Subsidiaries; Affiliates; Capitalization; Solvency. (a) Each Loan Party does not have any direct or indirect Subsidiaries and each Loan Party, Obligor and Foreign Borrower is not engaged in any joint venture or partnership except as set forth in Schedule 8.12 to the Information Certificate, subject to the rights of any such Loan Party, Obligor or Foreign Borrower to (i) create or acquire Subsidiaries in accordance with Section 9.10(j) hereof and (ii) engage in transactions with joint ventures in accordance with Section 9.10(k) hereof.
Appears in 2 contracts
Samples: Loan and Security Agreement (Delco Remy International Inc), Loan and Security Agreement (Delco Remy International Inc)
Subsidiaries; Affiliates; Capitalization; Solvency. (a) Each Loan Party does not have any direct or indirect Subsidiaries and each Loan Party, Party and Obligor and Foreign Borrower is not engaged in any joint venture or partnership except as set forth in Schedule 8.12 to the Information Certificate, subject to the rights of any such Loan Party, Party or Obligor or Foreign Borrower to (i) create or acquire Subsidiaries in accordance with Section 9.10(j) hereof and (ii) engage in transactions with joint ventures in accordance with Section 9.10(k) hereof.
Appears in 2 contracts
Samples: Loan and Security Agreement (Remy International, Inc.), Loan and Security Agreement (Delco Remy International Inc)
