Non-Guarantor Subsidiaries definition

Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

Non-Guarantor Subsidiaries means (a) any Immaterial Subsidiary, (b) any Subsidiary that is prohibited by applicable Law or Contractual Obligations existing on the Closing Date and not entered into in contemplation of the Acquisition (or, in the case of any newly acquired Subsidiary, in existence at the time of acquisition but not entered into in contemplation thereof) from providing a Guaranty of the Secured Obligations or if guaranteeing the Secured Obligations would require governmental (including regulatory) consent, approval, license or authorization (unless such consent, approval, license or authorization has been obtained), (c) any other Subsidiary with respect to which, in the reasonable judgments of the Borrower and the Administrative Agent, the cost (including any adverse tax consequences) of providing a Guaranty shall be excessive in view of the benefits to be obtained by the Lenders therefrom and (d) any CFC Holdco of the Borrower.

Non-Guarantor Subsidiaries means (x) any Unrestricted Subsidiary, (y) any Receivables Subsidiary and (z) any Subsidiary of the Company that does not guarantee the Company’s Obligations under the Credit Agreement and does not guarantee any Indebtedness of the Company or a Subsidiary Guarantor of $25.0 million or more. The Board of Directors of the Company may designate any Restricted Subsidiary as a Non-Guarantor Subsidiary by filing with the Trustee a certified copy of a resolution of such Board of Directors giving effect to such designation and an Officers’ Certificate certifying as to the applicable clause of the definition of Non-Guarantor Subsidiaries that warrants such designation.

Examples of Non-Guarantor Subsidiaries in a sentence

• The Non-Guarantor Subsidiaries column presents the financial information of all non-guarantor subsidiaries, including those subsidiaries that are governed by foreign laws and Yellow Roadway Receivables Funding Corporation, the special-purpose entity that is associated with our ABS agreement.

• Our subsidiaries comprising the Financial Services segment along with certain other subsidiaries (collectively, the "Non-Guarantor Subsidiaries") do not guarantee the senior notes.

• Each such Restricted Subsidiary and its Restricted Subsidiaries that do not provide a Subsidiary Guarantee or a JV Subsidiary Guarantee will also be referred to as Other Non-Guarantor Subsidiaries.

• The supplemental condensed consolidating financial information reflects the investments of the Parent in the Guarantor Subsidiaries, as well as the investments of the Guarantor Subsidiaries in the Non-Guarantor Subsidiaries, using the equity method.

• The Earnest Money should be in cash or in any of the following forms:-As per Railway Board Letter No. 2013/CE-1/CT/0/45/JV dt.22.09.14The earnest Money should be in cash or Bankers Cheques/Demand Draft in favour of FA& CAO/Northern Railway, New Delhi executed by SBI or any of the Nationalised Bank or by a Scheduled Bank6.

More Definitions of Non-Guarantor Subsidiaries

Non-Guarantor Subsidiaries means all Subsidiaries, other than the Revolving Borrower and any Subsidiaries that are Guarantors.

Non-Guarantor Subsidiaries means each Restricted Subsidiary that is not a Guarantor.

Non-Guarantor Subsidiaries means (i) on the Restatement Effective Date, each Subsidiary of the U.S. Borrower listed on Part A of Schedule XIII and (ii) after the Restatement Effective Date, any Subsidiary of the U.S. Borrower that is not at such time a Subsidiary Guarantor.

Non-Guarantor Subsidiaries is defined in Section 7.10.

Non-Guarantor Subsidiaries means, at any time, the Subsidiaries of the U.S. Borrower that are not at such time Subsidiary Guarantors.

Non-Guarantor Subsidiaries has the meaning assigned to such term in Section 11.09.

Non-Guarantor Subsidiaries means Domestic Subsidiaries which are not Guarantors (other than any Securitization Subsidiary).