Unregulated Subsidiaries definition

Unregulated Subsidiaries means FES, AESC, FirstEnergy Nuclear Operating Company, Bay Shore Power Company and, as applicable, their respective Subsidiaries.
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Unregulated Subsidiaries means AESC and its Subsidiaries.
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Unregulated Subsidiaries. Subsidiaries of the Borrower that are not Regulated Subsidiaries.
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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.

  • Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries (other than Project Subsidiaries) to, at any time create, incur, assume or suffer to exist any Lien on any of its property or assets, tangible or intangible, now owned or hereafter acquired, or agree or become liable to do so, except Permitted Liens and extensions or renewals of Permitted Liens; provided in each case that the Indebtedness secured thereby is not restricted under Section 8.2.1 [Indebtedness].

  • 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.

  • 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.

  • It is the intent of the parties hereto that all of the obligations of the Borrower hereunder shall be unconditionally guaranteed 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.

  • In addition, each Loan Party shall not permit any of its Unregulated Subsidiaries to be subject to contractual limitations on the ability of such Unregulated Subsidiary to make Restricted Payments to such Loan Party, other than restrictions contained in any senior Indebtedness incurred by such Unregulated Subsidiary.

  • 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.

  • Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in a Prohibited Transaction with any Plan, Benefit Arrangement or Multiemployer Plan which, alone or in conjunction with any other circumstances or set of circumstances resulting in liability under ERISA or otherwise violate ERISA.

  • 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.


More Definitions of Unregulated Subsidiaries

Unregulated Subsidiaries means, as of each date of determination, each Subsidiary of the Borrower which is not a Regulated Subsidiary as of that date. As of the Closing Date, the Unregulated Subsidiaries are identified on Schedule 1.01.
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Related to Unregulated Subsidiaries

  • Consolidated Subsidiary means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of the Borrower in its consolidated financial statements if such statements were prepared as of such date.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

  • Domestic Subsidiaries means all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

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

  • Material Subsidiary means any Subsidiary other than an Immaterial Subsidiary.