Borrowing Base Subsidiary definition

Borrowing Base Subsidiary means (a) any Guarantor Subsidiary and (b) any direct or indirect wholly-owned Domestic Subsidiary of Borrower or any Guarantor Subsidiary.

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Borrowing Base Subsidiary means a Wholly Owned Subsidiary of Borrower or an Unencumbered Pool Property Controlled Subsidiary that directly owns or leases an Unencumbered Pool Property.

Borrowing Base Subsidiary means, at any time, any Subsidiary of the Company which owns or controls any Properties and any Subsidiary that owns or controls, directly or indirectly, another Subsidiary that owns or controls any Properties. The Borrowing Base Subsidiaries of the Company as of the Global Effective Date are listed on Schedule 8.8 hereto.

Examples of Borrowing Base Subsidiary in a sentence

• Each Loan Party and Borrowing Base Subsidiary is in compliance with each Governmental Approval applicable to it and in compliance with all other Applicable Laws (including without limitation, Environmental Laws) relating to such Loan Party and Borrowing Base Subsidiary except for noncompliances which, and Governmental Approvals the failure to possess which, could not, individually or in the aggregate, reasonably be expected to cause a Default or Event of Default or have a Material Adverse Effect.

• REIT shall continue to own, directly or indirectly, not less than eighty-five percent (85%) of the economic, voting and beneficial interest in the Borrower and shall be the sole general partner of the Borrower and the Borrower (or as provided in clause (e) of the definition of Change of Control, Borrower and REIT) shall continue to own, directly or indirectly, one hundred percent (100%) of the economic, voting and beneficial interest in each Borrowing Base Subsidiary.

• Each Borrowing Base Subsidiary is a Wholly Owned Subsidiary of the Borrower (or as permitted under this Agreement, Borrower and REIT).

• Upon any such transfer of Borrowing Base Assets to a Person other than a Borrowing Base Subsidiary, such transferred assets shall cease to constitute Borrowing Base Assets and upon any such transfer of Borrowing Base Asset Proceeds (or any transfer of such Borrowing Base Asset Proceeds pursuant to Section 2.06(e)) to a Person other than a Secured Guarantor, such amounts shall cease to constitute Borrowing Base Asset Proceeds.

• For purposes of this Section 11.9, the merger of the Company or any Borrowing Base Subsidiary as permitted under Section 11.2 shall be deemed to be an Acquisition not involving "margin stock".

More Definitions of Borrowing Base Subsidiary

Borrowing Base Subsidiary means, at any time, any Subsidiary of ESR OP that (i) (x) owns a Borrowing Base Property at such time and/or (y) is the lessee under an Eligible Ground Lease in respect of a Borrowing Base Property at such time or (ii) owns, directly or indirectly, any Equity Interests in a Subsidiary of the type specified in clause (i) of this definition.

Borrowing Base Subsidiary means each Subsidiary that directly owns any Borrowing Base Asset (or, with respect to any Borrowing Base Asset that is a Starwood Fund Investment Asset, directly owns the applicable Starwood Fund Equity Interests) or receives any Fee-Related Earnings that contribute to Servicing Fee EBITDA.

Borrowing Base Subsidiary means any Subsidiary of the Borrower whose equity interests constitute Borrowing Base Eligible Assets pursuant to subclauses (i)(y) or (i)(z) of the definition of Borrowing Base Eligibility Criteria and shall include, without limitation, all Borrowing Base Debt Subsidiaries listed on Schedule C-2.

Borrowing Base Subsidiary means any wholly-owned Subsidiary of any Borrower (or, with the Administrative Agent’s approval, which may be withheld in the Administrative Agent’s sole and absolute discretion, any other Subsidiary of any Borrower) incorporated or organized under the laws of any state of the United States of America or the District of Columbia that owns any Borrowing Base Property.

Borrowing Base Subsidiary. As defined in §7.19(a)(i). A Borrowing Base Subsidiary may be a Subsidiary Guarantor.

Borrowing Base Subsidiary means any Restricted Subsidiary which is also a “Restricted Subsidiary”, as such term is defined in the Senior Note Indenture.

Borrowing Base Subsidiary means each Subsidiary of the Borrower that is not a Non-Borrowing Base Subsidiary of the Borrower.