Restricted Subsidiary definition

Restricted Subsidiary means any Subsidiary of the Company other than an Unrestricted Subsidiary.

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Restricted Subsidiary of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary.

Restricted Subsidiary means any Subsidiary of the Borrower other than an Unrestricted Subsidiary.

Examples of Restricted Subsidiary in a sentence

• If reasonably requested by the Administrative Agent, the Borrower shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Borrower (a “Release Certificate”) certifying that such release or subordination of such asset, property or other Collateral is permitted under the Loan Documents (and for the avoidance of doubt, no other documentation or information shall be required to be provided by the Borrower or any other Restricted Subsidiary).

• Any division of a limited liability company shall constitute a separate Person hereunder (and each division of any limited liability company that is a subsidiary, Restricted Subsidiary, Unrestricted Subsidiary, joint venture or any other like term shall also constitute such a Person or entity).

• Notwithstanding the foregoing, the requirements of this Section 5.10(b) do not apply to the designation (or redesignation) of any Globetrotter Unrestricted Subsidiary as a Restricted Subsidiary, which such designation or redesignation shall be permitted hereunder.

• In the event and on each occasion that any Net Proceeds are received by or on behalf of the Borrower or any Restricted Subsidiary in respect of any Debt Incurrence Prepayment Event, the Borrower shall, within ten Business Days after such Net Proceeds are received, offer to prepay Term Loans in an aggregate amount equal to 100% of such Net Proceeds.

More Definitions of Restricted Subsidiary

Restricted Subsidiary means, as to any Person, any subsidiary of such Person that is not an Unrestricted Subsidiary. Unless otherwise specified, “Restricted Subsidiary” shall mean any Restricted Subsidiary of the Borrower.

Restricted Subsidiary means any Subsidiary of the Issuer other than an Unrestricted Subsidiary.

Restricted Subsidiary means, at any time, each direct and indirect subsidiary of the Borrower (including any Foreign Subsidiary) that is not then an Unrestricted Subsidiary; provided, however, that upon the occurrence of an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Subsidiary shall be included in the definition of “Restricted Subsidiary”.

Restricted Subsidiary means any Subsidiary of the Company that owns or leases a Principal Property.

Restricted Subsidiary means any Subsidiary other than an Unrestricted Subsidiary.

Restricted Subsidiary means any Subsidiary that has not been designated as an “Unrestricted Subsidiary” in accordance with this Indenture.

Restricted Subsidiary means any Subsidiary substantially all the property of which is located, or substantially all the business of which is carried on, within the United States (other than its territories and possessions) which shall at the time, directly or indirectly, through one or more Subsidiaries or in combination with one or more other Subsidiaries or the Company, own or be a lessee of a Principal Property.