Ownership of Borrowers. The Parent shall at all times own and control, directly or indirectly, all of the equity interests (other than directors’ qualifying shares and other than as may be required by law) of each Borrower (unless, in the case of any Borrower other than the Company, such Borrower and has ceased to be a party hereto pursuant to Section 2.23).
Appears in 2 contracts
Samples: Credit Agreement (nVent Electric PLC), Credit Agreement (PENTAIR PLC)
Ownership of Borrowers. The Parent shall at all times own and control, directly or indirectly, all of the equity interests (other than directors’ qualifying shares and other than as may be required by law) of each Borrower (unless, in the case of any Borrower other than the Company, such Borrower and has ceased to be a party hereto pursuant to Section 2.232.15).
Appears in 1 contract
Samples: Credit Agreement (PENTAIR PLC)
Ownership of Borrowers. The Parent shall at all times own and control, directly or indirectly, all of the equity interests (other than directors’ qualifying shares and other than as may be required by law) of each Borrower (unless, in the case of any Borrower other than the Company, such Borrower and has ceased to be a party hereto pursuant to Section 2.232.16).
Appears in 1 contract
Samples: Credit Agreement (Pentair Inc)