Leasing Subsidiaries definition
Examples of Leasing Subsidiaries in a sentence
Create or acquire any new Subsidiary after the Closing Date other than Railcar Leasing Subsidiaries, Designated Joint Venture Entities and Subsidiaries created or acquired in accordance with Section 7.12.
None of the Borrowers or any of the Foreign Leasing Subsidiaries has used any trade names or assumed names except in connection with advertising and in any event, not in connection with the incurrence of any obligations or liabilities of any kind.
Except as set forth in Section 2.1(a) of the Company Disclosure Schedule, each of the Company and its Subsidiaries (specifically excluding for this purpose, the Leasing Subsidiaries) is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization and has the requisite corporate power and authority necessary to enable it to own, lease and operate its properties and assets and to carry on its business as it is now being conducted.
To the knowledge of Mint Leasing, the conduct of the business of Mint Leasing and Mint Leasing Subsidiaries as currently conducted does not and will not conflict in any way with any patent, patent right, license, trademark, trademark right, trade dress, trade name, trade name right, service ▇▇▇▇ or copyright of any third party that has had, or could reasonably be expected to have, individually or in the aggregate, a Mint Leasing Material Adverse Effect.
Each of the Company and its Subsidiaries (specifically excluding for this purpose, the Leasing Subsidiaries) is duly qualified as a foreign corporation, and is in good standing, in each state where the character of the properties owned or leased by it or the nature of its activities makes such qualification or licensing necessary, except where the failure to be so qualified would not have, individually or in the aggregate, a Material Adverse Effect on the Company.
The Company Disclosure Schedule sets forth the name and jurisdiction of incorporation of each Company Subsidiary and the jurisdictions in which each such Company Subsidiary is qualified to do business (specifically excluding for this purpose, the Leasing Subsidiaries).
In addition, at no time shall the Post-Computation Amount included in the Borrowing Base of Eligible Contracts of Foreign Leasing Subsidiaries or of any Borrower covering Eligible Equipment in a Foreign Location (including, without limitation, Residual Values) in respect of such assets in all Foreign Locations exceed in the aggregate Five Million ($5,000,000) Dollars.
The ----------------------------------------------------------- Company will not, and will not permit its Consolidated Subsidiaries, with the exception of the Finance Leasing Subsidiaries, to enter into any Securitizations, or sell or discount receivables with recourse or sell and lease back fixed assets the aggregate amount of which when added to all liens permitted by Section 5.6(g) exceed 10% of Consolidated Net Worth.