Common use of Subsidiaries and Owners; Investment Companies Clause in Contracts

Subsidiaries and Owners; Investment Companies. Schedule 4.1.2 states the name of each of the Borrower's Subsidiaries (other than Insignificant Subsidiaries) as of the Closing Date and as of the Completion Date, its jurisdiction of organization and the amount, percentage and type of equity interests in such Subsidiary (the “Subsidiary Equity Interests”). The Borrower and each of its Subsidiaries has good and marketable title to all of the Subsidiary Equity Interests it purports to own, free and clear in each case of any Lien and all such Subsidiary Equity Interests have been validly issued, fully paid and nonassessable. Neither the Borrower nor any of its Subsidiaries is an “investment company” registered or required to be registered under the Investment Company Act of 1940 or under the “control” of an “investment company” as such terms are defined in the Investment Company Act of 1940 and shall not become such an “investment company” or under such “control.”

Appears in 2 contracts

Samples: Credit Facility Agreement (Cincinnati Financial Corp), Credit Facility Agreement (Cincinnati Financial Corp)

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Subsidiaries and Owners; Investment Companies. Schedule 4.1.2 states 6.1.2 states, as of the Closing Date the name of each of the Borrower's Subsidiaries (other than Insignificant Parent’s Subsidiaries) as of the Closing Date and as of the Completion Date, its jurisdiction of organization and the amount, percentage and type of equity interests in such Subsidiary (the “Subsidiary Equity Interests”). The Borrower Parent and each Subsidiary of its Subsidiaries the Parent has good and marketable title to all of the Subsidiary Equity Interests it purports to own, free and clear in each case of any Lien (other than Liens in favor of the Administrative Agent under the Loan Documents) and all such Subsidiary Equity Interests have been validly issued, fully paid and nonassessable. Neither None of the Borrower nor Loan Parties or Subsidiaries of any of its Subsidiaries Loan Party is an “investment company” registered or required to be registered under the Investment Company Act of 1940 or under the “control” of an “investment company” as such terms are defined in the Investment Company Act of 1940 and shall not become such an “investment company” or under such “control.”

Appears in 1 contract

Samples: Credit Agreement (Gp Strategies Corp)

Subsidiaries and Owners; Investment Companies. Schedule 4.1.2 5.2(b) states the name of each of the US Borrower's Subsidiaries (other than Insignificant Subsidiaries) as of the Closing Date and as of the Completion Date, its jurisdiction of organization and the amount, percentage and type of equity interests Equity Interests in such Subsidiary (the "Subsidiary Equity Interests"). The Borrower Each Credit Party and each Subsidiary of its Subsidiaries a Credit Party has good and marketable title to all of the Subsidiary Equity Interests it purports to own, free and clear in each case of any Lien Lien, and all such Subsidiary Equity Interests have been validly issuedissued and, in the case of the Equity Interests in US Subsidiaries, are fully paid and nonassessable. Neither None of the Borrower nor Credit Parties or Subsidiaries of any of its Subsidiaries Credit Party is an "investment company" registered or required to be registered under the Investment Company Act of 1940 or under the "control" of an "investment company" as such terms are defined in the Investment Company Act of 1940 and shall not become such an "investment company" or under such "control".

Appears in 1 contract

Samples: Credit and Security Agreement (Ferroglobe PLC)

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Subsidiaries and Owners; Investment Companies. As of the Third Amendment Effective Date, Schedule 4.1.2 5.1.2 states the name of each of the Borrower's Borrowers’ Subsidiaries (other than Insignificant Subsidiaries) as of the Closing Date and as of the Completion Date), its jurisdiction of organization and the amount, percentage and type of equity interests in such Subsidiary (the “Subsidiary Equity Interests”). The Each Borrower and each of its their respective Subsidiaries has good and marketable title to all of the Subsidiary Equity Interests it purports to own, free and clear in each case of any Lien and all such Subsidiary Equity Interests have been validly issued, fully paid and nonassessable. Neither the No Borrower nor any of its their respective Subsidiaries is an “investment company” registered or required to be registered under the Investment Company Act of 1940 or under the “control” of an “investment company” as such terms are defined in the Investment Company Act of 1940 and shall not become such an “investment company” or under such “control.”“ 731074755 12403011

Appears in 1 contract

Samples: Credit Agreement (Cincinnati Financial Corp)

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