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Restricted and Unrestricted Subsidiary Definitions Sample 3
Drafting for Corporate Finance: Concepts, Deals, and Documents (Second Edition)
Book Publication Date:
This form contains sample definitions of unrestricted subsidiary and restricted subsidiary for use in a corporate financing agreement.
These definitions leave it to the board of directors to determine which subsidiaries will be unrestricted, within certain limits.
PLI Item #:
Corporate & Securities
"board of directors"
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