Common use of Permitted Subsidiaries Clause in Contracts

Permitted Subsidiaries. save as the Majority Lenders may otherwise agree (such agreement not to be unreasonably withheld) ensure that any Permitted Subsidiaries operate their respective businesses in a proper and efficient manner and in accordance with the principles set out in Schedule 11 (Financing of the Subsidiaries);

Appears in 3 contracts

Samples: Account Pledge Agreement, Account Pledge Agreement (Mercer International Inc.), Account Pledge Agreement (Mercer International Inc)

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Permitted Subsidiaries. save as the Majority Lenders may otherwise agree (such agreement not to be unreasonably withheld) ensure that any Permitted Subsidiaries operate their respective businesses in a proper and efficient manner and in accordance with the principles set out in Schedule 11 9 (Financing of the Subsidiaries)) of the Pulp Mill Facility Agreement;

Appears in 2 contracts

Samples: Letter Of (Mercer International Inc.), Mercer International Inc.

Permitted Subsidiaries. save as the Majority Lenders may otherwise agree (such agreement not to be unreasonably withheld) ensure that any Permitted Subsidiaries operate their respective businesses in a proper and efficient manner and in accordance with the principles set out in Schedule 11 9 (Financing of the Subsidiaries);

Appears in 2 contracts

Samples: Mercer International Inc., Mercer International Inc.

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Permitted Subsidiaries. save as the Majority Lenders may otherwise agree (such agreement not to be unreasonably withheld) ensure that any Permitted Subsidiaries operate their respective businesses in a proper and efficient manner and in accordance with the principles set out in Schedule 11 (Financing ----------- of the Subsidiaries);

Appears in 1 contract

Samples: Account Pledge Agreement (Mercer International Inc)

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