Example ContractsClausesCovenants Section– Material Domestic Subsidiaries.
Covenants Section– Material Domestic Subsidiaries.
Covenants Section– Material Domestic Subsidiaries. contract clause examples
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Capital Stock of Material Domestic Subsidiaries. Pledge all of the issued and outstanding Capital Stock owned by it of each Loan Party’s Material Domestic Subsidiaries (other than an Excluded Subsidiary) promptly, but in any event within forty-five (45) days of the formation or acquisition thereof (or such longer period of time as is agreed by the Administrative Agent in its sole discretion), in each case pursuant to a Pledge Agreement or Collateral Joinder Agreement reasonably acceptable to the Adminis trative Agent, together with such filings and deliveries necessary or appropriate to perfect the security interests therein, and opinions of counsel relating thereto, all in form, scope and substance reasonably satisfactory to the Administrative Agent.

Section # Subsidiaries. As of the Effective Date, the Credit Parties have no Subsidiaries other than those listed on [Schedule 4.11]. Each Material Domestic Subsidiary of the Borrower (including any such Material Domestic Subsidiary formed or acquired subsequent to the Effective Date) has complied with the requirements of Section 5.6.

Material Subsidiaries. As of the Closing Date, [Schedule 5.19], or as of the date the most recent supplement to [Schedule 5.19] is delivered by the Company pursuant to Section 6.13, sets forth the Material Subsidiaries of the Company.

[Section 20] Subsidiaries. Borrowers do not intend to use and shall not use any portion of the proceeds of the Advances, directly or indirectly, to purchase during the underwriting period, or for thirty (30) days thereafter, Ineligible Securities being underwritten by a [Section 20] Subsidiary.

Domestic Subsidiaries included in Line G are Material Domestic Subsidiaries. Material Domestic Subsidiaries and Domestic Subsidiaries holding Equity Interests in Material Subsidiaries (Line H) are required to be Affiliate Domestic Guarantors.

Material Domestic Real Property. Grant a mortgage lien on and security interest in # all of each Loan Party’s Material Domestic Real Property on [Schedule 6.20(a)(ii)] as provided in [Section 7.15(a)] and, # with respect to any additional Material Domestic Real Property acquired after the Closing Date, such additional Material Domestic Real Property from time to time on request of the Administrative Agent as provided in this [Section 7.14(d)]. With respect to any Material Domestic Real Property acquired after the Closing Date, the Loan Parties will deliver to the Collateral Agent promptly, but in any event within 120 days of the request of the Administrative Agent (which shall not be made prior to the date of acquisition of such Material Domestic Real Property), with extensions as deemed necessary by the Collateral Agent, mortgage instruments on such Material Domestic Real Property in form and substance reasonably satisfactory to the Collateral Agent, executed and notarized in multiple counterparts, filed in appropriate jurisdictions to provide a first priority lien on the subject property, together with such local counsel opinions, surveys, title insurance policies (or a marked, signed commitment to issue, or a signed pro-forma version thereof), flood hazard certifications, evidence of property and casualty insurance coverage and other items as the Collateral Agent may reasonably require in connection therewith. Existing surveys will be accepted and updated surveys will not be required unless the title insurance company issu ing the applicable title insurance policy is unwilling to accept a customary survey affidavit of no change with respect to such survey. Unless required by Law, Collateral Agent shall not require appraisals of any such Material Domestic Real Property and the purchase price thereof shall be satisfactory evidence of the value thereof for purposes of determining title insurance policy amounts, amounts secured under mortgages in jurisdictions that impose a mortgage recording tax, initial net book value and any other applicable requirements hereunder.

Guaranty of Domestic Subsidiaries. Within thirty (30) Business Days (or such longer period as the Administrative Agent may agree in its sole discretion) following the formation or acquisition of any Domestic Subsidiary or any Domestic Subsidiary ceasing to be an Excluded Subsidiary, cause such Domestic Subsidiary (present and future, including, without limitation, upon the formation of any Subsidiary that is a Delaware Divided LLC) to execute and deliver to the Administrative Agent the Guaranty (accompanied by customary closing certificates and legal opinions and all other documents (including resolutions of the board of directors of the Loan Parties) the Administrative Agent may reasonably request), provided, however, that the provisions of this [Section 6.13] shall not apply to any Excluded Subsidiary.

"Material Domestic Subsidiary" means each wholly-owned Domestic Subsidiary of the Borrower (other than an Excluded Subsidiary) that individually generates greater than or equal to 5% of the total revenue of the Borrower and its Domestic Subsidiaries for the most recently ended Measurement Period; provided that if the aggregate revenue of the Borrower and all Material Domestic Subsidiaries represents less than 95% of the total revenue of the Borrower and its Domestic Subsidiaries for the most recently ended Measurement Period, then in such case the Borrower shall identify additional wholly-owned Domestic Subsidiaries to constitute Material Domestic Subsidiaries such that the foregoing 95% test is satisfied (or, if the 95% test is not satisfied with all wholly-owned Domestic Subsidiaries other than Excluded Subsidiaries, then all wholly-owned Domestic Subsidiaries other than Excluded Subsidiaries of the Borrower shall constitute "Material Domestic Subsidiaries").

Domestic. Cargo aircraft selected for allocation to this section, are medium-range aircraft, capable of flying a minimum distance of 1,500 nautical miles non-stop, while carrying a minimum payload of 32,000 pounds. Passenger aircraft allocated to this section are medium-range aircraft, capable of flying a minimum distance of 1,500 nautical miles non-stop, while carrying a minimum of 75 passengers (each passenger planning weight is 400 pounds, equivalent to a 30,000 pound payload).

Other Domestic Subsidiaries. In addition, causeCause each Domestic Subsidiary that gives a Guarantee in respect of any Public Notes to become a Guarantor hereunder promptly, but within thirty (30) days of the Subsidiary giving such a Guarantee, by execution and delivery of a Guaranty Joinder Agreement or such other documents as the Administrative Agent may deem appropriate for such purpose, together with certified copies of resolutions and Organization Documents and favorable opinions of counsel (including, among other things, due authorization, execution, delivery, and enforceability of the Guaranty Joinder Agreement and related documents), all in form, scope and substance reasonably satisfactory to the Administrative Agent.

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