Common use of Financial Attributes of Non-Wholly Owned Subsidiaries Clause in Contracts

Financial Attributes of Non-Wholly Owned Subsidiaries. When determining compliance by the Borrower or the Parent with any financial covenant contained in any of the Loan Documents, only the pro rata share of the Borrower or the Parent, as applicable, of the revenues, expenses, assets, liabilities and other financial statement items of a Subsidiary that is not a Wholly Owned Subsidiary shall be included; provided, however, for purposes of determining the Parent’s compliance with any such financial covenant the Borrower shall be considered to be a Wholly Owned Subsidiary of the Parent.

Financial Attributes of Non-Wholly Owned Subsidiaries. When Except as otherwise expressly provided herein, when determining compliance by the Borrower Parent or the Parent Borrower with any financial covenant contained in any of the Loan Documents, Documents (a) only the pro rata share Ownership Share of the Borrower Parent or the ParentBorrower, as applicable, of the revenues, expenses, assets, liabilities and other financial statement items attributes of a Subsidiary that is not a Wholly Owned Subsidiary shall be included; provided, however, for purposes of determining included and (b) the Parent’s compliance with any such financial covenant Ownership Share of the Borrower shall be considered deemed to be a Wholly Owned Subsidiary of the Parent100.0%.