Qualified Subsidiaries. (a) Except to the extent restricted pursuant to any Permitted Payment Restrictions, the Borrower shall, and shall cause each Subsidiary to, cause each Qualified Subsidiary to declare and pay regular monthly, quarterly, semiannual or annual dividends or distributions to the holders of its Equity Interests in an amount equal to substantially all of the available cash flow of such Subsidiary for such period as determined in good faith by its Board of Directors, subject to fiduciary duties applicable to such Board and such ordinary and customary reserves and other amounts as, in the good faith judgment of such Board, may be necessary so that the business of such Subsidiary may be properly and advantageously conducted at all times, including amounts necessary for operations, capital expenditures, debt service and other needs.
Qualified Subsidiaries. FT and DT shall cause each Person which, as a result of the acquisition of Beneficial Ownership of any Sprint Voting Securities, would become a Qualified Subsidiary to execute a Qualified Subsidiary Standstill Agreement prior to and as a condition to the effectiveness of such acquisition.
Qualified Subsidiaries. (a) Except to the extent restricted pursuant to any Permitted Payment Restrictions, the Borrower shall, and shall cause each Subsidiary to, cause each Qualified Subsidiary to declare and pay regular monthly, quarterly, semiannual or annual dividends or distributions to the holders of its Equity Interests in an amount equal to substantially all of the available cash flow of such Subsidiary for such period as determined in good faith by the board of directors, board of governors or such other individuals performing similar functions, subject to fiduciary duties applicable to such board or individual and such ordinary and customary reserves and other amounts as, in the good faith judgment of such individuals, may be necessary so that the business of such Subsidiary may be properly and advantageously conducted at all times, including amounts necessary for operations, capital expenditures, debt service and other needs.
Qualified Subsidiaries. ..19 Section 9.8 Governing Law; Dispute Resolution; Equitable Relief.....................................19 Section 9.9 Severability............................................19 Section 9.10
Qualified Subsidiaries. Each party shall cause its Qualified Subsidiaries to take such action as may be required to ensure such party's compliance herewith and with the Relevant Documents. To the extent permitted by the Relevant Documents, each party may assign to any of its Qualified Subsidiaries any right of such party pursuant to the Relevant Documents to acquire or dispose of Class A Stock or other Voting Securities of the Company or Specified Long Distance Assets; provided that such Qualified Subsidiary shall have executed and delivered an assumption agreement in form and substance reasonably satisfactory to the other party pursuant to which such Qualified Subsidiary shall be bound by the terms of this Agreement; and provided, further, that, notwithstanding the foregoing, the assigning party shall remain liable for the full and timely performance of all of its obligations hereunder. Each party agrees to act as agent for each of its Qualified Subsidiaries in connection with the receipt or giving of any and all notices or approvals under this Agreement and the Relevant Documents.
Qualified Subsidiaries. Borrower shall notify Agent of each Qualified Subsidiary formed or acquired subsequent to the Closing Date and, within 15 days of formation, shall cause any such Qualified Subsidiary to execute and deliver to Agent a Joinder Agreement.
