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Common use of Subsidiary Borrowers Clause in Contracts

Subsidiary Borrowers. In the case of any Credit Extension to a Subsidiary Borrower, such Subsidiary Borrower shall not be the subject of any proceeding of the type described in Sections 8.6, 8.7 or 8.9.

Appears in 3 contracts

Sources: Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc), Credit Agreement (Hospira Inc)

Related Clauses

  • Co-Borrowers
  • Designated Borrowers
  • Borrowing Subsidiaries
  • Additional Borrowers
  • Designation of Lead Borrower as Borrowers’ Agent

Parent Clauses

  • The Credits
  • AMOUNTS AND TERMS OF THE ADVANCES
  • Miscellaneous
  • The Commitments and Credit Extensions
  • Loan Facilities

Sub-Clauses

  • Subsidiary Borrower Termination Event
  • Subsidiary Borrower Designation
  • Subsidiaries’ Several Liabilities
  • Terminated Subsidiary Borrower
  • TBC Consent to Subsidiary Borrower Borrowings and Notices
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