Restricted Subsidiaries definition

Restricted Subsidiaries means all Subsidiaries other than Non-Restricted Subsidiaries.

Restricted Subsidiaries means all Subsidiaries of the Borrower that are not Unrestricted Subsidiaries.

Restricted Subsidiaries means all Subsidiaries of the Borrower other than Unrestricted Subsidiaries.

Examples of Restricted Subsidiaries in a sentence

• Not enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general type as those in which the Borrowers and their Restricted Subsidiaries are engaged in on the Effective Date (after giving effect to the Transaction) or which are reasonably related, supplemental or ancillary thereto and any business related, supplement or ancillary thereto.

• Each of the Borrowers and their Restricted Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests or other rights of use in, all Real Property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

• The property of the Borrowers and their Restricted Subsidiaries (excluding the ETMC JV) is subject to no Liens, other than Permitted Liens.

• The Borrowers and their Restricted Subsidiaries (excluding the ETMC JV) own, possess or otherwise have the legal right to use, all of the trademarks, service-marks, trade names, copyrights and patents (collectively, “IP Rights”) that are used in or reasonably necessary for the operation of their respective businesses, except as the failure to own, possess or otherwise have the right to use such IP Rights would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

• Further, the Borrowers have in place a compliance program for the Borrowers and their Restricted Subsidiaries which is reasonably designed to provide effective internal controls that promote adherence to, prevent and detect material violations of, any Laws applicable to the Borrowers and their Restricted Subsidiaries, and which includes the implementation of internal audits and monitoring on a regular basis to monitor compliance with the compliance program and with Laws.

More Definitions of Restricted Subsidiaries

Restricted Subsidiaries means the Subsidiaries of the Borrower other than the Unrestricted Subsidiaries.

Restricted Subsidiaries as of any date, the Subsidiaries of the Borrower and any other Loan Party which are not Unrestricted Subsidiaries.

Restricted Subsidiaries means, as of any date, all Subsidiaries of the Borrower that have not been designated as Unrestricted Subsidiaries by the Borrower pursuant to Section 6.08 or have been so designated as Unrestricted Subsidiaries by the Borrower but prior to such date have been (or have been deemed to be) re-designated by the Borrower as Restricted Subsidiaries pursuant to Section 6.08.

Restricted Subsidiaries means the Subsidiary Loan Parties and each other Subsidiary of any Borrower that is not an Unrestricted Subsidiary.

Restricted Subsidiaries means the Persons set forth on Schedule 6.02(i) and any New Restricted Subsidiary, provided that any Restricted Subsidiary designated as an Unrestricted Subsidiary pursuant to and in compliance with Section 7.08(a) shall cease to be a Restricted Subsidiary.

Restricted Subsidiaries means [ ].

Restricted Subsidiaries means all existing and future Subsidiaries of the Borrower other than the Unrestricted Subsidiaries.