Common use of Subsidiary Reference Clause in Contracts

Subsidiary Reference. Any reference herein to a Subsidiary or Subsidiaries of the Company and any financial definition, ratio, restriction or other provision of this Agreement which is stated to be applicable to "the Company" and the Subsidiaries or which is to be determined on a "consolidated" or "consolidating" basis, shall apply only to the extent the Company has any Subsidiaries and, where applicable, to the extent any such Subsidiaries are consolidated with the Company for financial reporting purposes. References to a Subsidiary or Subsidiaries shall not be construed as constituting a consent to the existence, creation or acquisition of any Subsidiary.

Subsidiary Reference. Any reference herein to a Subsidiary or Subsidiaries of the Company and any financial definition, ratio, restriction or other provision of this Agreement which is stated to be applicable to "the Company" and the Subsidiaries or which is to be determined on a "consolidated" or "consolidating" basis, shall apply only to the extent the Company has any Subsidiaries and, . where applicable, to the extent any such Subsidiaries are consolidated with the Company for financial reporting purposes. References to a Subsidiary or Subsidiaries shall not be construed as constituting a consent to the existence, creation or acquisition of any Subsidiary.