Examples of Wholly Owned Subsidiaries in a sentence
Acquire, form, incorporate or organize any Subsidiary or permit to exist any Subsidiary (i) having any Capital Stock that is not wholly owned by Borrower directly or through other Wholly Owned Subsidiaries or (ii) that is not a Guarantor or Unrestricted Subsidiary.
Member further represents and warrants that the entities listed on Exhibit A are current Wholly Owned Subsidiaries of Member and if the status of any such entity changes such that it no longer meets the definition of a Wholly Owned Subsidiary, or the Member desires to otherwise update such list, Member will promptly provide the SD Association with a new signed and dated Exhibit A that reflects such updates.
Wholly Owned Subsidiaries of Executive Members and/or General Members may be afforded the benefits of a General Member as set forth in Section 2.4 (ii) without the additional payment of dues, assessments and fees.
The Company or any of its domestically organized Wholly Owned Subsidiaries may act as Paying Agent or Registrar.
Notwithstanding anything to the contrary herein or in any other Loan Document, the Borrower and each of its Wholly- Owned Subsidiaries shall be deemed to be Wholly-Owned Subsidiaries of the Parent.1.03 Accounting Terms.