No Subsidiary Sample Clauses
The "No Subsidiary" clause prohibits a party from establishing, acquiring, or maintaining subsidiaries during the term of the agreement. In practice, this means the party cannot create new companies or entities that are controlled by or affiliated with it, nor can it hold ownership interests in such entities. This clause is typically used to prevent circumvention of contractual obligations or to ensure that all business activities relevant to the agreement remain within the contracting entity, thereby maintaining transparency and reducing the risk of undisclosed liabilities or obligations.
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No Subsidiary. The Company does not have any subsidiary or any ownership interest in any other entity. Except as set forth in Schedule 3.5, the Company is not a ------------ party to any joint venture, partnership or similar arrangement and does not have the right to acquire any securities of, or ownership interests in, any other person or entity.
No Subsidiary. The Borrower will not have at any time any Subsidiary or equity investments or any interest in any Person other than portfolio securities that have been acquired in the ordinary course of business.
No Subsidiary. The Corporation does not beneficially own or exercise control or direction over 10% or more of the outstanding voting shares of any company that holds any assets or conducts any operations.
No Subsidiary. The Company does not own of record or beneficially any capital stock or equity interest or investment in any corporation, association, partnership, limited partnership, limited liability company, trust or other entity.
No Subsidiary. As of the date of this Agreement, the Company does not directly or indirectly owns any equity or similar interest in, or any interest convertible into or exchangeable or exercisable for, any corporation, partnership, joint venture or other business association or entity.
No Subsidiary. The Company does not currently own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, limited liability company, association, or other business entity. Except as disclosed in the Registration Statement, Pricing Disclosure Package, Prospectus, the Company is not a participant in any joint venture, partnership, or similar arrangement.
No Subsidiary. The Credit Parties will not at any time have any Subsidiary other than the Holding Vehicles and the Additional Pledgor without the prior written consent of the Agent; provided that the Agent will not unreasonably withhold its consent to any Subsidiary of the Borrower that is joined as a party hereto as a “holding vehicle” so long as, to the extent applicable, the cash accounts of such Subsidiary have been pledged to the Agent in a manner satisfactory to it and in furtherance thereof, such Subsidiary has entered into (i) a Security Agreement in form and substance satisfactory to the Agent and (ii) a Control Agreement in form and substance satisfactory to the Agent.
No Subsidiary. 29 SECTION 5.17 ERISA ................................................... 29
No Subsidiary. The Borrower will not have at any time any Subsidiary.
No Subsidiary. Such Borrower will not at any time have any Subsidiaries other than, with respect to each Designated Parent Borrower only, its Designated Subsidiaries.