Examples of Included Subsidiary in a sentence
For purposes hereof, “Eligible Receivables” shall mean all trade generated accounts receivable then outstanding for services and for goods, merchandise and other items of tangible Property (collectively, “Products”) sold in the ordinary course of business by the Borrower or any Included Subsidiary.
Schedule "3" hereto contains an accurate list of all Subsidiaries of the Borrower as of the date of this Agreement, setting forth their respective jurisdictions of incorporation and the percentage of their respective capital stock owned by the Borrower or other Subsidiaries and whether such Subsidiary is an Included Subsidiary or an Excluded Subsidiary.
Metro Connector, Jackson, MS and (ii) a sale of real or personal property made for cash consideration in an amount not less than the cost of such real or personal property and consummated within 90 days after the Parent Guarantor or any Included Subsidiary acquires or completes the construction of such property.
Notwithstanding the foregoing, nothing set forth herein shall preclude Borrower or any Included Subsidiary from disposing of 100% of its equity interest in any Subsidiary in compliance with the requirements of Section 7.03 of this Agreement, provided that following such sale Borrower or such Included Subsidiary shall not have any further Guarantee liability in respect of such former Subsidiary.
The Borrower will not, nor will it permit any Included Subsidiary to, merge or consolidate with or into any other Person, except that an Included Subsidiary may merge into the Borrower or a Wholly-Owned Subsidiary which is also an Included Subsidiary.