Bermuda Subsidiary definition

Bermuda Subsidiary means Insperity Captive Insurance Companies Limited, a Bermuda corporation.
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Bermuda Subsidiary is Halozyme Holdings, Ltd., a wholly-owned Subsidiary of Halozyme formed under the laws of Bermuda.
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Bermuda Subsidiary means eASIC Limited, a wholly-owned Subsidiary of Borrower, which is formed under the laws of Bermuda.
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Examples of Bermuda Subsidiary in a sentence

  • Based solely upon a review of the register of members of the each Bermuda Subsidiary dated 24 September, 2003, certified by the Assistant Secretary of the respective Bermuda Subsidiary on 24 September, 2003, the issued share capital of each Bermuda Subsidiary consists of 12,000 common shares par value US$1.00, each of which is validly issued, fully paid and non-assessable and registered in the name of the Company.

  • Permit the Bermuda Subsidiary to hold more than twenty percent (20.00%) of the total consolidated cash and Cash Equivalents of Borrower and its Subsidiaries at any time.


More Definitions of Bermuda Subsidiary

Bermuda Subsidiary means a direct Wholly-Owned Subsidiary of the Borrower to be organized under the laws of Bermuda and which is a corporation for U.S. federal income tax purposes.
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Bermuda Subsidiary is Halozyme Holdings, Ltd., a wholly-owned Subsidiary of the Swiss Holdco formed under the laws of Bermuda.
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Bermuda Subsidiary means Tetraphase Pharmaceuticals (Bermuda) Ltd., a company organized under the laws of Bermuda and a Subsidiary of Borrower.
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Bermuda Subsidiary means any Subsidiary of the Borrower organized under the laws of Bermuda.
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Bermuda Subsidiary mean Borrower’s Subsidiary, Systemic Pulmonary Delivery Ltd.
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Bermuda Subsidiary has the meaning set forth in SECTION 7.2(G).
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Related to Bermuda Subsidiary

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions and transactions related or incidental thereto.

  • Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any province or territory thereof.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Consolidated Subsidiary means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of the Borrower in its consolidated financial statements if such statements were prepared as of such date.

  • Intermediate Parent means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

  • Principal Subsidiary means at any relevant time a Subsidiary of the Issuer:

  • Bank Subsidiary means the subsidiary or subsidiaries or the Bank which may from time to time be specified by the Bank to the Customer;

  • Intermediate Holdco as defined in the preamble to this Agreement.

  • Pledge Subsidiary means (i) each Domestic Subsidiary and (ii) each First Tier Foreign Subsidiary which is a Material Foreign Subsidiary.

  • Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.

  • U.S. Subsidiary means any Subsidiary that is organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • SBIC Subsidiary means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is (x) either (i) a “small business investment company” licensed by the SBA (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) under the Small Business Investment Act of 1958, as amended, or (ii) any wholly-owned, direct or indirect, Subsidiary of an entity referred to in clause (x)(i) of this definition, and (y) designated in writing by the Borrower (as provided below) as an SBIC Subsidiary, so long as:

  • Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.

  • Financing Subsidiary means an SPE Subsidiary or an SBIC Subsidiary.

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • PRC Subsidiary means all Company Subsidiaries organized under the Laws of the PRC;