidriera Monterrey, S.A. de C.V., Vidriera Guadalajara, S.A. de C.V., Vidriera Queretaro, S.A. de C.V., Vidriera Toluca, S.A. de C.V., Vidriera los Xxxxx, X.X. de C.V., Vitro Packaging, Inc. and Centro de Tecnologia Vidriera, Ltd or any other subsidiary of the Issuer that is required to become a party to the Master Collateral and Intercreditor Agreement from time to time.
Sample 1

Related to Grantor Subsidiary

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Non-Guarantor Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Pledged Subsidiary means each Subsidiary in respect of which the Administrative Agent has been granted a security interest in or a pledge of (a) any of the Capital Securities of such Subsidiary or (b) any intercompany notes of such Subsidiary owing to the Borrower or another Subsidiary.

  • Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Foreign Subsidiary Holdco any Domestic Subsidiary that has no material assets other than the Capital Stock of one or more Foreign Subsidiaries, and other assets relating to an ownership interest in any such Capital Stock.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • Non-U.S. Subsidiary means any Subsidiary that is not a U.S. Subsidiary.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Non-Guarantor Restricted Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • First Tier Foreign Subsidiary means a Foreign Subsidiary, the Equity Interests of which are directly owned by the Borrower or a Domestic Subsidiary that is not a Subsidiary of a Foreign Subsidiary.

  • Non-Recourse Subsidiary means any Subsidiary of the Company (1) whose principal purpose is to incur Non-Recourse Indebtedness and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or owner in a partnership, limited partnership, limited liability partnership, corporation (including a business trust), limited liability company, unlimited liability company, joint stock company, trust, unincorporated association or joint venture created for such purpose (collectively, a “Business Entity”), (2) who is not an obligor or otherwise bound with respect to any Indebtedness other than Non-Recourse Indebtedness, (3) substantially all the assets of which Subsidiary or Business Entity are limited to (x) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by Non-Recourse Indebtedness, or (y) Capital Stock in, or Indebtedness or other obligations of, one or more other Non-Recourse Subsidiaries or Business Entities, and (4) any Subsidiary of a Non-Recourse Subsidiary; provided that such Subsidiary shall be considered to be a Non-Recourse Subsidiary only to the extent that and for so long as each of the above requirements are met.

  • Direct Foreign Subsidiary means a Subsidiary other than a Domestic Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by the Borrower or a Domestic Subsidiary.

  • Non-Material Subsidiary means, at any date of determination, any Subsidiary of Holdings that is not a Material Subsidiary.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • U.S. Subsidiary means any Subsidiary that is incorporated or organized under the laws of the United States or a state thereof or the District of Columbia.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Material Foreign Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.

  • SBIC Subsidiary means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is (x) either (i) a “small business investment company” licensed by the SBA (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) under the Small Business Investment Act of 1958, as amended, or (ii) any wholly-owned, direct or indirect, Subsidiary of an entity referred to in clause (x)(i) of this definition, and (y) designated in writing by the Borrower (as provided below) as an SBIC Subsidiary, so long as:

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • Restricted Foreign Subsidiary means a Foreign Subsidiary that is a Restricted Subsidiary.

  • Foreign Restricted Subsidiary means any Restricted Subsidiary which is not organized under the laws of the United States of America or any State thereof or the District of Columbia.

  • Non-Debtor Subsidiaries means all direct and indirect subsidiaries of any Debtor that are not Debtors in the Chapter 11 Cases.