Redesignation as Subsidiary Clause Samples

Redesignation as Subsidiary. Subject to Section 9.1(t), the Borrower may from time to time by notice in writing to the Agent be entitled to designate that a Material Subsidiary will no longer be a Material Subsidiary; provided that the Borrower shall not be entitled to make any such designation if immediately after giving effect to any such designation a Default or Event of Default would occur or be continuing.