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 Borrower other than Unrestricted Subsidiaries.

Examples of Restricted Subsidiaries in a sentence

  • Notwithstanding anything to the contrary in this Indenture, Restricted Subsidiaries that are not Guarantors shall not be permitted to incur any Indebtedness for borrowed money (which, for the avoidance of doubt, does not Purchase Money Indebtedness, and any related Liens thereto) pursuant to this Section 4.09.

  • As described above, however, no Default or Event of Default will be deemed to have occurred on the Reversion Date as a result of any actions taken by the Company or its Restricted Subsidiaries during the Suspension Period.

  • Liens incurred with respect to obligations of the Company and its Restricted Subsidiaries outstanding at any one time that do not exceed the greater of (i) $100.0 million and (ii) 1.0% of the Company’s Consolidated Net Worth.

  • Notwithstanding anything to the contrary in this Indenture, the Issuer or any of its Restricted Subsidiaries shall not transfer any Intellectual Property that is material to the business of the Issuer and its Subsidiaries, taken as a whole, to any Unrestricted Subsidiary by way of sale, Investment, designation of an Unrestricted Subsidiary, disposition or otherwise.

  • If and while the Company and its Restricted Subsidiaries are not subject to the Suspended Covenants, the Notes will be entitled to substantially less covenant protection.


More Definitions of Restricted Subsidiaries

Restricted Subsidiaries means all Subsidiaries other than 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, 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 the Subsidiary Loan Parties and each other Subsidiary of any Borrower that is not an Unrestricted Subsidiary.
Restricted Subsidiaries means all existing and future Subsidiaries of the Company other than the Unrestricted Subsidiaries.
Restricted Subsidiaries means the Persons set forth on Schedule 6.02(i) and any New Restricted Subsidiary, provided that any Restricted Subsidiary designated as an Unrestricted Subsidiary pursuant to and in compliance with Section 7.08(a) shall cease to be a Restricted Subsidiary.
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