Subsidiary of the Company. The Credit Parties may make loans and advances to other Credit Parties upon the terms and conditions thereto contained in the Credit Agreement, including, without limitation, the subordination of such obligations to the obligations of the Credit Parties under the Loan Documents. The obligations of the Lenders to make Loans are conditioned on, among other things, the execution and delivery by each Credit Party of a Subordination Agreement in the form hereof.
Subsidiary of the Company. The Company owns directly ------------------------- securities representing fifty-one percent (51%) of the aggregate voting power of Palmetto Lime, LLC, a limited liability company organized and existing under the laws of the state of South Carolina (hereinafter referred to as the "Subsidiary"). All membership interests of the Subsidiary owned by the Company ---------- are free and clear of all Encumbrances, other than such Encumbrances which were incurred by Purchaser or caused to be incurred by the Company or any Subsidiary by Purchaser as a result of the transactions contemplated by this Agreement, and all such membership interests are duly authorized, validly issued, fully paid and nonassessable. The Company does not own an equity or other ownership interest in any Person other than the Subsidiary. There are no preemptive or other outstanding rights, options, warrants, conversion rights, stock appreciation rights, redemption rights, agreements, arrangements or commitments to issue or sell any shares of capital stock or other securities of the Subsidiary or any securities or obligations convertible or exchangeable into or exercisable for, or giving any Person a right to subscribe for or acquire, any securities of the Subsidiary, and no securities or obligations evidencing such rights are authorized, issued or outstanding. There is no obligation of the Company or Seller to purchase any equity of the Subsidiary. The Subsidiary does not have outstanding any bonds, debentures, notes or other obligations the holders of which have the right to vote (or convertible into or exercisable for securities having the right to vote) with the unitholder of the Subsidiary on any matter. The Subsidiary is a limited liability company duly organized, validly existing and in good standing under the laws of its jurisdiction of organization, has the power and authority to own or lease its assets and to carry on its business substantially as it is now being conducted, and is duly qualified as a foreign corporation to do business, and is in good standing, in each jurisdiction where the ownership or operation of its properties and assets or the conduct of its business requires such qualification, except where the failure to be so qualified would not be reasonably likely to have a Material Adverse Effect.
Subsidiary of the Company. Any such indenture, loan or debt agreement may not be used to interpret this Indenture.
Subsidiary of the Company. The term "subsidiary of the Company" shall mean a corporation a majority of the outstanding voting stock of which is owned, directly or indirectly, by the Company or by one or more subsidiaries of the Company, or by the Company and one or more subsidiaries of the Company. As used under this heading, the term "voting stock" means stock having ordinary voting power to elect a majority of the directors irrespective of whether or not stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency.
Subsidiary of the Company. (a) CircuLite GmbH, a German limited liability company, is the sole Subsidiary of the Company and is wholly-owned by the Company. The Company does not directly or indirectly (including through the Subsidiary of the Company) own any equity interest in any other Person.
Subsidiary of the Company. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the subsidiary listed in Exhibit 21.1 to the Registration Statement.
Subsidiary of the Company. No such pledge, security or debt agreement may be used to interpret this Security Agreement.
Subsidiary of the Company. If any Event of Default occurs and is continuing, the Trustee or the holders of at least 25% in aggregate principal amount of the Outstanding Securities may declare the principal amount (or, if prior to May 1, 2002, the Accreted Value) of all the Securities to be due and payable immediately, except that (i) in the case of an Event of Default arising from certain events of bankruptcy, insolvency or reorganization of the Company or any Restricted Subsidiary, the principal amount (or, if prior to May 1, 2002, the Accreted Value) of the Securities will become due and payable immediately without further action or notice, and (ii) in the case of an Event of Default which relates to certain payment defaults, acceleration or the exercise of certain enforcement rights with respect to certain Indebtedness, any acceleration of the Securities will be automatically rescinded if any such Indebtedness is repaid or if the default relating to such Indebtedness is cured or waived and if the holders thereof have accelerated such Indebtedness then such holders have rescinded their declaration of acceleration or if in certain circumstances the proceedings or enforcement action with respect to the Indebtedness that is the subject of such Event of Default is terminated or rescinded. No Holder may pursue any remedy under the Indenture unless the Trustee shall have failed to act after notice of an Event of Default and written request by Holders of at least 25% in principal amount of the Outstanding Securities, and the offer to the Trustee of indemnity reasonably satisfactory to it; however, such provision does not affect the right to xxx for enforcement of any overdue payment on a Security by the Holder thereof. Subject to certain limitations, Holders of a majority in principal amount of the Outstanding Securities may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing default (except default in payment of principal, premium or interest) if it determines in good faith that, withholding the notice is in the interest of the Holders. The Company is required to file annual reports with the Trustee as to the absence or existence of defaults.
Subsidiary of the Company. The Company does not own or control, directly or indirectly, any corporation, association or other entity other than Xxxxxxx Technologies Europe BV, which subsidiary does not constitute a "significant subsidiary," as defined in Rule 1-02(v) of Regulation S-X under the Securities Act.