Commercial Subsidiary definition

Commercial Subsidiary means a company which carries out Commercial Activities and includes: (i) BBC Commercial Holdings Limited; (ii) BBC Studios Group Limited which consolidates BBC Studios Limited and BBC Worldwide Limited; (iii) BBC Studioworks Limited; and (iv) BBC Global News Limited;
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Commercial Subsidiary means a Subsidiary maintained or established by the Trustee pursuant to clause 18 to undertake Commercial Activities;
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Commercial Subsidiary a Subsidiary of the Borrower which has engaged in or hereafter engages in, as its principal business, the development, investment and management of commercial or mixed use properties and activities that are incidental or ancillary thereto.
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Examples of Commercial Subsidiary in a sentence

  • There are no options, convertible securities, warrants, or other rights (preemptive or otherwise) to purchase or acquire any capital stock of any Commercial Subsidiary and no contracts to which Commercial or any of its affiliates is subject with respect to the issuance, voting or sale of issued or unissued shares of the capital stock of any of the Commercial Subsidiaries.

  • Commercial and each Commercial Subsidiary have complied in all material respects with all applicable state law sales and use tax collection and reporting requirements.

  • The Trustee may maintain and/or establish a Commercial Subsidiary, or Commercial Subsidiaries, the objectives and purposes of which will be to receive and/or manage those of the Trust’s Assets that are of a commercial nature, which such companies shall manage on a prudent, commercial and profitable basis.

  • Commercial and each Commercial Subsidiary have complied with all applicable state law sales and use Tax collection and reporting requirements.

  • As of the date of this Agreement, there are no agreements, directives, orders or similar arrangements between or involving Commercial or any Commercial Subsidiary and any state or federal savings institution regulatory authority.

  • There are no outstanding Rights to purchase or acquire any capital stock of any Commercial Subsidiary and no oral or written agreement, contract, ar- rangement, understanding, plan or instrument of any kind to which Commercial or any of its Affiliates is subject with respect to the issuance, voting or sale of issued or unissued shares of the capital stock of any of the Commercial Subsidiaries.

  • Commercial shall recognize, or shall cause the appropriate Commercial Subsidiary to recognize, each Transferred Employee's service with Bancorp or any Bancorp Subsidiary for purposes of determining eligibility to participate in and vest under the Commercial Plans, but not for purposes of benefit accruals under any such plans and no such Transferred Employees or dependents shall be subject to any uninsured waiting periods or preexisting condition exclusions under any plan of Commercial or the Bank.

  • Commercial and the Commercial Subsidiaries enjoy peaceful and undisturbed possession under all material leases for the use of real property under which they are the lessee; all of such leases are valid and binding and in full force and effect and neither Commercial nor any Commercial Subsidiary is in default in any material respect under any such lease.

  • Commercial and each of the Commercial Subsidiaries have duly and properly filed all federal, state, local and other tax returns required to be filed by them and have made timely payments of all taxes due and payable, whether disputed or not; there is no agreement by Commercial or any Commercial Subsidiary for the extension of time or for the assessment or payment of any taxes payable.

  • Each of the subsidiaries of Commercial within the meaning of Section 10(a)(1)(G) of HOLA (individually a "Commercial Subsidiary" and collectively the "Commercial Subsidiaries") is duly organized, validly existing, and in good standing under the laws of the respective jurisdiction under which it is organized.


More Definitions of Commercial Subsidiary

Commercial Subsidiary and "Commercial Subsidiaries" shall have the respective meanings set forth in Section 5.1.
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Commercial Subsidiary means a Subsidiary maintained or established by the Trustee
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Commercial Subsidiary means a company which carries out Commercial Activities and includes: (i) BBC Commercial Holdings Limited (Companies House number 04463534); (ii) BBC Studios; (iii) BBC Studioworks Limited (Companies House number 03593793); and (iv) BBC Global News Limited (Companies House number 04514407);
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Related to Commercial Subsidiary

  • Material Subsidiary means any Subsidiary other than an Immaterial Subsidiary.

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

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

  • Excluded Subsidiary means (a) any Subsidiary that is not a wholly-owned direct or indirect Domestic Subsidiary of Holdings, (b) any Subsidiary that is prohibited or restricted by applicable Law or by Contractual Obligations permitted by this Agreement in existence at the time of acquisition of such Subsidiary but not entered into in contemplation thereof, from guaranteeing the Obligations or if guaranteeing the Obligations would require governmental (including regulatory) consent, approval, license or authorization, unless such consent, approval, license or authorization has been received, or for which the provision of a Guarantee would result in material adverse tax consequences to the Borrower or one of its subsidiaries as reasonably determined by the Borrower and agreed in writing by the Administrative Agent, (c) any other Subsidiary with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the burden or cost of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (d) any not-for-profit Subsidiaries or captive insurance Subsidiaries, (e) any Unrestricted Subsidiaries, (f) any Securitization Subsidiary, (g) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary of Holdings that is a CFC, (h) any direct or indirect Domestic Subsidiary of Holdings that is a FSHCO, (i) [reserved], (j) captive insurance Subsidiaries, (k) any Subsidiary that is not a Material Subsidiary and (l) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment that has assumed secured Indebtedness permitted under Section 7.03(g)(i) and not incurred in contemplation of such Permitted Acquisition or other Investment, in each case to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor (so long as such prohibition is not incurred in contemplation of such Permitted Acquisition or other Investment). For the avoidance of doubt, the Borrower shall not constitute an Excluded 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.

  • Restricted Subsidiary means any Subsidiary of the Borrower other than an Unrestricted Subsidiary.