Examples of Significant Subsidiaries in a sentence
Each of the Borrower and its Significant Subsidiaries has title to its properties sufficient for the conduct of its business, and none of such properties is subject to any Lien except as permitted in Section 5.03.
The obligations of the Company under the Debentures are secured by (i) a pledge of all assets of the Company and the Significant Subsidiaries pursuant to the terms of the Security Agreement (ii) the Guarantee and (iii) the other Security Documents.
The Company and its Significant Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality, and value of all of their intellectual properties, except where failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
Any real property and facilities held under lease by the Company and the Significant Subsidiaries are held by them under valid, subsisting and enforceable leases with which the Company and the Significant Subsidiaries are in compliance.
All Significant Subsidiaries of the Company are indicated on Schedule 4.1(a).