Common use of Borrowing Subsidiaries Clause in Contracts

Borrowing Subsidiaries. The Company will not cease to own, directly or indirectly, and Control 100% (other than directors' qualifying shares) of the ordinary voting power of any Borrowing Subsidiary.

Appears in 3 contracts

Sources: Credit Agreement (Fort James Corp), Credit Agreement (Fort Howard Corp), Credit Agreement (Photronics Inc)

Borrowing Subsidiaries. The Company will not cease to own, directly or indirectly, and Control 100% (other than directors' ’ qualifying shares) of the ordinary voting power Capital Stock of any Borrowing Subsidiary.

Appears in 2 contracts

Sources: Credit Agreement (Crane Co /De/), Credit Agreement (Crane Co /De/)

Borrowing Subsidiaries. The Company will not cease to own, directly own or indirectly, and Control 100at least 80% (other than directors' qualifying shares) of the ordinary voting power of any Borrowing Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (Dun & Bradstreet Corp)