Examples of Wholly-Owned in a sentence
Except as permitted by Section 9.2(j), no Borrower shall, nor shall it permit any Subsidiary to, liquidate, dissolve or wind up or take any steps or proceedings in connection therewith except, in the case of Subsidiaries, where the successor thereto or transferee thereof is the Canadian Borrower or a Wholly-Owned Subsidiary.
No Borrower shall, nor shall it permit any Subsidiary to, enter into any contract, agreement or transaction whatsoever, including, for the sale, purchase, lease or other dealing in any material property other than at a consideration which equals the fair market value of such property or other than at a fair market rental as regards leased property except in respect of transactions between or among any Borrower and/or one or more Wholly-Owned Subsidiaries.