NWED definition
Examples of NWED in a sentence
NORTHWEST EDUCATIONAL DEVELOPMENT, LLC September 15, 2022 Oak Harbor School District Program supervisors meet the following criteria for appointment to the NWED Program.
The Company shall not (i) directly or indirectly declare or make, or incur any liability to make, any Distribution, except Distributions (a) to the Company by a Wholly Owned Subsidiary of the Company, (b) by one Wholly Owned Subsidiary to another Wholly Owned Subsidiary (other than the NWED Entities) or (c) to a Wholly-Owned Subsidiary of NWED by a Wholly Owned Subsidiary of NWED, or (ii) make any change in its capital structure which could reasonably be expected to have a Material Adverse Effect.
Notwithstanding the foregoing, if an Event of Default specified in clause (e) or (f) of Section 6.01 hereof occurs with respect to the Company or any of its Subsidiaries (other than the NWED Entities), all outstanding Notes shall be due and payable immediately without further action or notice.
If the Company or any of its Subsidiaries shall acquire or create another Subsidiary, then such newly acquired or created Subsidiary shall become a Subsidiary Guarantor and execute a Supplemental Indenture and deliver an Opinion of Counsel, in accordance with the terms of this Indenture, it being understood that the NWED Entities shall not be required to become Subsidiary Guarantors.