Significant Subsidiaries definition
Examples of Significant Subsidiaries in a sentence
The Company and each of the Guarantors and the Significant Subsidiaries is, and immediately after the Closing Date will be, Solvent.
There are no claims by the Company or any Guarantor or the Significant Subsidiaries under any such policy or instrument as to which an insurance company is denying liability or defending under a reservation of rights clause.
The Company has no reason to believe that it or any Guarantor or the Significant Subsidiaries will not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a cost that would not have, individually or in the aggregate, a Material Adverse Effect.
All policies of insurance insuring the Company or any Guarantor or the Significant Subsidiaries or any of their respective businesses, assets, employees, officers and directors are in full force and effect, and the Company and the Guarantors and the Significant Subsidiaries are in compliance with the terms of such policies in all material respects.