Examples of Material Domestic Restricted Subsidiary in a sentence
Upon the request of the Borrower (and at the Borrower’s expense), the Administrative Agent shall release from its obligations under the Guaranty Agreement each Guarantor that (i) is not a Material Domestic Restricted Subsidiary and (ii) is not required to guarantee the Indebtedness pursuant to Section 8.13.
Promptly and in any event with ten Business Days after organizing or acquiring any new Material Domestic Restricted Subsidiary, the name, jurisdiction of organization, organizational identification number, and the locations of the principal place of business and chief executive office of such Subsidiary.
On and after the Funding Date, Terex will cause each Material Domestic Restricted Subsidiary (whether now in existence or hereafter created or acquired) or any Domestic Subsidiary which is a Restricted Subsidiary and which becomes a Material Domestic Restricted Subsidiary to become a Subsidiary Guarantor by executing the Guarantee and Collateral Agreement and each applicable Security Document in favor of the Collateral Agent.
In furtherance of the foregoing, Terex will give prompt notice to the Administrative Agent of (A) the acquisition by it or any Subsidiary Guarantor of any Material Owned Real Property, (B) any Domestic Subsidiary which becomes a Material Domestic Restricted Subsidiary (or of the circumstances described in the proviso to the definition of the term “Material Domestic Restricted Subsidiary”) and (C) any Foreign Subsidiary which becomes a Material First Tier Foreign Subsidiary.
Promptly and in any event within ten Business Days after organizing or acquiring any new Material Domestic Restricted Subsidiary, the name, jurisdiction of organization, organizational identification number, and the locations of the principal place of business and chief executive office of such Subsidiary.