Common use of Consolidation of Financial Information Clause in Contracts

Consolidation of Financial Information. To the extent that a transaction allowed pursuant to Section 7.08 or 7.09 hereof results in the formation and continued existence of a Subsidiary of any Borrower, (a) the consolidated financial statements required by Section 6.01 hereof shall include such Subsidiary, and (b) the financial covenants set forth in Section 7.01 shall be measured on a consolidated basis including such Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (C Cor Net Corp)

Consolidation of Financial Information. To the extent that -------------------------------------- a transaction allowed pursuant to Section 7.08 or 7.09 hereof results in the formation and continued existence of a Subsidiary of any Borrower, (a) the consolidated financial statements required by Section 6.01 hereof shall include such Subsidiary, and (b) the financial covenants set forth in Section 7.01 shall be measured on a consolidated basis including such Subsidiary.

Appears in 1 contract

Sources: Credit Agreement (C Cor Net Corp)