Subsidiary Redesignation definition

Subsidiary Redesignation shall have the meaning provided in the definition of “Unrestricted Subsidiary” contained in this Section 1.01.

Subsidiary Redesignation has the meaning assigned to such term in the definition of “Unrestricted Subsidiary.”

Subsidiary Redesignation as defined in Section 7.13

Examples of Subsidiary Redesignation in a sentence

• The Borrower may designate any Unrestricted Subsidiary to be a Subsidiary for purposes of this Agreement (each, a “Subsidiary Redesignation”); provided that no Default or Event of Default then exists or would occur as a consequence of any such Subsidiary Redesignation.

• The City should have an active performance management system in place that enables Elected Members and management employees to be openly accountable for their performance.The City should establish internal structures that provide for independent review of processes and decision-making to assist the Council it meeting its accountability to stakeholders.

• Redesignation—FSA‌An FSA that proposes to redesignate a service corporation as an operating subsidiary, or an operating subsidiary as a service corporation, must submit a notification to the OCC at least 30 days before the redesignation date.11 The FSA should file the Subsidiary Redesignation Notice form.

• This has garnered positive feedback, so the mailing list will continue to be extended.

• Pro forma calculations made pursuant to the definition of the term “Pro Forma Basis” shall be determined in good faith by a Responsible Officer of the Lead Borrower and, for any fiscal period ending on or prior to the first anniversary of any such asset acquisition, asset disposition, discontinued operation or operational change, Subsidiary Redesignation or Unrestricted Subsidiary Designation, may include adjustments consistent with the definition of “EBITDA”.

More Definitions of Subsidiary Redesignation

Subsidiary Redesignation shall have the meaning assigned to such term in Section 5.15.

Subsidiary Redesignation has the meaning specified in Section 6.14.

Subsidiary Redesignation has the meaning assigned thereto in Section 7.15.

Subsidiary Redesignation has the meaning set forth in Section 8.16(a).

Subsidiary Redesignation as defined in Section 6.9.

Subsidiary Redesignation has the meaning set forth in Section 5.22 of this Agreement.

Subsidiary Redesignation as defined in Section 7.14. “Survey”: a survey of any Mortgaged Property (and all improvements thereon) which is (a) (i) prepared by a surveyor or engineer licensed to perform surveys in the jurisdiction where such Mortgaged Property is located, (ii) dated (or redated) not earlier than six (6) months prior to the date of delivery thereof, unless there shall have occurred within six (6) months prior to such date of delivery any exterior construction on the site of such Mortgaged Property or any easement, right of way or other interest in the Mortgaged Property has been granted or become effective through operation of law or otherwise with respect to such Mortgaged Property which, in either case, can be depicted on a survey, in which events, as applicable, such survey shall be dated (or redated) after the completion of such construction or if such construction shall not have been completed as of such date of delivery, not earlier than twenty (20) days prior to such date of delivery, or after the grant or effectiveness of any such easement, right of way or other interest in the Mortgaged Property; provided, that the Borrower shall have a reasonable amount of time to deliver such redated survey, (iii) certified by the surveyor (in a manner reasonably acceptable to the Administrative Agent) to the Administrative Agent, the Collateral Agent and the Title Company, (iv) complying in all respects with the minimum detail requirements of the American Land Title Association as such requirements are in effect on the date of preparation of such survey and (v) sufficient for the Title Company to remove all standard survey exceptions from the title insurance policy (or commitment) relating to such Mortgaged Property and issue customary endorsements or (b) otherwise reasonably acceptable to the Collateral Agent. “Swingline Commitment”: a portion of the Revolving Facility not in excess of $10,000,000. “Swingline Facility”: the swingline facility established pursuant to Section 3.3. “Swingline Lender”: Xxxxx Fargo in its capacity as swingline lender hereunder or any successor thereto. “Swingline Loan”: any swingline loan made by the Swingline Lender to the Borrower pursuant to Section 3.3, and all such swingline loans collectively as the context requires. “Swingline Note”: a promissory note made by the Borrower in favor of the Swingline Lender evidencing the Swingline Loans made by the Swingline Lender, substantially in the form attached as Exhibit G, and any substitutes the...