Wholly Owned Subsidiary. As to the Borrower, any Subsidiary of Borrower that is directly or indirectly owned 100% by the Borrower.
Wholly Owned Subsidiary. As to a Person, any Subsidiary of such first Person that is directly or indirectly owned one hundred percent (100%) by such first Person.
Wholly Owned Subsidiary. As to the Borrower or REIT, any Subsidiary of the Borrower or REIT that is directly or indirectly owned one hundred percent (100%) by the Borrower or REIT, respectively.
Wholly Owned Subsidiary. As to any Person, a subsidiary of such Person all of the equity interests of which are owned, directly or indirectly, by such Person.
Wholly Owned Subsidiary. Any Subsidiary of Borrower or the Trust in which all of the equity interests (other than in the case of a corporation, director’s qualifying shares) are at the time directly or indirectly owned by Borrower or the Trust.
Wholly Owned Subsidiary. 39 SECTION 102. Compliance Certificates and Opinions......................... 39 SECTION 103. Form of Documents Delivered to Trustee....................... 40 SECTION 104. Acts of Holders.............................................. 41 SECTION 105. Notices, etc., to Trustee and Company........................ 43
Wholly Owned Subsidiary. Any Subsidiary which the Borrower shall at all times own directly or indirectly (through a Subsidiary or Subsidiaries) at least a majority (by number of votes or controlling interests) of the outstanding voting interests and ninety-nine percent (99%) of the economic interests. For purposes of this definition, with respect to any Subsidiary of the Borrower which is a Massachusetts nominee trust, references to such Subsidiary shall be deemed to be references to the beneficiary or beneficiaries of such nominee trust.
Wholly Owned Subsidiary. As to a Person, any Subsidiary of Parent Company that is directly or indirectly owned 100% by such Person. Subject to the compliance by Borrower and the Subsidiary Guarantors with §8.18 of this Agreement, the Agent and the Lenders agree that, for so long as any real property asset of Borrower or any Subsidiary Guarantor is subject to a Tax Driven Lease Transaction, such property shall be treated as though it is owned by a Wholly Owned Subsidiary for all purposes under this Agreement. Furthermore, for so long as net cash received (whether in the form of interest on bonds or otherwise) in connection with any Tax Driven Lease Transaction equals the net cash paid (whether in the form of rent or otherwise) under the applicable Tax Driven Lease Transaction Documents, such amounts shall be disregarded for purposes of calculating the financial covenants in §9.
Wholly Owned Subsidiary. 6 SECTION 1.02. Compliance Certificates and Opinions............................................ 7 SECTION 1.03. Form of Documents Delivered to Trustee.......................................... 7 SECTION 1.04. Acts of Holders; Record Dates................................................... 7 SECTION 1.05. Notices, Etc., to Trustee and Company........................................... 9 SECTION 1.06. Notice to Holders; Waiver....................................................... 9 SECTION 1.07. Conflict With Trust Indenture Act............................................... 9 SECTION 1.08. Effect of Headings and Table of Contents........................................ 10 SECTION 1.09. Successors and Assigns.......................................................... 10 SECTION 1.10. Separability Clause............................................................. 10 SECTION 1.11.
Wholly Owned Subsidiary. Due to the Merger of Shares, Oi shall be a wholly owned subsidiary of TelPart.
7.1. Changes of the TelPart By-Laws. As a result of the Merger of Shares, TelPart’s By-Laws shall be changed to reflect the change in the value of the capital stock and the number of shares into which it is divided. Thus, the following proposal for changes to the head paragraph of Article 5 of the By-Laws shall be submitted to the shareholders: “Article 5 - The capital stock of the Company is R$ [=]12 ([=]), divided in [=] ([=]) common registered shares with no face value.”
