Blocker Subsidiary definition

Blocker Subsidiary. An entity treated as a corporation for U.S. federal income tax purposes, 100% of the equity interests in which are owned directly or indirectly by the Issuer.

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Blocker Subsidiary has the meaning assigned to such term in Section 5.02(p).

Blocker Subsidiary has the meaning assigned to such term in the preamble of this Agreement.

Examples of Blocker Subsidiary in a sentence

• Issue any additional Capital Stock that would result in a Change of Control or, in the case of the Company or a Tax Blocker Subsidiary (except for any Excluded Assets), which is not subject to the Lien of the Administrative Agent, for the benefit of the Lenders, pursuant to the Collateral Documents, or create, form or acquire any Subsidiary, except in compliance with Section 6.16.

• No recourse shall be had against any Officer, member, director, employee, security holder or incorporator of the Issuer, the Co-Issuer, any Blocker Subsidiary or any of their respective successors and assigns for the payment of any amounts payable under this Agreement.

• In particular, neither the Co-Issuers nor the Blocker Subsidiary may petition or take any other steps for the winding up or bankruptcy of the other of the Co-Issuers or of any Blocker Subsidiary (other than, in the case of the Issuer, a winding-up or liquidation of a Blocker Subsidiary that no longer holds any assets) and neither of the Co-Issuers shall have any claim with respect to any assets of the other of the Co-Issuers.

• Any Holder or beneficial owner of Notes, any Blocker Subsidiary or either of the Co-Issuers may seek and obtain specific performance of such restrictions (including injunctive relief), including, without limitation, in any bankruptcy, reorganization, arrangement, insolvency, moratorium or liquidation proceedings, or other proceedings under Cayman Islands law, United States federal or state bankruptcy law or similar laws.

• For financial accounting reporting purposes (including each Required Report prepared pursuant to this Agreement) and the Concentration Limits and Transaction Concentration Requirements (and, for the avoidance of doubt, not for tax purposes), the Borrower will be deemed to own a Collateral Obligation, Permitted Investment or Equity Security held by a Blocker Subsidiary rather than its interest in that Blocker Subsidiary.

More Definitions of Blocker Subsidiary

Blocker Subsidiary means an entity (a) whose sole business purpose is to hold one or more investments on behalf of a Regulated Entity; (b) that is wholly-owned by the Regulated Entity (with the Regulated Entity at all times holding, beneficially and of record, 100% of the voting and economic interests); (c) with respect to which the Regulated Entity’s Board has the sole authority to make all determinations with respect to the Blocker Subsidiary’s participation under the conditions to this Application; (d) that does not pay a separate advisory fee, including any performance-based fee, to any person; and (e) that is an entity that would be an investment company but for Section 3(c)(1) or 3(c)(7) of the Act.

Blocker Subsidiary means any Delaware limited liability company to be formed as a wholly-owned Subsidiary of the Company prior to Closing to acquire interests in either Rosmar Holdings, LLC or Silver State South Solar, LLC pursuant to the Asset Purchase Agreement and that will make an election to be treated as a corporation for U.S. federal income tax purposes pursuant to Treasury Regulations Section 301.7701-3 on the day immediately preceding the Closing Date.

Blocker Subsidiary mean a Subsidiary of the Borrower that is formed for the sole purpose of holding any Equity Security in one or more Persons or other assets received in a workout of a Defaulted Collateral Loan or otherwise acquired in connection with a workout of a Collateral Loan.

Blocker Subsidiary has the meaning set forth in Section 4.3(a).

Blocker Subsidiary means Alcentra BDC Equity Holdings, LLC, a Delaware limited liability company.

Blocker Subsidiary. The meaning specified in Section 7.4(c).

Blocker Subsidiary. ’ means an entity (a) whose sole business purpose is to hold one or more investments on behalf of a Regulated Entity; (b) that is wholly-owned by the Regulated Entity (with the Regulated Entity at all times holding, beneficially and of record, 100% of the voting and economic interests); (c) with respect to which the Regulated Entity’s Board has the sole authority to make all determinations with respect to the Blocker Subsidiary’s participation under the conditions to