Examples of Immaterial Subsidiaries in a sentence
The Borrower will not, nor will it permit any of its Subsidiaries (other than Immaterial Subsidiaries or SPV Subsidiaries) to, engage to any material extent in any business other than in accordance with its Investment Policies.
Each Loan Party will maintain, and will cause each Subsidiary of a Loan Party (other than Immaterial Subsidiaries) to maintain (either in the name 124 767077577.9 of such Loan Party or in such Subsidiary’s own name), with financially sound and reputable insurance companies, insurance in at least such amounts and against at least such risks as are usually insured against by companies of established repute engaged in the same or similar business.
The Loan Parties and each of their Subsidiaries (other than Immaterial Subsidiaries) has (either in the name of such Loan Party or in such Subsidiary’s name), with financially sound and reputable insurance companies, insurance in at least such amounts and against at least such risks as are usually insured against by companies of established repute engaged in the same or similar business.