Restricted Subsidiaries definition

Restricted Subsidiaries means the Subsidiaries of the Borrower other than the Unrestricted Subsidiaries.

Restricted Subsidiaries means all Subsidiaries other than Non-Restricted Subsidiaries.

Restricted Subsidiaries means all Subsidiaries of the Company other than Unrestricted Subsidiaries.

Examples of Restricted Subsidiaries in a sentence

• The Company will pay, and will cause each of its Restricted Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

• Each Loan Party shall, and shall cause each of its Restricted Subsidiaries, to obtain and maintain all licenses, permits (including Environmental Permits), certifications, franchises, consents and governmental authorizations and approvals necessary to own its property and to conduct its business as conducted on the Effective Date, except to the extent that the failure to do so, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

• Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, keep adequate books and records with respect to its business activities in which proper entries, reflecting all material financial transactions, are made in accordance with GAAP in all material respects and on a basis consistent with the Financial Statements.

• Without limiting any other provision of this Agreement, each Loan Party shall, and shall cause each of the Restricted Subsidiaries to, comply in all material respects with all Laws, including but not limited to all Health Care Laws, applicable to it and the terms of all Organization Documents applicable to it, except to the extent that the failure to comply, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

• The proceeds of the Revolving Credit Facility shall be used on the Closing Date solely to roll existing letters of credit and after the Closing Date for general corporate purposes of Parent and its Restricted Subsidiaries.

More Definitions of Restricted Subsidiaries

Restricted Subsidiaries means all Subsidiaries other than Unrestricted Subsidiaries.

Restricted Subsidiaries means, as of any date, all Subsidiaries of the Borrower that have not been designated as Unrestricted Subsidiaries by the Borrower pursuant to Section 6.08 or have been so designated as Unrestricted Subsidiaries by the Borrower but prior to such date have been (or have been deemed to be) re-designated by the Borrower as Restricted Subsidiaries pursuant to Section 6.08.

Restricted Subsidiaries means all existing and future Subsidiaries of Borrower other than the Unrestricted Subsidiaries.

Restricted Subsidiaries as of any date, the Subsidiaries of the Borrower and any other Loan Party which are not Unrestricted Subsidiaries.

Restricted Subsidiaries means the Subsidiary Loan Parties and each other Subsidiary of any Borrower that is not an Unrestricted Subsidiary.

Restricted Subsidiaries means [ ].

Restricted Subsidiaries means, collectively, each Pipeline Company Borrower and each of their respective consolidated Subsidiaries (other than Project Financing Subsidiaries) and each Subsidiary Guarantor (other than the Exempted Guarantor); provided, however, that any such Person shall cease to be a “Restricted Subsidiary” hereunder immediately upon any Disposition of the Equity Interests in such Person permitted by Section 6.04 that results in such Person no longer being a direct or indirect Subsidiary of the Company.