Examples of Special Subsidiary in a sentence
Schedule 5.01 lists, as of the Closing Date, each Subsidiary of the Borrower (and the direct and indirect ownership interest of the Borrower therein), and such Schedule identifies each Subsidiary that is an Unrestricted Subsidiary, Foreign Subsidiary, an Immaterial Subsidiary or a Special Subsidiary as of the Closing Date.
In this era where education is happening at home and parents become an important role in instruction, the participation rate of parents and guardians in claiming and returning SLM's is indeed a driving factor that will influence the submission rate of students.
Appropriate Percentage shall mean, with respect to each Special Subsidiary, the percentage of the equity of such Person owned by the Borrower or any Subsidiary of the Borrower.
Without limiting the foregoing, the Company shall not permit the Special Subsidiary to make any Investment (other than Temporary Cash Investments and investments in Mirror Indebtedness of Restricted Subsidiaries), make any Restricted Payment, Incur any Indebtedness, or issue any Equity Interest or Capital Stock except to the Company.
The Company shall not sell any Equity Interest or Capital Stock of the Special Subsidiary or designate the Special Subsidiary an Unrestricted Subsidiary.