Originating Subsidiaries definition
Examples of Originating Subsidiaries in a sentence
Each of the Originating Subsidiaries has good and valid title to the Receivables purported to be owned by it, free and clear of Liens other than Permitted Liens.
The Borrower owns all of the outstanding and issued Capital Stock of the Originating Subsidiaries.
As between the Borrower, the Originating Subsidiaries and the Collateral Agent, the Borrower and the applicable Originating Subsidiary, as the case may be, shall treat all interest earned from deposits in the Collection Accounts and the Loan Account as its income for federal, state, provincial, territorial, and local income tax purposes.
For purposes of this paragraph, it is understood and agreed that a single field examination may be conducted at multiple relevant sites and involve one or more Loan Parties or Originating Subsidiaries and their assets.
As between the Borrower, the Originating Subsidiaries and the Collateral Agent, the Borrower and the applicable Originating Subsidiary, as the case may be, shall treat all interest earned from deposits in the Collection Accounts and the Interest Account as its income for federal, state, provincial, territorial, and local income tax purposes.
The Borrower owns all of the outstanding and issued Capital Stock of the Originating Subsidiaries and the Parent owns all of the outstanding and issued Capital Stock of Carta.
The Receivables Purchase Agreement, ------------------------------------- dated as of July 31, 1998, among the Borrowers, FMB, the VB Originating Subsidiaries and FFC-II.
All corporate action necessary for the valid execution, delivery and performance by each of FCI, FAC-Arkansas, FAC-Nevada, FMB, Vacation Break and the VB Originating Subsidiaries of this Amendment shall have been duly and effectively taken and otherwise be duly authorized, and satisfactory evidence thereof shall have been provided to the Agent and BKB.
All corporate action necessary for the valid ---------------- execution, delivery and performance by each of FAC, FAC-Nevada, FCI, FMB, Vacation Break and the VB Originating Subsidiaries of this Amendment shall have been duly and effectively taken and otherwise be duly authorized, and satisfactory evidence thereof shall have been provided to the Agent and BKB.
The Fourth Amended and Restated Operating Agreement, -------------------- dated as of January 15, 1998, by and among the Borrower, FAC, FMB and the VB Originating Subsidiaries.