Subsidiary Restructuring definition
Examples of Subsidiary Restructuring in a sentence
In addition, SBC agrees that prior to the Closing it shall cause to occur the transactions specified on Schedule 4.22(a) of the SBC Disclosure Letter or shall cause to occur similar transactions such that the SBC Companies own all of the Business of SBC which shall be contributed to Newco in accordance with the terms of this Agreement (the "SBC Subsidiary Restructuring").
The BellSouth Companies shall not have any liabilities as a result of the BellSouth Subsidiary Restructuring that are not taken into account in the Calculation.
Each of Parent, the Company and Opco shall take all actions set forth on Section 6.21 of the Company Disclosure Letter to effectuate the Subsidiary Restructuring and the Pre-Closing Restructuring.
Borrower, the Subsidiary Guarantors and the Lenders signatory hereto agree to amend the definition of Consolidated Net Income and to waive certain provisions identified below under the Credit Agreement in order to permit the Luxemburg Restructuring (as defined below) and the Foreign Subsidiary Restructuring (as defined below), subject to the terms and conditions of this Amendment.
The SBC Companies shall not have any liabilities as a result of the SBC Subsidiary Restructuring that are not taken into account in the Calculation.
In addition, BellSouth agrees that prior to the Closing it shall cause to occur the transactions specified on Schedule 4.22(b) of the BellSouth Disclosure Letter or shall cause to occur similar transactions such that the BellSouth Companies own all of the Business of BellSouth which shall be contributed to Newco in accordance with the terms of this Agreement (the "BellSouth Subsidiary Restructuring").
Restricted Payment; Restricted Subsidiary; Restructuring Credit Facility; Revolving Credit Facility; Sale/Leaseback Transaction; Secured Indebtedness; Significant Subsidiary; Strategic Assets; Subordinated Obligation; Term Loan Facility; Total Assets; Unrestricted Subsidiary; and Vendor.
Except as contemplated by the Foreign Subsidiary Restructuring, merge or consolidate with, or sell, assign, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now or hereafter acquired) to, any Person, acquire all of the stock or all or substantially all of the assets or the business of any Person (except pursuant to a Permitted Acquisition) or liquidate, wind up or dissolve or suffer any liquidation or dissolution.