Named Subsidiary definition

Named Subsidiary as used in Section 1(d) of the Underwriting Agreement shall be deemed to include any subsidiaries of the Company that are, on each of the dates specified above, “significant subsidiaries” of the Company within the meaning of Regulation S-X.
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Examples of Named Subsidiary in a sentence

  • Each “significant subsidiary” (as defined in Rule 1-02(w) of Regulation S-X) of the Company is a Named Subsidiary.

  • There are no outstanding subscriptions, rights, warrants, options, calls, commitments for sale or Liens related to or entitling any person to purchase or otherwise to acquire any shares of the capital stock of any Named Subsidiary.

  • Each subsidiary (a “Named Subsidiary”) of the Company listed on Schedule I hereto is a corporation or limited liability company validly existing and in good standing under the laws of the jurisdiction of organization indicated opposite the name of such Named Subsidiary on Schedule I hereto.

  • Each of the Company and each Named Subsidiary has the organizational power and authority to enter into and perform the Credit Documents to which it is a party, has taken all necessary corporate or limited liability company action to authorize the execution, delivery and performance of such Credit Documents and has duly executed and delivered such Credit Documents.

  • All of the issued and outstanding shares of capital stock or limited liability company membership interest, as applicable, of each Named Subsidiary have been duly authorized and validly issued, are fully paid and nonassessable and are owned by the Bank, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equitable right.

  • Each significant subsidiary (as defined in Rule 1-02(w) of Regulation S-X) of the Company is a Named Subsidiary.