Unregulated Subsidiaries definition
Examples of Unregulated Subsidiaries in a sentence
Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Business.
EVENTS OF DEFAULT 87 10.1. Payments 87 10.2. Representations, Etc.
The duties of the President and Principal Executive Officer of the Company's Unregulated Subsidiaries shall include but not be limited to directing the overall business, affairs and operations of the Company's Unregulated Subsidiaries, through the officers of such subsidiaries, all of whom shall report directly or indirectly to the Executive.
During the period commencing on the Effective Date the Executive shall serve as President and Principal Executive Officer of the businesses of the Company and its subsidiaries that are not economically regulated by the California Public Utilities Commission (the "Unregulated Subsidiaries") with such authority, duties and responsibilities with respect to such position as set forth in subsection (b) hereof.
Notwithstanding the foregoing, nothing in this Section 4.5 shall prohibit the Company from taking any action or omitting to take any action as required by law (provided that notice of such action or omission is promptly provided to Buyer) or as expressly contemplated by this Agreement or from making any distributions of cash from Unregulated Subsidiaries in the ordinary course of business.
Anti-Terrorism Laws; International Trade Law Compliance 50 8.2. Negative Covenants 50 8.2.1. Indebtedness 50 8.2.2. Liens 51 8.2.3. Guaranties 51 8.2.4. Loans and Investments 52 8.2.5. Liquidations, Mergers, Consolidations, Acquisitions 52 8.2.6. Dispositions of Assets or Unregulated Subsidiaries 53 8.2.7. Affiliate Transactions 54 8.2.8. Subsidiaries, Partnerships and Joint Ventures 55 8.2.9. Continuation of or Change in Business 55 8.2.10.
Keepwell 75 8.2. Negative Covenants 76 8.2.1. Indebtedness 76 8.2.2. Liens 77 8.2.3. Guaranties 77 8.2.4. Loans and Investments 78 8.2.5. Liquidations, Mergers, Consolidations, Acquisitions 78 8.2.6. Dispositions of Assets or Unregulated Subsidiaries 80 8.2.7. Affiliate Transactions 80 8.2.8. Subsidiaries, Partnerships and Joint Ventures 81 8.2.9. Continuation of or Change in Business 81 8.2.10.
Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than the business of each Loan Party or Unregulated Subsidiary substantially as conducted and operated by such Loan Party or Unregulated Subsidiary during the present fiscal year, and any line of business or business activity related or complementary to the business of the Loan Parties conducted as of the Closing Date.
It is the intent of the parties hereto that all of the obligations of the Borrower hereunder shall be unconditionally guaranteed 62 by all of its Significant Unregulated Subsidiaries to the maximum extent permitted under the laws of the jurisdiction of organization of any such Significant Unregulated Subsidiary.
Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than the sale, generation, transmission or storage of energy, the provision of energy related services, any other business conducted and operated by such Loan Party or Unregulated Subsidiary during the present fiscal year, and any line of business or business activity related, ancillary or complementary to any of the foregoing.