Limitation on Subsidiary Formation. Form any Subsidiaries unless, immediately upon the formation of such Subsidiary, all requirements of Section 8.11 shall have been satisfied.
Limitation on Subsidiary Formation. 37 6.19 Limitation on Securities Issuances....................................................37 SECTION 7.
Limitation on Subsidiary Formation. Form any Subsidiaries (other than an Excluded Subsidiary) unless, immediately upon the formation of such Subsidiary, all requirements of Section 6.11 shall have been satisfied.
Limitation on Subsidiary Formation. Borrower shall not form any Subsidiaries.
Limitation on Subsidiary Formation. 42 7.13 Underwriting Guidelines...................................... 42 7.14 Reports...................................................... 42 7.15
Limitation on Subsidiary Formation. The Borrower shall not form any Subsidiaries. The Managing Member shall not form any Subsidiaries other than the Mezzanine Borrower and the Borrower; provided, however, that, notwithstanding the foregoing restriction, Guarantor may, pursuant to the other provisions of this Agreement, become the managing member of the Borrower and form, terminate or modify the structure of any Subsidiaries.
Limitation on Subsidiary Formation. Form any Subsidiaries, unless (a) the Borrower shall have given the Agent and the Lenders not less than ten Business Days' notice of such proposed formation, (b) all of the Capital Stock of such Subsidiary is directly owned by the Borrower and (c) simultaneously with the formation of such Subsidiary, this Agreement and the other Loan Documents are amended in a manner satisfactory to the Agent to provide that such Subsidiary becomes a joint obligor with the Borrower with respect to all Obligations.
Limitation on Subsidiary Formation. Create, organize, incorporate or acquire any Subsidiary (each a "New Subsidiary"), or permit any of its Subsidiaries to create, organize, incorporate or acquire any New Subsidiary, unless:
Limitation on Subsidiary Formation. Form any Subsidiaries or allow any existing Subsidiary to own any assets or engage in any business without the consent of the Required Lenders and unless, immediately upon the formation of such Subsidiary, the acquisition by such Subsidiary of any assets, or such Subsidiary engaging in any business, as applicable, (x) all requirements of Section 7.10 of this Agreement shall have been satisfied with respect to such Subsidiary, and (y) such Subsidiary has executed and delivered to the Administrative Agent a Guaranty and a Guarantor security agreement and such other documentation as may be contemplated by and in each case in accordance with Section 7.11 of this Agreement.
Limitation on Subsidiary Formation. Except with respect to those Subsidiaries formed solely for the purpose of issuing collateralized mortgage obligations, the Borrowers shall not form any Subsidiaries.
