Examples of Included Subsidiaries in a sentence
The Borrower shall not, and shall not permit any of its Included Subsidiaries to, make any Asset Disposition, unless the Revolving Credit Loans are reduced to the extent required pursuant to subsection 2.7 and the Borrower makes the mandatory prepayment, if any, required in connection therewith pursuant to subsection 2.7.
In the event Seller timely notifies Purchaser, the Company or the Included Subsidiaries of its desire to obtain information, books, or records specified in a written notice, Purchaser, the Company or the Included Subsidiaries shall deliver to Seller such information, books, or records at the reasonable expense of Seller within sixty (60) days of the receipt of such written notice.
As of the Effective Date, the Borrower and the Parent Guarantor have disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its respective Included Subsidiaries are subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.
Neither the Parent Guarantor nor any of its Included Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock.
The Parent Guarantor will not, nor will it permit any of its Included Subsidiaries to, acquire any business or property from, or capital stock of, or be a party to any acquisition of, any Person except for purchases of inventory and other property to be sold or used in the ordinary course of business, Investments permitted under Section 7.05 and Capital Expenditures permitted under Section 7.09(c).