Downstream Affiliate definition

Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

Downstream Affiliate means an entity, at the date of the event giving rise to the Credit Event which is the subject of the Credit Event Notice, the Delivery Date or Valuation Date, as applicable, or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 percent owned, directly or indirectly, by the Reference Entity.

Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than fifty per cent.- owned, directly or indirectly, by the Reference Entity. As used herein, "Voting Shares" means the shares or other interests that have the power to elect the board of directors or similar governing body of an entity.

Examples of Downstream Affiliate in a sentence

• Without limitation, Publicly Available Information need not state (i) in relation to Section 3.28 ( Downstream Affiliate), the percentage of Voting Shares owned by the Reference Entity and (ii) that the relevant occurrence (A) has met the Payment Requirement or Default Requirement, (B) is the result of exceeding any applicable Grace Period, or (C) has met the subjective criteria specified in certain Credit Events.

• Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

• Do you, dear brethren, try to keep vivid the sense that you belong to another community.

• Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent.

• The benefit of a Qualifying Guarantee must be capable of being Delivered together with the Delivery of the Underlying Obligation.Qualifying Affiliate Guarantee: means a Qualifying Guarantee provided by a Reference Entityin respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.Downstream Affiliate: means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent.

More Definitions of Downstream Affiliate

Downstream Affiliate means an entity, at the date of the event giving rise to the Credit Event which is the subject of the Credit Event Notice, the Delivery Date or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 per cent. owned, directly or indirectly, by the Reference Entity. "Voting Shares" shall mean those shares or other interests that have the power to elect the board of directors or similar governing body of an entity.

Downstream Affiliate means an entity, whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50%. owned, directly or indirectly, by the Bond Issuer.

Downstream Affiliate means an entity, at the date of the event giving rise to the CEMEX Credit Event which is the subject of the Credit Event Notice or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 percent owned, directly or indirectly, by the Reference Entity.

Downstream Affiliate means an entity whose outstanding shares or other interests that have the power to elect the board of directors or similar governing body thereof were, at the date of issuance of a Qualifying Affiliate Guarantee, more than 50% owned, directly or indirectly, by the Borrower (or any Successor of the Borrower).

Downstream Affiliate means, with respect to any Reference Entity, an entity whose Voting Shares were, at the date of issuance of a Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by such Reference Entity.

Downstream Affiliate means an entity, as at the date on which the Qualifying Guarantee is provided, whose outstanding Voting Shares are more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50% owned, directly or indirectly, by the Reference Entity.”(b) (3) is amended by deleting paragraphs (d)(ii) and (iii) in their entirety and replacing them with the following paragraph (d)(ii) and renumbering the paragraphs accordingly in paragraph (d):