Examples of Material Subsidiary in a sentence
There exist no options, warrants, purchase rights, or other contracts or commitments that could require the Corporation to sell, transfer or otherwise dispose of any shares or equity interest of any Material Subsidiary or Investment Entity.
Other than the Material Subsidiaries, neither the Corporation nor any Material Subsidiary has, directly or indirectly, any interest (whether equity, debt or otherwise) in any entity other than: (i) immaterial subsidiaries of the Corporation as of June 6, 2024, which are set out in Exhibit E and which are directly or indirectly owned by the Corporation in the percentages set out therein (the “Immaterial Subsidiaries”); (ii) the Related Entity; and (iii) the Investment Entities.
The Borrower will cause any subsequently acquired or organized Material Subsidiary (or any Subsidiary that becomes a Material Subsidiary) to become a Loan Party by executing the Guarantee and Collateral Agreement and each applicable Security Document in favor of the Collateral Agent.