Common use of Creation of Subsidiaries Clause in Contracts

Creation of Subsidiaries. None of Holdings or Borrower shall establish, create or acquire any additional Subsidiaries without the prior written consent of the Required Lenders; provided that Borrower may establish or create one or more wholly owned Subsidiaries (and non-wholly owned Subsidiaries acquired in connection with a Permitted Acquisition or pursuant to Investments pursuant to subsection 8.6(h)) of Borrower without such consent so long as Borrower and its Subsidiaries comply with subsection 7.9 hereof.

Appears in 3 contracts

Samples: Credit Agreement (Atlantic Broadband Management, LLC), Credit Agreement (Atlantic Broadband Finance, LLC), Credit Agreement (Atlantic Broadband Finance, LLC)

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Creation of Subsidiaries. None of Holdings or Borrower shall establish, create or acquire any additional Subsidiaries without the prior written consent of the Required Lenders; provided that Borrower may establish or create one or more wholly owned Subsidiaries (and non-wholly owned Subsidiaries acquired in connection with a Permitted Acquisition or pursuant to Investments pursuant to subsection 8.6(h)) of Borrower without such consent so long as Borrower and its Subsidiaries comply with subsection 7.9 hereof.

Appears in 3 contracts

Samples: Credit Agreement (Language Line, Inc.), Credit Agreement (Language Line Costa Rica, LLC), Credit Agreement (Language Line Holdings, Inc.)

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