Chilean Subsidiary definition

Chilean Subsidiary means a Subsidiary organized under the laws of the Republic of Chile.
Sample 1Sample 2Sample 3
Chilean Subsidiary means a Subsidiary of the Company organized under the laws of the Republic of Chile.
Sample 1Sample 2
Chilean Subsidiary has the meaning set forth in Section 3.2(b).
Sample 1

Examples of Chilean Subsidiary in a sentence

  • Each Chilean Subsidiary has entered into a written employment contract with each of its employees pursuant to the provisions of the Chilean Labor Code and is not in violation in any material respect of the Chilean Labor Code or any other labor related laws.

  • The Company shall cause the Chilean Subsidiary to (A) record the financial results of each Sales Division separately and (B) for each Sales Division, employ or otherwise engage local sales personnel in the country relating to the Sales Division.

  • From the Contributions, the Company shall contribute approximately U.S. $3,000,000 to the Chilean Subsidiary.

  • As applicable, ADS and Tigre shall, and the Company shall cause the Chilean Subsidiary to, use reasonable best efforts (and bear their respective costs) without payment of any material fees, penalties or other amounts to any third party to obtain or secure any and all consents or approvals that may be necessary to effect the legal and valid sale, transfer or assignment of any such items.

  • In the event that ADS or Tigre, as the case may be, makes any payment with respect to any such item for or related to coverage, service, obligations or liabilities on or after the Initial Closing Date, then the Company shall cause the Chilean Subsidiary to reimburse ADS or Tigre, as the case may be, for such payments made promptly thereafter.

  • The newly appointed Board of Directors of the Delaware Subsidiary shall also be named the Board of the Chilean Subsidiary.

  • Initially, the Company shall conduct the Business in Ecuador, Peru, Paraguay, Uruguay and Bolivia through separate sales divisions of the Chilean Subsidiary (each such sales division, a “Sales Division”).

  • On the Initial Closing Date, Tigre shall enter into an Assignment and Assumption Agreement with the Chilean Subsidiary (the “Tigre Assignment and Assumption Agreement”), pursuant to which Tigre shall assign to the Chilean Subsidiary, and the Chilean Subsidiary shall assume and agree to pay or perform, those obligations and liabilities arising under the Assigned Tigre Contracts on or after the Initial Closing Date.

  • In the event that the Chilean Subsidiary makes any payment with respect to any such item for or related to coverage, service, obligations or liabilities prior to the Initial Closing Date, then ADS or Tigre, as the case may be, shall reimburse the Chilean Subsidiary for such payments made promptly thereafter.

  • On the Initial Closing Date, (A) ADS Parent shall enter into the ADS Sales Agent Agreement with the Company and the Chilean Subsidiary and (B) Tigre Parent shall enter into the Tigre Sales Agent Agreement with the Company and the Chilean Subsidiary.

Related to Chilean Subsidiary

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

  • 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.

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

  • 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.

  • 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.

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • Foreign Subsidiary Holdco means any Restricted Subsidiary which is organized under the laws of the United States (as defined for purposes of Section 956 of the Code) that has no material assets other than the Capital Stock and, if any, Indebtedness of (1) one or more Foreign Subsidiaries that are “controlled foreign corporations” as defined by Section 957 of the Code or (2) any other Foreign Subsidiary Holdco.

  • Securitization Subsidiary means any Subsidiary formed for the purpose of, and that solely engages only in one or more Qualified Securitization Facilities and other activities reasonably related thereto.

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

  • Canadian Subsidiaries means the Subsidiaries organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • 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.

  • Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • Direct Foreign Subsidiary means a Subsidiary other than a Domestic Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by the Borrower or a Domestic Subsidiary.

  • U.S. Subsidiary means any Subsidiary that is incorporated or organized under the laws of the United States or a state thereof or the District of Columbia.

  • Inactive Subsidiary means any Subsidiary of a Borrower that (a) does not conduct any business operations, (b) has assets with a total book value not in excess of $1,000,000 and (c) does not have any Indebtedness outstanding.

  • Pledged Subsidiary means each Subsidiary in respect of which the Administrative Agent has been granted a security interest in or a pledge of (a) any of the Capital Securities of such Subsidiary or (b) any intercompany notes of such Subsidiary owing to the Borrower or another Subsidiary.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • Foreign Subsidiaries means Subsidiaries of Borrower which are organized under the laws of a jurisdiction other than the United States of America, any State of the United States or any political subdivision thereof.

  • Material Foreign Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Foreign Restricted Subsidiary means any Restricted Subsidiary which is not organized under the laws of the United States of America or any State thereof or the District of Columbia.