Common use of Creation of Subsidiaries Clause in Contracts

Creation of Subsidiaries. Not, and not permit any other Loan Party or Domestic Subsidiary to, create any Subsidiary or enter into any joint venture, other than so long as no Event of Default or Unmatured Event of Default then exist or would result therefrom, Subsidiaries in respect of which the provisions of Sections 10.10 shall have been satisfied.

Appears in 2 contracts

Sources: Credit Agreement (Russ Berrie & Co Inc), Credit Agreement (Russ Berrie & Co Inc)

Creation of Subsidiaries. Not, and not permit any other Loan Party or Domestic Subsidiary to, Not create any Subsidiary or enter into any joint venture, other than so long as no Event of Default or Unmatured Event of Default then exist or would result therefrom, Subsidiaries in respect of which the provisions of Sections Section 10.10 shall have been satisfied.

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)

Creation of Subsidiaries. Not, and not permit any other Loan Party or Domestic Subsidiary to, create any Subsidiary or enter into any joint venture, other than so long as no Event of Default or Unmatured Event of Default then exist or would result therefrom, (i) Subsidiaries in respect of which the provisions of Sections 10.10 shall have been satisfiedsatisfied or (ii) which are Second-Tier Foreign Subsidiaries.

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)

Creation of Subsidiaries. Not, and not permit any other Loan Party or Domestic Subsidiary to, create any Subsidiary or enter into any joint ventureventure other than, other than so long as no Event of Default or Unmatured Event of Default then exist exists or would result therefrom, Subsidiaries in respect of which the provisions of Sections Section 10.10 shall have been satisfied.

Appears in 1 contract

Sources: Credit Agreement (Russ Berrie & Co Inc)