Subsidiary Obligor definition

Subsidiary Obligor means a Subsidiary that (i) Guarantees, or otherwise becomes obligated in respect of, any Indebtedness of the Borrower or any other Subsidiary of the Borrower or (ii) owns a Real Estate Asset included as an Eligible Unencumbered Property for inclusion (or other asset the value of which is included) in the Unencumbered Asset Value or Adjusted Net Operating Income or that owns, directly or indirectly, Equity Interests in any such Subsidiary (including any California Partnership (or a California Partnership Subsidiary)) and that has incurred Recourse Indebtedness. For the avoidance of doubt, the term “Indebtedness” as used in this definition shall not include any customary account obligations of a Subsidiary in connection with opening and maintaining a deposit account in the ordinary course of business.

Subsidiary Obligor means a Subsidiary that has guarantied or otherwise become obligated in respect of the Notes in accordance with the terms of Section 10.1(c).

Subsidiary Obligor means any Subsidiary (excluding a Subsidiary Holdco) that Owns the Equity Interest in any other Subsidiary.

Examples of Subsidiary Obligor in a sentence

• Additional Subsidiary Obligors may accede to the APMSA by entering into an accession letter (substantially in form set out in the APMSA) with the Platform Provider and the Obligors’ Parent, and an existing Subsidiary Obligor may cease to be a “Buyer Entity” for the purposes of the APMSA if the Platform Provider or Obligors’ Parent provides written notice to such effect and subject to the terms of the Agency and Account Bank Agreement.

• Additional Subsidiary Obligors may accede to the APMSA by entering into an accession letter (substantially in form set out in the APMSA) with the Platform Provider and the Obligors’ Parent, and an existing Subsidiary Obligor may cease to be a “Buyer Entity” for the purposes of the APMSA if the Platform Provider or Obligors’ Parent provides written notice to such effect.

• This Joinder Agreement shall become effective on the date on which all of the conditions set forth in Section 10.7(a) with respect to such Additional Subsidiary Obligor are satisfied, -provided that, unless the Required Holders shall have otherwise informed the Company, the effective date of this Joinder Agreement shall be the date first stated above.

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More Definitions of Subsidiary Obligor

Subsidiary Obligor means any Subsidiary (excluding a Subsidiary Holdco) that owns the Equity Interest in any other Subsidiary. UCC FINANCING STATEMENT FOLLOW INSTRUCTIONS (front and back) CAREFULLY A. NAME & PHONE OF CONTACT AT FILER [optional]

Subsidiary Obligor a Canadian Subsidiary Obligor, a UK Subsidiary Obligor, a U.S. Subsidiary Obligor and/or any other Obligor that is a Subsidiary, as the context requires.

Subsidiary Obligor means any Subsidiary (excluding a Subsidiary Holdco) that owns the Equity Interest in any other Subsidiary. EXHIBIT D-1B FORM OF OPINION OF IN-HOUSE COUNSEL TO THE OBLIGORS April 12, 2012 To the addressees listed on Schedule I attached hereto Ladies and Gentlemen: This opinion is being delivered to you by the undersigned as Corporate Counsel of International Lease Finance Corporation, a California corporation (“ILFC”), in connection with that certain Term Loan Credit Agreement, dated as of the date hereof (the “Credit Agreement”), among Delos Aircraft Inc., a California corporation (the “Borrower”), ILFC, Hyperion Aircraft Inc., a California corporation (the “Parent Holdco”), Apollo Aircraft Inc., a California corporation (the “CA Subsidiary Holdco”), Artemis (Delos) Limited, a private limited liability company incorporated under the laws of Ireland (the “Irish Subsidiary Holdco”), the lenders from time to time party to the Credit Agreement (collectively, the “Lenders”), Bank of America N.A. (“Bank of America”), as administrative agent (in such capacity, the “Administrative Agent”) and Bank of America, as collateral agent (in such capacity, the “Collateral Agent”). This opinion is being furnished pursuant to Sections 4.01(e) and 4.02(d) of the Credit Agreement. Capitalized terms used and not otherwise defined herein shall have the respective meanings set forth in the Credit Agreement. In rendering the opinions set forth herein, I, or one or more attorneys under my supervision, have examined and relied on originals or copies of the following:

Subsidiary Obligor means: (i) each of the existing Subsidiaries of the Company other than Quantum Geophysical, Inc.; and (ii) any Subsidiary hereafter formed or acquired by the Company, either directly or through one or more other Subsidiaries.

Subsidiary Obligor means each Subsidiary of Borrower (other than the Designated Subsidiary and any Excluded Foreign Subsidiary) which is wholly-owned, directly or indirectly, by Borrower and which shall, concurrently with its acquisition, formation, incorporation or organization become an Obligor.

Subsidiary Obligor means a Subsidiary other than an Excluded Subsidiary that (i) Guarantees, or otherwise becomes obligated in respect of, any Indebtedness of the Borrower or any other Subsidiary of the Borrower (except in connection with Guarantees of customary exceptions for fraud, misapplication of funds, environmental indemnities, voluntary bankruptcy, collusive involuntary bankruptcy and other customary nonrecourse exceptions), or (ii) owns a Real Estate Asset and has incurred recourse Indebtedness.

Subsidiary Obligor means each Subsidiary of the Operating Partnership to whom the Operating Partnership distributes all or any portion of the proceeds of the Loan, whether one or more, and if more than one, each one individually or all collectively, who may now or hereafter become party to this Agreement; provided, that Borrowers shall make no distributions of any proceeds of the Loan to any Person other than a Subsidiary Obligor without the consent of Administrative Agent.