Restricted Subsidiaries definition

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

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

Restricted Subsidiaries means any Subsidiary, other than Unrestricted Subsidiaries.

Examples of Restricted Subsidiaries in a sentence

• Permit representatives of the Lender upon reasonable advance notice to visit and inspect any of the properties and examine any of the books and records of the Company and its Restricted Subsidiaries at any reasonable time and as often as may be reasonably desired provided that, other than with respect to such visits and inspections during the continuation of an Event of Default, the Lender shall not exercise such rights more often than one time during any calendar year.

• Each of Holdings, the Borrower and its Restricted Subsidiaries is in compliance with (i) its Organizational Documents, (ii) all Requirements of Law applicable to it or its property and (iii) all indentures and other agreements and instruments binding upon it or its property, except, in the case of clauses (ii) and (iii) of this Section, where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

• Each of Holdings, the Borrower and the Restricted Subsidiaries owns, licenses or possesses the right to use all Intellectual Property that is reasonably necessary for the operation of its business as currently conducted, and, without conflict with the rights of any Person, except to the extent such conflicts, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

• Upon written notice to the Administrative Agent, the Borrower and the Restricted Subsidiaries may elect to apply IFRS, in lieu of GAAP, which change shall take effect at the end of such fiscal quarter or year specified by the Borrower and in which case all accounting terms (including financial ratios and other financial calculations for the test period then ended and all subsequent periods) required to be submitted pursuant to this Agreement shall be prepared in conformity with IFRS.

• Letters of Credit will be used by the Borrower and the Restricted Subsidiaries for general corporate purposes.

More Definitions of Restricted Subsidiaries

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

Restricted Subsidiaries means, as of any date, the Subsidiaries of the Borrower which are not Unrestricted Subsidiaries.

Restricted Subsidiaries means the Persons set forth on Schedule 1.01(i) hereto and any New Restricted Subsidiary, provided that any Restricted Subsidiary redesignated as an Unrestricted Subsidiary pursuant to and in compliance with Section 7.08(c) shall cease to be a Restricted Subsidiary.

Restricted Subsidiaries means all Subsidiaries other than 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.