Principal Subsidiaries. Permit the combined EBITDAX of the Borrower and the Principal Subsidiaries to be less than 80% of the consolidated EBITDAX of the Borrower and its Subsidiaries as shown on the most recent consolidated income statement required to be delivered to the Banks pursuant to Section 5.01(b).
Principal Subsidiaries. Set forth on Schedule II are all of the Principal Subsidiaries as of the date hereof.
Principal Subsidiaries. 52 ARTICLE 11 MISCELLANEOUS.................................................. 52
Principal Subsidiaries. The Agent is hereby authorized to release ---------------------- any Principal Subsidiary from the Subsidiary Guaranty (Multi-Year Revolving Credit Facility) in connection with any disposition or merger of such Principal Subsidiary permitted hereunder.
Principal Subsidiaries. 32 6.16 Year 2000........................................................................................ 32
Principal Subsidiaries. The Company shall supply to the Agent with each set of financial statements delivered by it pursuant to paragraph (a)(ii), (a)(vi) or (a)(vii) of Clause 20.1 (Financial statements) or, within 14 days after any request made by the Agent (acting reasonably), a certificate signed on its behalf by two authorised signatories of the Company, one of which is the chief executive officer or the chief financial officer of the Company:
Principal Subsidiaries. (a) Fail to own, directly or indirectly, all of the outstanding shares of common stock of each of the Principal Subsidiaries or (b) create, incur, assume or suffer to exist any Lien upon any shares of common stock of any Principal Subsidiary owned by the Company or any of its Subsidiaries except Liens of the nature referred to in clauses (a), (f), (j) and (k) of subsection 7.2.
Principal Subsidiaries. With each set of accounts delivered by it under Clause 20.2 (Audited Accounts) (and within 14 days after any written request made by the Agent from time to time), the Company will deliver to the Agent:
Principal Subsidiaries. Schedule II to the Credit Agreement is hereby replaced in its entirety by the Schedule II attached hereto.
Principal Subsidiaries. Set forth on Schedule III is a complete and accurate list of all Principal Subsidiaries existing on September 30, 1996, showing the jurisdiction of its incorporation, and the percentage of its outstanding capital stock owned by the Company on the date hereof. All stock of each Principal Subsidiary has been validly issued, is fully paid and nonassessable and (except for directors' qualifying shares) is owned, directly or indirectly, by the Company free and clear of all Liens not permitted under Section 5.02 hereof.
