Unsecured Indebtedness. All Indebtedness of any Person that is not secured by a Lien on any asset of such Person. wholly-owned Subsidiary. Any Subsidiary of which Sovran and/or SALP shall at any time own directly or indirectly through a Subsidiary or Subsidiaries at least a majority (by number of votes or controlling interests) of the outstanding voting interests and one hundred percent (100%) of the economic interests, of which at least ninety-nine percent (99%) of the economic interests shall be owned by SALP.
Appears in 4 contracts
Samples: Credit Agreement (Sovran Self Storage Inc), Revolving Credit and Term Loan Agreement (Sovran Self Storage Inc), Credit Agreement (Sovran Self Storage Inc)
Unsecured Indebtedness. All Indebtedness of any Person that is not secured by a Lien on any asset of such Person. Wxxxx Fargo Bank. As defined in the preamble hereto. wholly-owned Subsidiary. Any Subsidiary of which Sovran and/or SALP shall at any time own directly or indirectly through a Subsidiary or Subsidiaries at least a majority (by number of votes or controlling interests) of the outstanding voting interests and one hundred percent (100%) of the economic interests, of which at least ninety-nine percent (99%) of the economic interests shall be owned by SALP.
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Sovran Self Storage Inc)
