Examples of Exempt Subsidiaries in a sentence
In the case of an Event of Default specified in Section 6.01(7) or (8) hereof, with respect to the Company, any Restricted Subsidiary (other than the Exempt Subsidiaries) that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, all Notes that are outstanding will become due and payable immediately without further action or notice.
In the case of an Event of Default specified in Section 6.01(9) or (10) hereof, with respect to the Company, any Restricted Subsidiary (other than the Exempt Subsidiaries) that is a Significant Subsidiary or any group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary, all Notes that are outstanding will become due and payable immediately without further action or notice.
In addition, Agent agrees that from time to time in the future Borrower may form Exempt Subsidiaries.
For purposes of this Section 5.09, (i) the term “Consolidated Subsidiaries” in the definitions of “Debt” and “Stockholders’ Equity” includes any Exempt Subsidiaries, and (ii) Debt will exclude up to (x) $200,000,000 of Debt of the Consolidated Subsidiaries in the aggregate and (y) $500,000,000 of Debt consisting of guarantees.
It is also contemplated that Ventures, Enterprises, Rule 58 Subsidiaries and Non-Exempt Subsidiaries will, in turn, issue securities from time to time pursuant to the exemption provided under Rule 52 to investors other than Exelon for the purpose of financing their respective operations, including future acquisitions of Exempt Subsidiaries, Rule 58 Subsidiaries, and other Non-Exempt Subsidiaries.