Examples of Restricted Subsidiaries in a sentence
Engage in material lines of business not substantially different from those lines of business conducted or proposed to be conducted by the Borrower or any of its Restricted Subsidiaries on the Closing Date or any business or any other activities that are reasonably similar, ancillary, incidental, complementary or related to, or a reasonable extension, development or expansion of, the businesses conducted or proposed to be conducted by the Borrower or any of its Restricted Subsidiaries on the Closing Date.
The Borrower and its Restricted Subsidiaries have, in the past five years, conducted their businesses in all material respects in compliance with the FCPA and other similar applicable anti-corruption legislation in other jurisdictions and have maintained policies and procedures reasonably designed to promote compliance with such laws.
As of the Closing Date, (a) neither the Borrower nor any other Loan Party has any Subsidiaries other than those specifically disclosed on Schedule 5.12 and (b) all of the outstanding Equity Interests in the Borrower and its Restricted Subsidiaries have been validly issued and are fully paid and (if applicable) nonassessable.
Pending the final application of any Asset Sale Prepayment Amount, the Company or any of its Restricted Subsidiaries may temporarily reduce Indebtedness including under a revolving credit facility, if any, or otherwise invest or utilize such Asset Sale Prepayment Amount in any manner not prohibited by this Indenture.
As of the Closing Date, Schedule 5.12 (a) sets forth the name and jurisdiction of organization of each Restricted Subsidiary and (b) sets forth the ownership interest of Holdings in the Borrower and of the Borrower in each of its Restricted Subsidiaries, in each case, including the percentage of such ownership.