Other Subsidiary definition
Examples of Other Subsidiary in a sentence
At all times prior to the Investment Grade Rating Date, but subject to the last sentence of Section 8.13(a), the Borrower shall ensure that at least ninety percent (90%) of the Unencumbered Asset Value is attributable to Eligible Unencumbered Properties owned or leased under a Ground Lease by Material Subsidiary Guarantors and/or Other Subsidiary Guarantors.
The address and jurisdiction of organization or incorporation of each undersigned Other Subsidiary Borrower of Company is set forth in Annex I to this Joinder Agreement.
In the case of such use, (i) the provisions of Section 2 of this Agreement shall apply as if all references in Section 2 to AgeX were references to BioTime or an Other Subsidiary, and (ii) all references to BioTime in Section 2 were references to AgeX.
The Company, Subsidiary and any Other Subsidiary will keep their assets which are of an insurable character insured by financially sound and reputable insurers against loss or damage by fire, extended coverage and explosion in amounts sufficient to prevent the Company, Subsidiary or any Other Subsidiary from becoming a co-insurer.
The Company and Subsidiary will cause any Other Subsidiary which either of them may now have and/or which either of them may organize or acquire in the future to comply with all the terms and provisions of this Section 8.