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.
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 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).
Corporation Delaware 00 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000 5230394 Mulberry Management Corporation Corporation Delaware 00 Xxxxxx Xxxxxx, Xxx Xxxx, XX 00000 5584228 Schedule II to the Guarantee and Collateral Agreement EQUITY INTERESTS; PLEDGED DEBT SECURITIES Grantor Subsidiary Certificate No. No. Shares/Percentage Interest Mulberry Health Inc.
Schedule 2 Pledged Equity Grantor Subsidiary Percentage/ Number of Equity Interests Held by Grantor HC Government Realty Trust, Inc.
The Borrower shall deliver a Grantor Subsidiary Joinder dated as of the date hereof in accordance with the Facility Agreement pursuant to which the signatories thereto shall become Grantor Subsidiaries for all purposes of the Facility Agreement.
SCHEDULE C to Perfection Certificate Subsidiaries Name of Grantor Subsidiary Number of Shares/Units Class of Interests Percentage of Class Owned Certificate Nos.
The provisions of this Article VII 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).
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.
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 granted by such Grantor Subsidiary on all Grantor Subsidiary Collateral continue to secure the payment of all of the Obligations.