Eligible Subsidiaries. Each Subsidiary of the Borrowers which owns or ground-leases any Property that is treated as Unencumbered Property, Unencumbered Construction-in-Process or Unencumbered Eligible Land under this Credit Agreement is either an Eligible Subsidiary or a Guarantor. Schedule 6.25 sets forth a list of all Eligible Subsidiaries which own or ground-lease any Property that is treated as Unencumbered Property, Unencumbered Construction-in-Process or Unencumbered Eligible Land under this Credit Agreement as of the Closing Date. Schedule 6.25 shall be updated as of the end of each fiscal quarter as set forth in Section 7.1(c).
Eligible Subsidiaries. Cause each Eligible Subsidiary to comply in all respects with the same requirements as are imposed upon the Borrower in Sections 9.1, 9.2, 9.3, 9.5, 9.6, and 9.8 of this Agreement.
Eligible Subsidiaries. The Company may from time to time cause any Wholly-Owned Consolidated Subsidiary (or, with the consent of the Required Banks, any other Subsidiary) to become eligible to borrow under Sections 2.01, 2.03 and 2.04 or to have Letters of Credit issued for its account under Section 2.17 by delivering to the Agent an Election to Participate with respect to such Subsidiary and by causing such Subsidiary to become a Guarantor under the Guarantee Agreement and a Grantor under the Pledge Agreement and by causing the owner of Equity Interests in such Subsidiary to become a Grantor under the Pledge Agreement. The eligibility of any such Subsidiary to borrow or to have Letters of Credit issued for its account under said Sections shall terminate when the Agent receives a Notice of Termination with respect to such Subsidiary. Each Election to Participate delivered to the Agent shall be duly executed on behalf of the relevant Subsidiary and the Company, and each Election to Terminate delivered to the Agent shall be duly executed on behalf of the Company, in such number of copies as the Agent may request. The delivery of an Election to Terminate shall not affect any obligation of the relevant Subsidiary theretofore incurred. The Agent shall promptly give notice to the Banks and the Issuing Bank of its receipt of any Election to Participate or Election to Terminate.
Eligible Subsidiaries. (a) Each Eligible Subsidiary is duly organized and existing under the laws of its jurisdiction of organization.
Eligible Subsidiaries. Each Subsidiary of the Borrowers which owns or ground-leases any Property that is treated as Unencumbered Property, Unencumbered Construction-in-Process or Unencumbered Eligible Land under this Agreement is either an Eligible Subsidiary or a Guarantor. Schedule 6.25 sets forth a list of all Eligible Subsidiaries which own or ground-lease any Property that is treated as Unencumbered Property, Unencumbered Construction-in-Process or Unencumbered Eligible Land under this Agreement as of the Closing Date (after giving pro-forma effect to the Acquisition). Schedule 6.25 shall be updated as of the end of each fiscal quarter as set forth in Section 7.1(c).
Eligible Subsidiaries. Digital Angel Technology Corporation, a Minnesota corporation Fearing Manufacturing Co., Inc., a Minnesota corporation Digital Angel International, a Minnesota corporation Exhibit C
Eligible Subsidiaries. (a) Any Substantially Wholly-Owned Consolidated Subsidiary may become an Eligible Subsidiary either (i) by signing this Agreement as originally executed or (ii) by signing and delivering to the Administrative Agent an Election to Participate duly executed by such Subsidiary and by the Company in such number of copies as the Administrative Agent shall request.
Eligible Subsidiaries. The Company may from time to time cause any Wholly-Owned Consolidated Subsidiary (or, with the consent of the Required Banks, any other Subsidiary) to become eligible to borrow under Sections 2.01, 2.03 and 2.04 or to have Letters of Credit issued for its account under Section 2.17 by delivering to the Agent an Election to Participate with respect to such Subsidiary. The eligibility of any such Subsidiary to borrow or to have Letters of Credit issued for its account under said Sections shall terminate when the Agent receives a Notice of Termination with respect to such Subsidiary. Each Election to Participate delivered to the Agent shall be duly executed on behalf of the relevant Subsidiary and the Company, and each Election to Terminate delivered to the Agent shall be duly executed on behalf of the Company, in such number of copies as the Agent may request. The delivery of an Election to Terminate shall not affect any obligation of the relevant Subsidiary theretofore incurred. The Agent shall promptly give notice to the Banks and the Issuing Bank of its receipt of any Election to Participate or Election to Terminate.
Eligible Subsidiaries. (a) The Company may --------------------- from time to time cause any wholly-owned Consolidated Subsidiary to become an Eligible Subsidiary eligible to borrow Loans and to have Letters of Credit issued for its account hereunder by delivering to the Administrative Agent an Election to Participate, substantially in the form of Exhibit I hereto, with respect to such Subsidiary.
Eligible Subsidiaries. Any Person who was an "Eligible Subsidiary" under the Existing Credit Agreement (an "Existing Eligible Subsidiary") immediately prior to the effectiveness of this Agreement shall, effective as of the Effective Date, without any further action, be an Eligible Subsidiary under this Agreement, and the "Election to Participate" executed by such Subsidiary under the Existing Credit Agreement shall constitute the Election to Participate hereunder with respect to such Subsidiary for all purposes hereunder. The notes of each Existing Eligible Subsidiary held by each Existing Credit Agreement Bank shall, effective as of the Effective Date, be amended by substituting the date "December 20, 1995" for the date "March 18, 1993" set forth in the third paragraph of each such note and shall, effective as of the Effective Date, be a "Note" hereunder. Upon request of any Existing Credit Agreement Bank, each Existing Eligible Subsidiary shall execute a Note substantially in the form of Exhibit A payable to the order of such Bank. Upon receipt by such Bank of such new Note, such Bank shall cancel its original Note (if any) and return it to the appropriate Existing Eligible Subsidiary promptly. No failure of an Existing Credit Agreement Bank so to cancel and return its original Note shall affect the validity of its new Note.
