Common use of Permitted Subsidiaries Clause in Contracts

Permitted Subsidiaries. (a) Each Permitted Subsidiary is in compliance with the covenants set forth in Sections 6.05, 6.07, 6.08, 6.12, 6.13(a)(xx), 6.14, 6.24, 7.03 and 7.14, in each case as if such covenants were applicable directly to such Permitted Subsidiary. (b) The Borrower shall cause the Organization Documents of each HPS Partnership and each Permitted Subsidiary to prohibit any transfer of the equity in such HPS Partnership or such Permitted Subsidiary without the prior written consent of the Administrative Agent. (c) The Borrower shall maintain, subject to the prior Lien of the Administrative Agent for the benefit of the Secured Parties, the applicable Permitted Subsidiary Accounts for each Permitted Subsidiary in the name of such Permitted Subsidiary.