Examples of Permitted Subsidiary in a sentence
The Company shall cause the Permitted Subsidiary to comply with all of the provisions of this paragraph.
Therefore, students do not have catalog rights to a certification pattern used by a certifying institution or a CSU campus.Continuous EnrollmentContinuous enrollment is defined as attendance in one semester or two quarters (excluding summer) within a calendar year in either the CSU, UC, or California Community College System.Awarding of Degrees or CertificatesThe graduation ceremony is held once a year at the end of the spring semester.
All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries other than Permitted Senior Indebtedness and Permitted Subsidiary Indebtedness.
Permitted Subsidiary Indebtedness permits the Restricted Subsidiaries to incur Indebtedness up to a limit of 15% of Total Assets, subject to certain other requirements.
Not later than five Business Days following receipt, the Company shall cause the Permitted Subsidiary to distribute Interest Proceeds received by it to the Company as a dividend or equivalent equity distribution and deposit such Interest Proceeds into the Collection Account.