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

The designation of any Unrestricted Subsidiary as a Restricted Subsidiary of the Borrower shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time.
Following any such joinder, each such CTB Borrower shall no longer be a Restricted Subsidiary and shall be a Credit Party for all purposes hereunder and under the other Financing Documents and shall not be re-designated as a Restricted Subsidiary, and any restrictions or other terms that are specific to the CTB Borrowers shall no longer be applicable, so that the CTB Borrowers shall be treated upon the same terms as the other Credit Parties.
The designation of any Restricted Subsidiary of the Borrower as an Unrestricted Subsidiary shall constitute an Investment by the applicable Covenant Entity at the date of designation in an amount equal to the fair market value of such Covenant Entity’s Investment therein.
Except for the consent rights of the Borrower pursuant to Section 9.6, the provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Banks, and neither the Borrower nor any other Loan Party or any Restricted Subsidiary of the Loan Parties shall have rights as a third-party beneficiary of any of such provisions.

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, at any time, any direct or indirect Subsidiary of the Company (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 Issuer other than an Unrestricted Subsidiary.

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

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.

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

Restricted Subsidiary means any Subsidiary of the Parent Guarantor other than an Unrestricted Subsidiary.