Common use of Limitation on Creation of Subsidiaries Clause in Contracts

Limitation on Creation of Subsidiaries. The Company shall not create or acquire, and shall not permit any Restricted Subsidiary to create or acquire, any Subsidiary other than (i) a Restricted Subsidiary existing as of the Issue Date; (ii) a Restricted Subsidiary that is acquired or created after the Issue Date; provided, however, that each Restricted Subsidiary (other than a Foreign Restricted Subsidiary or a Securitization Entity) shall execute a Guarantee, satisfactory in form and substance to the Trustee (and with such documentation relating thereto as the Trustee may reasonably require, including a supplement or amendment to this Indenture, pursuant to which such Restricted Subsidiary shall become a Guarantor; or (iii) an Unrestricted Subsidiary.

Limitation on Creation of Subsidiaries. The Company shall not create or acquire, and shall not permit any of its Restricted Subsidiary Subsidiaries to create or acquire, any Subsidiary other than (i1) a Restricted Subsidiary existing as of the Issue Date; (ii2) a Restricted Subsidiary that is acquired or created after the Issue Date; provided, however, that each such Restricted Subsidiary (other than a Foreign Restricted Subsidiary Subsidiary), at the time it has either assets or a Securitization Entity) shall shareholders’ equity in excess of $1,000,000, must execute a Guarantee, satisfactory in form and substance to the Trustee (and with such documentation relating thereto as the Trustee may reasonably require, including including, without limitation, a supplement or amendment to this IndentureIndenture and opinions of counsel as to the enforceability of such Guarantee), pursuant to which such Restricted Subsidiary shall become a Guarantor; or (iii3) an Unrestricted Subsidiary.

Limitation on Creation of Subsidiaries. The Company shall will not create or acquire, and shall will not permit any of its Restricted Subsidiary Subsidiaries to create or acquire, any Subsidiary other than (i1) a Restricted Subsidiary existing as of the Issue Date;, (ii2) a Restricted Subsidiary that is acquired or created after the Issue Date; , provided, however, that each Restricted Subsidiary (other than a -------- ------- any Foreign Restricted Subsidiary or a Securitization EntityFinance Corp.) acquired or created pursuant to this clause (2) shall execute have executed a Guarantee, satisfactory in form and substance to the Trustee (and with such documentation relating thereto as the Trustee may reasonably shall require, including including, without limitation a supplement or amendment to this IndentureIndenture and Opinions of Counsel as to the enforceability of such Guarantee), pursuant to which such Restricted Subsidiary shall will become a Guarantor; , or (iii3) an Unrestricted Subsidiary.

Limitation on Creation of Subsidiaries. The Company shall will not create or acquire, and shall will not permit any of its Restricted Subsidiary Subsidiaries to create or acquire, any Subsidiary other than: (i1) a Restricted Subsidiary existing as of the Issue Date;, or (ii2) a Restricted Subsidiary that is acquired or created after the Issue Date; , provided, however, that each Restricted Subsidiary (other than a any Foreign Restricted Subsidiary or a Securitization EntityFinance Corp.) acquired or created pursuant to this clause (2) shall execute have executed a Guarantee, satisfactory in form and substance to the Trustee (and with such documentation relating thereto as the Trustee may reasonably shall require, including including, without limitation a supplement or amendment to this IndentureIndenture and Opinions of Counsel as to the enforceability of such Guarantee), pursuant to which such Restricted Subsidiary shall will become a Guarantor; or (iii) an Unrestricted Subsidiary.

Limitation on Creation of Subsidiaries. The Company shall not create or acquire, and shall not nor permit any Restricted Subsidiary of its Subsidiaries to create or acquire, any Subsidiary other than than (i) a Restricted Subsidiary existing as of the Issue Date; date of this Indenture that is a Subsidiary Guarantor or (ii) a Restricted Subsidiary that is acquired or created after which shall, at the Issue Date; providedtime it has either assets or shareholder's equity in excess of $1,000, however, that each Restricted become a Subsidiary (other than a Foreign Restricted Subsidiary or a Securitization Entity) shall Guarantor and execute a Guaranteesupplemental indenture, in the form attached as Exhibit I and reasonably satisfactory in form and substance to the Indenture Trustee (and with such documentation relating thereto as the Indenture Trustee may reasonably shall require, including a supplement or amendment including, without limitation, an Opinion of Counsel as to this Indenture, pursuant to which the enforceability of such Restricted supplemental indenture and Subsidiary shall become a Guarantor; or (iii) an Unrestricted SubsidiaryGuarantee).

Limitation on Creation of Subsidiaries. The Company shall will not create or acquire, and shall will not permit any of its Restricted Subsidiary Subsidiaries to create or acquire, any Subsidiary other than: (i1) a Restricted Subsidiary existing as of the Issue Date; (ii2) a Restricted Subsidiary that is acquired or created after the Issue Date; , provided, however, that each Restricted Subsidiary (other than a any Foreign Restricted Subsidiary or a Securitization EntityFinance Corp.) acquired or created pursuant to this clause (2) shall execute have executed a Guarantee, satisfactory in form and substance to the Trustee (and with such documentation relating thereto as the Trustee may reasonably shall require, including including, without limitation a supplement or amendment to this IndentureIndenture and Opinions of Counsel as to the enforceability of such Guarantee), pursuant to which such Restricted Subsidiary shall will become a Guarantor; , or (iii3) an Unrestricted Subsidiary.

Limitation on Creation of Subsidiaries. The Company shall will not create or acquire, and shall will not permit any of its Restricted Subsidiary Subsidiaries to create or acquire, any Subsidiary other than (i1) a Restricted Subsidiary existing as of the Issue Date;, (ii2) a Restricted Subsidiary that is acquired or created after the Issue Date; , provided, however, that each Restricted Subsidiary (other than a any Foreign Restricted Subsidiary or a Securitization EntityFinance Corp.) acquired or created pursuant to this clause (2) shall execute have executed a Guarantee, satisfactory in form and substance to the Trustee (and with such documentation relating thereto as the Trustee may reasonably shall require, including including, without limitation a supplement or amendment to this IndentureIndenture and Opinions of Counsel as to the enforceability of such Guarantee), pursuant to which such Restricted Subsidiary shall will become a Guarantor; , or (iii3) an Unrestricted Subsidiary.

Limitation on Creation of Subsidiaries. The Company shall not create or acquire, and shall not nor permit any of its Restricted Subsidiary Subsidiaries to create or acquire, any Subsidiary other than than (i) a Restricted Subsidiary existing as of the Issue Date; date of the Indenture, (ii) a Restricted Subsidiary that is acquired or created after the Issue Datedate of the Indenture, or (iii) an Unrestricted Subsidiary; provided, however, that each Restricted Subsidiary acquired or created pursuant to clause (other than a Foreign Restricted Subsidiary or a Securitization Entityii) shall execute have executed a Guaranteeguarantee, satisfactory in form and substance to the Trustee (and with such documentation relating thereto as the Trustee may reasonably shall require, including including, without limitation a supplement or amendment to this Indenturethe Indenture and opinions of counsel as to the enforceability of such guarantee), pursuant to which such Restricted Subsidiary shall become a Guarantor; or (iii) an Unrestricted Subsidiary. As of the Issue Date, the Company will have no Subsidiaries, other than the Guarantors.