Principal Subsidiaries. Permit the combined EBITDAX of the Borrower and the Principal Subsidiaries to be less than 80% of the consolidated EBITDAX of the Borrower and its Subsidiaries as shown on the most recent consolidated income statement required to be delivered to the Banks pursuant to Section 5.01(b).
Principal Subsidiaries. Set forth on Schedule II are all of the Principal Subsidiaries as of the date hereof.
Principal Subsidiaries. 52 ARTICLE 11 MISCELLANEOUS 52
Principal Subsidiaries. The Agent is hereby authorized to release ---------------------- any Principal Subsidiary from the Subsidiary Guaranty (Capital Markets Bridge Facility) in connection with any disposition or merger of such Principal Subsidiary permitted hereunder.
Principal Subsidiaries. The Company shall supply to the Agent with each set of financial statements delivered by it pursuant to paragraph (a)(ii) or (a)(v) of Clause 20.1 (Financial statements) or, within 14 days after any request made by the Agent (acting reasonably), a certificate signed on its behalf by a director of the Company:
Principal Subsidiaries. 34 6.16 Year 2000..........................................................................34
Principal Subsidiaries. With each set of accounts delivered by it under Clause 20.2 (Audited Accounts) (and within 14 days after any written request made by the Agent from time to time), the Company will deliver to the Agent:
Principal Subsidiaries. Schedule II to the Credit Agreement is hereby replaced in its entirety by the Schedule II attached hereto.
Principal Subsidiaries. (a) Fail to own, directly or indirectly, all of the outstanding shares of common stock of each of the Principal Subsidiaries or (b) create, incur, assume or suffer to exist any Lien upon any shares of common stock of any Principal Subsidiary owned by the Company or any of its Subsidiaries except Liens of the nature referred to in clauses (a), (f), (j) and (k) of subsection 7.2.
Principal Subsidiaries. The Company shall promptly inform the Agent of the identity of each member of the Principal Subsidiary Group in each certificate which the Company delivers under Clause 21.2(a)(iii) (Financial information). That certificate shall set out in reasonable detail computations establishing that the aggregate EBITDA and Net Assets of the Principal Subsidiary Group equals or exceeds 75 per cent. of Consolidated EBITDA and Net Assets of the Group respectively.
