Cayman Subsidiary definition
Examples of Cayman Subsidiary in a sentence
The Credit Parties agree that on or after the date hereof, all of their business operations shall be conducted through and for the account of Borrower or Parent, and none of the Cayman Subsidiaries shall conduct any business operations or hold any assets unless the Borrower and Parent shall have first taken all reasonably necessary actions (as determined by St. Cloud) to grant the Borrower a valid and first priority security interest in all of the assets of such Cayman Subsidiary.
Neither GAHF Cayman nor any GAHF Cayman Subsidiary owns, directly or indirectly, any Capital Interests of, or equity ownership or voting interest in, any Person (other than any GAHF Cayman Subsidiary).
There are no outstanding or authorized stock appreciation, phantom stock, profit participation or similar rights with respect to the Capital Interests of, or other equity, beneficial or voting interest in, any GAHF Cayman Subsidiary to which GAHF Cayman or any GAHF Cayman Subsidiary is bound.
Except as set forth on Schedule 6.03(b), there are no irrevocable proxies and no voting agreements with respect to any Capital Interests of, or other equity, beneficial or voting interest in, any GAHF Cayman Subsidiary.
There are no contracts to which GAHF Cayman or any GAHF Cayman Subsidiary is a party or by which GAHF Cayman or any GAHF Cayman Subsidiary is bound to (i) repurchase, redeem or otherwise acquire any Capital Interests of, or other equity, beneficial or voting interest in, any GAHF Cayman Subsidiary or (ii) vote or dispose of any Capital Interests of, or other equity, beneficial or voting interest in, any GAHF Cayman Subsidiary.