Insignificant Subsidiaries. If any Insignificant Subsidiary's (or the aggregate amount of the Insignificant Subsidiaries') net worth or total assets increases so that it and/or any other such Subsidiary becomes a Significant Subsidiary, the Borrower shall cause each such Significant Subsidiary to execute and deliver such documentation as the Agent may request to cause such Significant Subsidiary to evidence, perfect, or otherwise implement the guaranty of and security for the Obligations contemplated by the Guaranty and the Subsidiary Security Agreement.
Insignificant Subsidiaries. As of the Closing Date, FTD Canada, Inc. is not a Significant Subsidiary.
Insignificant Subsidiaries. No Credit Party shall permit any Insignificant Subsidiary to engage in any business, own any assets or have any liabilities, except to the extent permitted by Section 4.36.
Insignificant Subsidiaries. If as of any date, the aggregate amount of the Insignificant Subsidiaries' EBITDA as calculated for the most recently completed four (4) Fiscal Quarter period as of the date of determination exceeds Five Hundred Thousand Dollars ($500,000), then, within thirty (30) days after the date of determination, the Parent and Borrower shall either (i) cause each Insignificant Subsidiary to execute and deliver such documentation as the Agent may request to cause such Insignificant Subsidiary to evidence, perfect, or otherwise implement the guaranty of and provision of security for the Obligations contemplated by the Guaranty and the Subsidiary Security Agreement or (ii) provide Agent written notice that the Insignificant Subsidiaries shall be excluded from the calculation of all consolidated financial covenants hereunder. If Parent and the Borrower elect to exclude the Insignificant Subsidiaries from the calculation of all consolidated financial covenants, then without any further amendment or other modification to the Loan Documents, the Insignificant Subsidiaries shall thereafter be so excluded. In calculating compliance with the financial covenants thereafter, the Parent will show the calculations utilized to exclude the Insignificant Subsidiaries from such financial covenants.
Insignificant Subsidiaries. The Parent represents and warrants that each of the following Subsidiaries is an Insignificant Subsidiary: (a) Brooke Bancshares, Inc., (b) Brooke Agency Services Company of Nevada, LLC, (c) Brooke Funeral Services Company, LLC, (d) The American Agency, Inc., (e) The American Heritage, Inc., (f) Brooke Agency, Inc., (g) Brooke Life and Health, Inc., (h) First Brooke Insurance & Financial Services, Inc. and (i) Brooke Investments, Inc.
Insignificant Subsidiaries. 88 -------------------------- 10.17. New Guarantors.....................................................................88 -------------- 10.18. Pledge of Equity Interests.........................................................88 -------------------------- 10.19. Interest Rate Protection...........................................................88 ------------------------ 10.20. Security Interest in Foreign Patents...............................................88 ------------------------------------ 11. CERTAIN NEGATIVE COVENANTS OF THE BORROWER AND THE PARENT......................................89 --------------------------------------------------------- 11.1. Restrictions on Indebtedness........................................................89 ---------------------------- 11.2. Restrictions on Liens...............................................................92 --------------------- 11.2.1.
Insignificant Subsidiaries. Each of the Insignificant Subsidiaries has transferred or is in the process of transferring to the Borrower all of its assets, including without limitation all intellectual property. None of the Insignificant Subsidiaries is currently engaged in any business of any sort.
Insignificant Subsidiaries. The Parent, the Borrower and each of their Subsidiaries shall diligently pursue the dissolutions of each of the Insignificant Subsidiaries, which dissolutions shall in any event have occurred no later than March 31, 2001, and shall promptly upon each such dissolution forward to the Administrative Agent reasonably satisfactory evidence thereof. The Parent, the Borrower and each of their Subsidiaries shall diligently pursue the transfer of all of the assets, including without limitation all intellectual property, of any Insignificant Subsidiaries, which transfers shall in any event have occurred no later than December 31, 2000.
Insignificant Subsidiaries. The aggregate value of the Accounts owned by AWC Acquisition Corp., Exxx Xxxxxxxx Merchandising, Inc., TBA Corporate Incentives, Inc. and TBA Resort Holding Corporation (collectively, the “Inactive Subsidiaries”) do not exceed $10,000.
Insignificant Subsidiaries. The Company represents that none of General Steel Investment Co., Ltd., Victory New Holdings Limited, Yangpu Shengtong Investment Co., Ltd., Tianjin Qiugang Investment Co., Ltd., Shaanxi Yuteng Commercial Trading Co., Ltd., Shaanxi Yuxin Commercial Trading Co., Ltd., Shaanxi Yuxing Commercial Trading Co., Ltd., Environmental Protection Industry Development Co., Ltd. and Hualong Fire Retardant Materials Co., Ltd. are, individually or in the aggregate, Significant Subsidiaries (as defined in Rule 1-02 of Regulation S-X) of the Company.
