Common use of Equity Ownership Clause in Contracts

Equity Ownership. each of the Borrowers is a wholly owned subsidiary of the Guarantor;

Appears in 3 contracts

Sources: Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Ships Inc.), Credit Facility Agreement (Top Tankers Inc.)

Equity Ownership. each of the Borrowers is a wholly owned direct subsidiary of the GuarantorGuarantor and no Borrower has any subsidiaries;

Appears in 1 contract

Sources: Secured Credit Facility Agreement (Teekay Shipping Corp)

Equity Ownership. each Each of the Borrowers Guarantors is a wholly owned subsidiary direct or indirect Subsidiary of the GuarantorBorrower;

Appears in 1 contract

Sources: Credit Agreement (Chiles Offshore Inc/New/)

Equity Ownership. each of the Borrowers Guarantors is a wholly owned subsidiary of the GuarantorBorrower;

Appears in 1 contract

Sources: Credit Facility Agreement (Top Tankers Inc.)