Designated Former Material Subsidiary

Example Definitions of "Designated Former Material Subsidiary"
Designated Former Material Subsidiary. Each Subsidiary Guarantor so designated in a certificate substantially in the form and substance of Exhibit I (a "Designation Certificate") and signed by a Responsible Officer of the General Partner on behalf of the Parent Borrower which certifies that, as of the date of such Designation Certificate, (a) such designated Subsidiary Guarantor (1) is not a Material Subsidiary and (2) was not a Material Subsidiary as of the last day of each of the three most recently completed fiscal quarters for... which the Parent Borrower delivered financial statements to the Administrative Agent in accordance with Section 6.1 and (b) to the best knowledge of such Responsible Officer, no Default or Event of Default has occurred and is continuing. For the avoidance of doubt, the Opco Borrower cannot become a Designated Former Material Subsidiary. View More
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