Borrower Subsidiary definition

Borrower Subsidiary means a Subsidiary of the Borrower or of any of its direct or indirect Subsidiaries.

Borrower Subsidiary means each Subsidiary of Borrower, each of which shall be a Delaware limited liability company (unless otherwise consented to by Lender) and shall be wholly owned by Borrower.

Borrower Subsidiary means any direct or indirect Subsidiary of the Borrower (including, without limitation, any Holdco Subsidiary), each of which shall be reasonably satisfactory to the Administrative Agent, including, without limitation, any Aircraft Owning Entity, any Owner Participant and any Applicable Intermediary.

Examples of Borrower Subsidiary in a sentence

• No Borrower, Subsidiary, or any director, officer, employee, agent, affiliate or representative thereof, is or is owned or controlled by any individual or entity that is currently the subject or target of any Sanction or is located, organized or resident in a Designated Jurisdiction.

• No Borrower, Subsidiary or Guarantor is engaged principally or as one of its activities in the business of extending credit for the purpose of purchasing or carrying any margin stock (as each such term is defined or used in Regulation U of the Board of Governors of the Federal Reserve System).

• No Borrower, Subsidiary or Guarantor presently anticipates that future expenditures needed to meet the provisions of any statutes, orders, rules or regulations of a Governmental Authority will be so burdensome as to have a Material Adverse Effect.

• On the other hand, the CSHIPP project focused on stabilizing transport to enhance clean shipping.

• No Borrower, Subsidiary or Guarantor knows of any pending, threatened or contemplated strikes, work stoppage or other collective labor disputes involving its employees or those of any Subsidiary.

More Definitions of Borrower Subsidiary

Borrower Subsidiary. Shall have the meaning set forth in the Recitals.

Borrower Subsidiary means any Subsidiary of any Borrower.

Borrower Subsidiary means a Subsidiary of the Borrower that is not a TEP Subsidiary or a UES Subsidiary.

Borrower Subsidiary has the meaning specified in the recital of parties to this Agreement.

Borrower Subsidiary as defined in the recitals of this Pledge Agreement.

Borrower Subsidiary means any wholly-owned Subsidiary of the Borrower formed for the purpose of holding Loan Assets and pledging them to the Collateral Agent as security for the Obligations and included as a “Borrower Subsidiary” herein in accordance with Section 3.05.

Borrower Subsidiary means any Subsidiary of the Borrower. As of the Closing Date, the Borrower Subsidiaries consist of KWC, KWTC, MPC, KLC, KRC, KBHL, KBL and KAC.