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.

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

• Either of (i) the institution of any proceeding to have the Issuer, Co-Issuer or any Blocker Subsidiary, as the case may be, adjudicated as bankrupt or insolvent or (ii) the filing of any petition seeking relief, reorganization, arrangement, adjustment or composition of or in respect of the Issuer, Co-Issuer or any Blocker Subsidiary, as the case may be, under applicable bankruptcy law or other applicable law.

• The reasonable fees, costs, charges and expenses incurred by the Issuer, Co-Issuer or any Blocker Subsidiary (including reasonable attorneys’ fees and expenses) in connection with a Bankruptcy Filing.

• As of any date of determination, the sum of the products obtained by multiplying (i) for each Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation (other than Defaulted Obligations), the related commitment fee then in effect as of such date and (ii) the undrawn commitments of each such Delayed Drawdown Collateral Obligation and Revolving Collateral Obligation as of such date (net of any applicable tax in the case of any Ineligible Obligations held in a Blocker Subsidiary).

• Any proceeds, fees or other consideration received by the Issuer or any Blocker Subsidiary (including all sale proceeds and payments of interest and principal in respect thereof but excluding, for avoidance of doubt, any proceeds, fees or other consideration received in respect of Roll-Up Investments and other consideration received by the Issuer or any Blocker Subsidiary in connection with Roll-Up Investments) on a Restructured Asset.

• Compliance with FATCA as necessary so that no tax will be imposed or withheld thereunder in respect of payments to or for the benefit of the Issuer or a 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 has the meaning set forth in Section 4.3(a).

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. ’ 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

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

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