Restricted Subsidiary definition

Restricted Subsidiary means any Subsidiary of the Company other than an Unrestricted Subsidiary.

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Restricted Subsidiary of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary.

Restricted Subsidiary means any Subsidiary of the Borrower other than an Unrestricted Subsidiary.

Examples of Restricted Subsidiary in a sentence

Nothing in this Section 5.01 shall prevent the Guarantor from consummating the substitution pursuant to Section 5.03 of the Base Indenture or prevent the Guarantor or any Restricted Subsidiary from consummating the Guarantor Conversion.
Except as described on Schedule 9.1.20, on the First Amendment Effective Date no Loan Party or Restricted Subsidiary is party to or bound by any collective bargaining agreement, management agreement, consulting agreement or Multiemployer Plan.
No Intellectual Property owned or used by a Loan Party or any Restricted Subsidiary that is material to the operations or business of any Loan Party has been adjudged invalid or unenforceable by a court of competent jurisdiction or applicable intellectual property registry or been cancelled, in whole or in part, except where such judgment, decree, ruling or cancellation could not reasonably be expected to have a Material Adverse Effect.
No Loan Party or Restricted Subsidiary is engaged, principally or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the FRB).
No Loan Party or Restricted Subsidiary is in default, and no event or circumstance has occurred or exists that with the passage of time or giving of notice would constitute a default by any Loan Party or Restricted Subsidiary, under any Material Contract that could reasonably be expected to have a Material Adverse Effect.

More Definitions of Restricted Subsidiary

Restricted Subsidiary means, as to any Person, any subsidiary of such Person that is not an Unrestricted Subsidiary. Unless otherwise specified, “Restricted Subsidiary” shall mean any Restricted Subsidiary of the Borrower.

Restricted Subsidiary means any Subsidiary of the Issuer other than an Unrestricted Subsidiary.

Restricted Subsidiary means, at any time, each direct and indirect subsidiary of the Borrower (including any Foreign Subsidiary) that is not then an Unrestricted Subsidiary; provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of “Restricted Subsidiary”.

Restricted Subsidiary means any Subsidiary of the Company that owns or leases a Principal Property.

Restricted Subsidiary means any Subsidiary substantially all the property of which is located, or substantially all the business of which is carried on, within the United States (other than its territories and possessions) which shall at the time, directly or indirectly, through one or more Subsidiaries or in combination with one or more other Subsidiaries or the Company, own or be a lessee of a Principal Property.

Restricted Subsidiary means any Subsidiary that has not been designated as an “Unrestricted Subsidiary” in accordance with this Indenture.

Restricted Subsidiary means any Subsidiary of the Parent Guarantor other than an Unrestricted Subsidiary.