Active Subsidiaries definition

Active Subsidiaries has the meaning set forth in Section 3.3 hereof.

Active Subsidiaries means all Subsidiaries other than those listed on Schedule 1.01(a).

Active Subsidiaries means Seven Seas Petroleum USA Inc., a Delaware corporation, Seven Seas Petroleum Colombia Inc., a Cayman Islands company, Petrolinson SA, a Panamanian corporation, and GHK Company Colombia, an Oklahoma corporation. COLLATERAL AGENT means the Mortgagee as collateral agent under the certain Collateral Sharing Agreement;

Examples of Active Subsidiaries in a sentence

• Each parcel of land that an KGEM Active Subsidiaries closes on, is considered a facility.

• Each of this Note and all other Transaction Documents have been duly authorized, executed and delivered by the Company and each of the Active Subsidiaries that is a party thereto, and constitutes its legal, valid and binding obligation, enforceable against it in accordance with the terms hereof and thereof.

• The Company and its Active Subsidiaries are corporations duly organized and validly existing in good standing under the laws of the jurisdiction in which they are incorporated, and have the requisite corporate power to own their properties and to carry on their business as now being conducted.

• Each of the Company and its Active Subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted by it makes such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have a material adverse effect on the Company and its Active Subsidiaries taken as a whole.

• The Company and the Active Subsidiaries has each received all necessary consents to enter into and perform its respective obligations under the Transaction Documents.

More Definitions of Active Subsidiaries

Active Subsidiaries means all of the Company’s Subsidiaries, other than the Inactive Subsidiaries.

Active Subsidiaries means those Subsidiaries listed as such on Schedule 1.01 of the Disclosure Schedule.

Active Subsidiaries means any of the Borrower's Consolidated Subsidiaries which either (i) own Property having a fair value in excess of $100,000, or (ii) have revenue or income in excess of $100,000 in any fiscal year during the term of this Agreement.

Active Subsidiaries all Subsidiaries of the Guarantor other than ------------------- those listed on Schedule 1.1(a).

Active Subsidiaries means each Subsidiary of the Company other than ------------------- any Inactive Subsidiary.

Active Subsidiaries has the meaning ascribed to it in Article 4.2(d);

Active Subsidiaries as defined in the Credit Agreement. -------------------