Examples of Huntsman Affiliate in a sentence
The Company will at all times hold directly, or indirectly through a Wholly Owned Restricted Subsidiary, (i) all issued and outstanding Capital Stock of TG, other than Class A Shares issued pursuant to the terms of the Contribution Agreement, which will be held by an ICI Affiliate and (ii) all issued and outstanding Capital Stock of Holdings U.K., other than Class B Shares issued pursuant to the terms of the Contribution Agreement, which will be held by a Huntsman Affiliate.
Any obligation of Huntsman under the Purchase Agreement which has been performed by a Huntsman Affiliate shall be considered duly fulfilled as if the obligation had been performed by Huntsman itself.
Neither Borrower nor any Subsidiary of Borrower shall make any payment to a creditor of any Huntsman Affiliate in respect of any liability of any of the foregoing, and no bank account of Borrower shall be commingled with any bank account of any Huntsman Affiliate.
No Borrower nor any Subsidiary of any Borrower shall make any payment to a creditor of any Huntsman Affiliate in respect of any liability of any of the foregoing, and no bank account of such Borrower shall be commingled with any bank account of any Huntsman Affiliate.
Neither Holdings, the Borrower nor any Subsidiary of the Borrower shall make any payment to a creditor of any Huntsman Affiliate in respect of any liability of any of the foregoing, and no bank account of Holdings or the Borrower shall be commingled with any bank account of any Huntsman Affiliate.
Any obligation of Huntsman under the Contract which has been performed by a Huntsman Affiliate shall be considered duly fulfilled as if the obligation had been performed by Huntsman itself.
The Company shall not permit any of its Restricted Subsidiaries to incur any Indebtedness to any Huntsman Affiliate; PROVIDED, HOWEVER, that the foregoing restrictions shall not apply to the incurrence of Permitted Affiliate Debt to any Huntsman Affiliate; PROVIDED, FURTHER, HOWEVER, that in the case of Indebtedness described in clause (i) or (ii) of the definition of Permitted Affiliate Debt, such Huntsman Affiliate shall not be a Huntsman Group Member.
Finally, neither Borrower nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the corporate existence of any Huntsman Affiliate on the one hand and of Borrower or any Subsidiary of Borrower on the other hand being ignored, or in the assets and liabilities of Borrower or any Subsidiary of Borrower being substantively consolidated with those of any Huntsman Affiliate in a bankruptcy, reorganization or other insolvency proceeding.
The Company will at all times hold directly, or indirectly through a Wholly Owned Restricted Subsidiary, (i) all issued and outstanding Capital Stock of TG, other than Class A Shares issued pursuant to the terms of the Contribution Agreement, which will be held by an ICI Affiliate and (ii) all is- sued and outstanding Capital Stock of Holdings U.K., other than Class B Shares issued pursuant to the terms of the Contribution Agreement, which will be held by a Huntsman Affiliate.
Finally, no Borrower nor any of its Subsidiaries shall take any action, or conduct its affairs in a manner, which is likely to result in the corporate existence of any Huntsman Affiliate on the one hand and of any Borrower or any Subsidiary of any Borrower on the other hand being ignored, or in the assets and liabilities of any Borrower or any Subsidiary of any Borrower being substantively consolidated with those of any Huntsman Affiliate in a bankruptcy, reorganization or other insolvency proceeding.