Investments in Subsidiaries. Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments.
Investments in Subsidiaries other Investments in existence on the date hereof.
Investments in Subsidiaries. 8 5.8 Full Disclosure........................................................... 8
Investments in Subsidiaries. Paid up shares Ownership Amount Dividend
Investments in Subsidiaries. Investments in subsidiaries in the separate financial statements which use the cost method are as follows: Nature Country of Company's name of business incorporation Paid-up capital Shareholding percentage (%) Cost method (In Baht) As at March 31, 2023 As at December 31, 2022 As at March 31, 2023 As at December 31, 2022 As at March 31, 2023 As at December 31, 2022 TRC Investment Limited* Holding company The Republic ofMauritius 1 USD 1 USD 100.00 100.00 32 32 Olive Technology Company Limited Data management and processing Thailand 3,100,000 Baht 3,100,000 Baht 49.97 49.97 1,549,070 1,549,070 Total 622,443,793 622,443,793 Less : Allowance for loss on impairment of investment (145,071,416) (145,071,416) Total investments in subsidiaries - net 477,372,377 477,372,377 * The financial statements of the subsidiary were prepared by the management of the subsidiary and not reviewed by other auditors. Details of investments in subsidiaries which are held by the Company’s subsidiaries are as follows: Nature Country of Company's name of business incorporation Paid-up capital Shareholding percentage (%) Cost method (In Baht) As at March 31, 2023 As at December 31, 2022 As at March 31, 2023 As at December 31, 2022 As at March 31, 2023 As at December 31, 2022 Hydrotek Sahakarn Joint Venture Construction services Thailand 1,000,000Baht 1,000,000Baht 49.00 49.00 490,000 490,000 Saha Hydro Pattaya Joint Venture Construction services Thailand 200,000Baht 200,000Baht 100.00 100.00 200,000 200,000 TRC International Limited* Holding company Hong Kong 10 HKD 10 HKD 100.00 100.00 33 33 Mahat Company Limited Data management and processing Thailand 1,000,000Baht 1,000,000Baht 59.98 59.98 599,800 599,800 Total 1,289,833 1,289,833 Less: Allowance for loss on impairment of investment - - Total investments in subsidiaries which are held by the Company’s subsidiaries - net 1,289,833 1,289,833 * The financial statements of the subsidiary were prepared by the management of the subsidiary and not reviewed by other auditors. As at March 31, 2023 such subsidiary is under liquidation process.
Investments in Subsidiaries of the Borrower (i) which have executed a Subsidiary Guaranty and a Security Agreement granting a first priority Lien in all its assets of the types or classes included in the Collateral to secure the Obligations and (ii) which have delivered to the Lenders such board resolutions, officer's certificates and opinions of counsel as the Administrative Lender shall reasonably request;
Investments in Subsidiaries. Borrower shall not, and shall not permit any Subsidiary to, contribute, assign or otherwise transfer assets to any Subsidiary or Subsidiaries, other than Permitted Investments.
Investments in Subsidiaries. The Borrower will not, and will not permit or cause any of its Subsidiaries to, directly or indirectly, purchase, own, invest in or otherwise acquire any Capital Stock, evidence of indebtedness or other obligation or security or any interest whatsoever in any Domestic Subsidiary of the Parent that is both (a) not a Wholly-Owned Subsidiary and (b) not a Subsidiary Guarantor (each, a “Non-Wholly-Owned Subsidiary”), or make or permit to exist any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any Non-Wholly-Owned Subsidiary (collectively, “Investments”) other than:
(i) Investments in Non-Wholly-Owned Subsidiaries existing as of the Closing Date;
(ii) the Borrower’s guarantee of the loans made by ICE US Trust under the New Liquidity Facility; and
(iii) other Investments in Non Wholly-Owned Subsidiaries made in any fiscal year in an aggregate amount not exceeding 15% of Consolidated EBITDA for the fiscal year most recently ended.
Investments in Subsidiaries. The Borrower will not own or acquire, and will not make any investment in, any Subsidiary.
Investments in Subsidiaries. Except for any Permitted Investments, the Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, lend money or credit (by way of guarantee or otherwise) or make advances to any Excluded Subsidiary.
