Common use of Indebtedness of a Subsidiary Clause in Contracts

Indebtedness of a Subsidiary. of Borrower acquired after the Closing Date and Indebtedness of a Person merged or consolidated with or into Borrower or a Subsidiary of Borrower after the Closing Date, which Indebtedness in each case exists at the time of such acquisition, merger or consolidation and was not created or incurred in contemplation of such acquisition, merger or consolidation and where such acquisition, merger or consolidation is not prohibited under this Agreement; and

Appears in 1 contract

Sources: Credit Agreement (Cherokee International Finance Inc)

Indebtedness of a Subsidiary. of Borrower acquired after the Closing Restatement Effective Date and Indebtedness of a Person merged or consolidated with or into Borrower or a Subsidiary of Borrower after the Closing Restatement Effective Date, which Indebtedness in each case exists at the time of such acquisition, merger or consolidation and was not created or incurred in contemplation of such acquisition, merger or consolidation and where such acquisition, merger or consolidation is not prohibited under this Agreement; and;

Appears in 1 contract

Sources: Credit Agreement (Cherokee International Corp)