Borrower Subsidiaries definition

Borrower Subsidiaries means, individually and collectively, all of the Subsidiaries of the Borrower and/or CRT.

Borrower Subsidiaries means all Subsidiaries of the Borrower;

Borrower Subsidiaries means LSB, L&S Bearing Co., El Dorado Chemical Company, Slurry Explosive Corporation, Climate Master, Inc., International Environmental Corporation and Summit Machine Tool Manufacturing Corp.

Examples of Borrower Subsidiaries in a sentence

• All financial statements of CRT, the Borrower, the Borrower Subsidiaries, or any other Loan Party hereafter furnished to the Administrative Agent or any of the Lenders shall be true, accurate and complete in all material respects and shall fairly present the financial condition of CRT, the Borrower, the Borrower Subsidiaries and/or respective Loan Party, as applicable, as of the date thereof.

• Upon the request of the Administrative Agent, the Borrower shall (and shall cause the other Loan Parties, ERISA Affiliates and Borrower Subsidiaries to) deliver to the Administrative Agent a complete copy of the annual report (Form 5500) of each Plan required to be filed with the Department of Labor.

• The Consolidated financial statements of CRT and the consolidating financial statements of the Borrower and each Borrower Subsidiary delivered to the Administrative Agent (and which statements the Administrative Agent has delivered to the Lenders) present fairly the (a) financial condition of CRT and its Subsidiaries and the Borrower and the Borrower Subsidiaries, as applicable, as of the dates of such statements and (b) results of operations for the periods covered thereby.

• The Borrower hereby acknowledges that the issuance of Letters of Credit for the account of Borrower Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Borrower Subsidiaries.

• The provisions of this Agreement relating to Borrower Subsidiaries shall only apply during such times as the Borrower has one or more Borrower Subsidiaries.

More Definitions of Borrower Subsidiaries

Borrower Subsidiaries means the Subsidiaries of each Borrower and “Borrower Subsidiary” means any Subsidiary of any Borrower.

Borrower Subsidiaries means any Wholly-Owned Subsidiary of the Company as to which an Election to Participate shall have been delivered to the Administrative Agent and as to which an Election to Terminate shall not have been delivered to the Administrative Agent. Each such Election to Participate and Election to Terminate shall be duly executed on behalf of such Wholly-Owned Subsidiary and the Company in such number of copies as the Administrative Agent may request. The delivery of an Election to Terminate shall not affect any obligation of a Borrower Subsidiary theretofore incurred. The Administrative Agent shall promptly give notice to the Banks of the receipt of any Election to Participate or Election to Terminate.

Borrower Subsidiaries means, individually and collectively, all of the Subsidiaries of the Borrower and/or CRT. “Borrower Termination Date” shall have the meaning set forth in Section 2.2.6.

Borrower Subsidiaries shall have the meaning given to such term in the recitals.

Borrower Subsidiaries means any Subsidiary of the Borrower.

Borrower Subsidiaries shall have the meaning set forth in the preamble to this Agreement.

Borrower Subsidiaries the Borrower’s Direct Subsidiaries, and all of their Subsidiaries.