Examples of Real Estate Subsidiary in a sentence
Each Real Estate Subsidiary and Operating Subsidiary shall have executed the Reaffirmation of Guaranty in the form of Exhibit A hereto.
The Administrative Agent shall have received certificates of insurance and other evidence reasonably satisfactory to it of (1) compliance with the insurance requirements of this Agreement and the Security Documents, and (2) adequate insurance covering each Real Estate Subsidiary.
All of the outstanding capital stock or other equity interests of each Real Estate Subsidiary described on Schedule 6.13 has been validly issued, is fully paid, and is nonassessable.
Create or permit to exist any Restricted Subsidiary except (i) a Restricted Subsidiary that is wholly-owned, directly or indirectly, by the Borrower, or (ii) a Real Estate Subsidiary.
There are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock or similar options granted to employees or directors and directors’ qualifying shares) of any nature relating to any equity interests of Borrower or any Real Estate Subsidiary, except as disclosed on Schedule 6.13.