Covered Subsidiary definition

Covered Subsidiary means at any time any Subsidiary of the Borrower that has consolidated assets in an amount greater than $5,000,000.

Covered Subsidiary means a subsidiary that is:

Covered Subsidiary means any Subsidiary of the Company that is or becomes a guarantor of indebtedness for borrowed money represented by notes, bonds, debentures or other evidences of indebtedness of the Company that is secured by a first lien on substantially all of the Company’s assets.

Examples of Covered Subsidiary in a sentence

• The Borrower hereby agrees that (A) it will not request, and will not permit any Covered Subsidiary to request, any withdrawals from the accounts described in this Section 5.16 not permitted hereunder and under the terms of the Security Agreement and (B) JPMorgan Chase Bank, N.A. shall not be required to release any amounts requested in violation of the terms hereof or of the Security Agreement and shall not be liable to the Borrower or any Affiliate thereof for such failure to release any such funds.

• Schedule 4.4(c) sets forth the Indebtedness for borrowed money of each Covered Subsidiary existing on the Closing Date.

• A Covered Subsidiary of the Grantee is an entity controlled by the Grantee and whose items of income or deduction, if any, are reflected in the tax returns of the Grantee, including any entity that is disregarded from the Grantee for Federal income tax purposes.

• No financing statement or other public notice with respect to all or any part of the Collateral or the other Covered Assets or in respect of any Covered Subsidiary is on file or of record in any public office, except in respect of Liens permitted under the Credit Agreement.

• No Covered Subsidiary has incurred any Indebtedness or guaranteed any Indebtedness other than Indebtedness permitted by Section 5.14.

More Definitions of Covered Subsidiary

Covered Subsidiary means a corporation or other legal entity now or hereafter controlled or owned, directly or indirectly, by Xxxx Foods or WhiteWave, as applicable, that satisfies the definition of “Subsidiary” under a Xxxx Foods insurance policy.

Covered Subsidiary means any subsidiary listed in attached Schedule A, as such schedule may be revised from time to time, as a participating Employer in the Plan.

Covered Subsidiary means at any time a Subsidiary of the Borrower other than an Excluded Subsidiary.

Covered Subsidiary means a corporation or other legal entity controlled or owned, directly or indirectly, by Motorola or Freescale, as applicable, that satisfies the definition of “Subsidiary” under a Motorola insurance policy.

Covered Subsidiary means each corporation, limited partnership, limited liability company and other entity listed under Item A of Schedule C, other than those entities designated on Schedule C as an "Excluded Subsidiary."

Covered Subsidiary means a corporation or other legal entity controlled or owned, directly or indirectly, by Sunoco or SunCoke, as applicable, that is covered under a Sunoco insurance policy.

Covered Subsidiary means a corporation or other legal entity controlled or owned, directly or indirectly, by Manitowoc ParentCo or SpinCo, as applicable, that satisfies the definition of “Subsidiary” under a Manitowoc ParentCo insurance policy.