Common use of Designation and Conversion of Restricted and Unrestricted Subsidiaries Clause in Contracts

Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary after the Closing Date in compliance with Section 6.26(b) below, any Person that becomes a Subsidiary of a Credit Party shall be classified as a Restricted Subsidiary of the Borrower.

Appears in 2 contracts

Samples: Credit Agreement (Berry Petroleum Corp), Credit Agreement (Berry Petroleum Corp)

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Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary after on Schedule 7.15 as of the Closing Date in date hereof or thereafter, assuming compliance with Section 6.26(b) below9.20(b), any Person that becomes a Subsidiary of a Credit Loan Party shall be classified as a Restricted Subsidiary of the BorrowerSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Resolute Energy Corp)

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Designation and Conversion of Restricted and Unrestricted Subsidiaries. (a) Unless designated as an Unrestricted Subsidiary after on Schedule 7.14 as of the Closing Date in date hereof or thereafter, assuming compliance with Section 6.26(b) below9.20(b), any Person that becomes a Subsidiary of a Credit Loan Party shall be classified as a Restricted Subsidiary of the BorrowerSubsidiary.

Appears in 1 contract

Samples: Credit Agreement (Resolute Energy Corp)

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