Commercial Subsidiary definition

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 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 and "Commercial Subsidiaries" shall have the respective meanings set forth in Section 5.1.
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Examples of Commercial Subsidiary in a sentence

  • 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.

  • World Nuclear News, “Enec and Kepco Create Commercial Subsidiary Barakah One,” October 20, 2016, https://www.world-nuclear-news.org/C-Enec-and-Kepco-create- commercial-subsidiary-Barakah-One-20101601.html.

  • In doing so any Commercial Subsidiary shall conduct or otherwise undertake Commercial Activities of the Ngati Whatua Orakei Ngāti Whātua Ōrākei Group, either itself or through any subsidiary or subsidiaries Subsidiary established for that purpose, on behalf of and for the benefit of the Members of Ngati Whatua Orakei in the furtherance of the Trust’s Purposes.

  • I think I’ve developed a more cultural understanding of how things work and how people work.

  • C.3 Where a rate of return which a Commercial Subsidiary (the “Consolidated Commercial Subsidiary”) earns is consolidated into an overall rate of return earned by a parent Commercial Subsidiary which is a trading company subject to these Requirements, the BBC is not required to: a) assess an appropriate commercial rate of return for the Consolidated Commercial Subsidiary; and/or b) set a target rate of return that is at least the commercial rate of return for the Consolidated Commercial Subsidiary.

  • The third parties category for the revenues of a Commercial Subsidiary must include the revenues of the services sold by that Commercial Subsidiary to third parties, as opposed to the services provided by that Commercial Subsidiary to the Public Service, other Commercial Subsidiaries or other lines of business within that Commercial Subsidiary.

  • The transfer would also be subject to approval by the board of the Commercial Subsidiary (the “ Commercial Subsidiary Board”), the board of any other Group member involved in the transfer and the Company Board.

  • If one of the Commercial Subsidiaries were successful at winning a fair and open tender, it would demonstrate that that Commercial Subsidiary placed the most value on the good or service in question.

  • It was the period after the promulgation of the Constitution but before the enactment of the AFFA Act and the Crops Act.

  • The Operating Principles in so far as they apply to the Commercial Subsidiary, the Commercial Strategic Framework, paragraph 4.3(A) of the Framework Document and the Financial Targets and Principles in so far as they apply to the Commercial Subsidiary are intended to be part of the Commercial Subsidiary’s constitution for the purposes of the Companies Act 2006.


More Definitions of Commercial Subsidiary

Commercial Subsidiary means a Subsidiary maintained or established by the Trustee
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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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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) each Immaterial Subsidiary, (b) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary would otherwise be required to become a Guarantor pursuant to the requirements of Section 8.10 (for so long as such Subsidiary remains a non-Wholly-Owned Subsidiary), (c) each Subsidiary (i) that is prohibited by any applicable Requirement of Law or Contractual Requirement (with respect to any such Contractual Requirement, only to the extent existing on the Closing Date or on the date such Person becomes a Subsidiary of the Company and not entered into in contemplation thereof) from guaranteeing the Obligations (and for so long as such restriction or any replacement or renewal thereof is in effect), (ii) that would require consent, approval, license or authorization to provide a Guarantee of the Obligations from a Governmental Authority (unless such consent, approval, license or authorization has been received) or for which the provision of such Guarantee would result in material adverse tax consequences to the Company or one or more of its Subsidiaries (as reasonably determined by the Company in consultation with the Administrative Agent) or (iii) that is a CFC (or a Subsidiary of a CFC) or FSHCO, (d) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, as agreed in writing, the cost or other consequences of providing a Guarantee of the Obligations would be excessive in view of the benefits to be obtained by the Lenders therefrom, (e) each Unrestricted Subsidiary, (f) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment permitted hereunder and financed with secured Indebtedness permitted to be incurred pursuant to Section 9.04, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that guarantees such secured Indebtedness, in each case, to the extent that, and for so long as, the documentation relating to such secured Indebtedness to which such Subsidiary is a party prohibits such Subsidiary from guaranteeing the Obligations and such prohibition was not created in contemplation of such Permitted Acquisition or other Investment permitted hereunder and (g) any special purpose entity (including any not-for-profit entity).

  • Consolidated Subsidiary means, with respect to any Person at any time, any Subsidiary or other Person the accounts of which would be consolidated with those of such first Person in its consolidated financial statements in accordance with GAAP.

  • Subsidiary means an entity in which more than 50 percent of the entity is owned—

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