Pipeline Subsidiaries definition

Pipeline Subsidiaries means each of Kenai Pipeline Company, Tesoro Alaska Pipeline Company, Tesoro High Plains Pipeline Company, and each other Person (i) that does not own Collateral or Property required to be Collateral hereunder, and (ii) substantially all of the assets of which consist of one or more pipelines comparable to the ones owned by Kenai Pipe Line Company, Tesoro Alaska Pipeline Company, and Tesoro High Plains Pipeline Company, in each case together with their respective permitted successors and assigns, including, without limitation, debtors in possession on their behalf.
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Pipeline Subsidiaries means each of AHD GP, AHD, APL GP, APL and their respective Subsidiaries.
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Examples of Pipeline Subsidiaries in a sentence

  • Notwithstanding the foregoing or anything to the contrary contained in any Loan Document, neither the Borrower nor any Subsidiary shall pledge, encumber or otherwise ▇▇▇▇▇ ▇ ▇▇▇▇ to any Person upon any equity interest held by the Borrower or such Subsidiary in any other Subsidiary or an Affiliate of the Borrower or such Subsidiary, except for equity interests in the Pipeline Subsidiaries granted by the Borrower to the Multiparty Collateral Agent in order to secure Other Senior Secured Debt.

  • Pipeline Subsidiaries.........................................................

  • All Collateral consisting of Capital Stock of Pipeline Subsidiaries will be represented by certificated securities and each Grantor shall deliver all promissory notes and other instruments evidencing or representing any Collateral to the Collateral Agent for the benefit of the Secured Parties as security for all of the Secured Obligations, accompanied by duly executed instruments of transfer or assignment in blank.

Related to Pipeline Subsidiaries

  • Retained Subsidiaries means all of the direct and indirect Subsidiaries of Seller other than the Purchased Subsidiaries.

  • Excluded Subsidiaries (a) any Domestic Subsidiary that is prohibited by law, regulation or by any Contractual Obligation existing on the Closing Date or on the date such Subsidiary is acquired (so long as such prohibition is not created in contemplation of such acquisition) from providing a Guarantee Obligation in respect of the Obligations (and for so long as such restrictions or any replacement or renewal thereof is in effect) or that would require a governmental (including regulatory) consent, approval, license or authorization in order to provide such Guarantee Obligation (unless such consent, approval, license or authorization has already been obtained) or where the provision of such guaranty could result in material adverse tax consequences to the Borrower or such Subsidiary as reasonably determined by the Borrower in consultation with the Administrative Agent, (b) any Subsidiary that is a Disregarded Domestic Person, (c) any Subsidiary that is a direct or indirect Subsidiary of an Excluded Subsidiary, (d) any captive insurance Subsidiary that provides workers compensation and/or health insurance to members of the Consolidated Group, (e) any not-for-profit Subsidiary, (f) any Subsidiary that is a special purpose entity, (g) any Foreign Subsidiary, (h) solely in respect of Excluded Swap Obligations, any Excluded Swap Guarantor, (i) each Subsidiary designated as an Excluded Subsidiary on Schedule 6.13 as of the Closing Date and (j) subject to Section 8.15, any other Subsidiary designated by the Borrower from time to time after the date hereof in connection with (i) any CMBS Financing, (ii) any Joint Venture, (iii) any Permitted Acquisition or (iv) the entrance into any new operating lease, capital lease, management contract or other Contractual Obligation that, in each case of the foregoing clauses (i), (ii), (iii) and (iv), was entered into for bona fide business purposes and that the Borrower reasonably believes in good faith would prohibit such Subsidiary from becoming a Guarantor hereunder; and provided that, in each case, (x) immediately before and after such designation, no Event of Default shall have occurred and be continuing, and (y) immediately after giving effect to such designation, the Company and its Subsidiaries shall be in compliance on a Pro Forma Basis with the Financial Covenants.

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.

  • Inactive Subsidiaries means those Subsidiaries of the Borrower listed on Schedule 1.01.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.