SPV Subsidiaries definition
Examples of SPV Subsidiaries in a sentence
To the knowledge of the Parent and the Borrower, the Parent, the Restricted Subsidiaries, the SPV Subsidiaries and the Unrestricted Subsidiaries and its and their Affiliates have conducted their business in material compliance with the FCPA.
Notwithstanding anything to the contrary herein or in any other Loan Documents, the SPV Subsidiaries shall not be required to guarantee the Indebtedness pursuant to this Agreement or any other Loan Document and shall not be required to become Guarantors hereunder.
On the second (2nd) Business Day after each Payment Date (as defined in the ABS Indenture (as defined in the Eleventh Amendment)), the Borrower shall cause the SPV Subsidiaries and the ABS Note Subsidiaries to transfer into a deposit account of a Credit Party that is subject to a deposit account control agreement in favor of the Administrative Agent, for the benefit of the Secured Parties, all Unpledged Remittances (as defined in the ABS Documentation (as defined in the Eleventh Amendment)).
The Borrower shall, and shall cause its Subsidiaries (other than SPV Subsidiaries) to, comply at all times with its Investment Policies in all material respects.
The Borrower will not, nor will it permit any of its Subsidiaries (other than Immaterial Subsidiaries or SPV Subsidiaries) to, engage to any material extent in any business other than in accordance with its Investment Policies.
The amended and restated New Revolving Credit Facility will be guaranteed by Bondholder Intermediate Holdco and by Bondholder Opco’s Subsidiaries who are required to provide security as described in the preceding bullet (other than any SPV Subsidiaries).
All of the direct and indirect subsidiaries of Bondholder Intermediate Holdco (other than the SPV Subsidiaries) shall continue to guarantee the Assumed New Revolving Credit Facility Claims, and their guarantee obligations shall continue to be secured by first-priority liens on all or substantially all of their assets.