Examples of Public Subsidiary in a sentence
Authorization for the Chief Executive Officer to develop design documents, enter into agreements with parties whose property interests are affected, self-perform construction, and advertise for bids, award, and execute contracts to construct improvements for the Alaskan Way Street Improvement Project for an estimated cost of$987,000 and a total authorization of $1,282,000 (CIP #C800759).
The term "Public Subsidiary" means Consolidated Cigar and Power Control Technologies, Inc.
Seller makes no representation or warranty concerning Public Subsidiary.
As used in this Agreement, "Public Subsidiary SEC Reports" means, in the case of Vitalink, its Annual Report on Form 10-K for the fiscal year ended May 31, 1997, its proxy statement dated November 20, 1997 and all forms and reports filed with the SEC since June 1, 1994 and, in the case of IHH, its Annual Report on Form 10-K for the fiscal year ended September 30, 1997, its proxy statement dated February 2, 1998 and all forms and reports filed with the SEC since October 1, 1994.
Borrower shall not, and shall not permit any Guarantor to, make or permit to be outstanding any loan or advance to any Person; provided, however, Borrower may make loans to any Consolidated Subsidiary (excluding any Public Subsidiary) of Borrower so long as no Default or Event of Default exists at the time of (or would result from) the making of such loan.