Consolidated Joint Venture definition
Consolidated Joint Venture means a corporation, partnership, limited liability company or other business entity selected by the Parent Guarantor in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by the Parent Guarantor and (y) that is consolidated with the Parent Guarantor and its Subsidiaries in accordance with GAAP in an amount not to exceed the greater of (x) $45.0 million and (y) 5.0% of Consolidated EBITDA.
Consolidated Joint Venture of the Company means a corporation, partnership, limited liability company or other business entity selected by the Company in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by the Company, and (y) that is consolidated with the Company and its Subsidiaries in accordance with GAAP.
Consolidated Joint Venture means any Joint Venture that is accounted for on the balance sheet of Holdings and its Restricted Subsidiaries on a consolidated basis in accordance with GAAP.
Examples of Consolidated Joint Venture in a sentence
Notwithstanding the foregoing, the Parent may Designate a Subsidiary as an Unrestricted Subsidiary without complying with the first two paragraphs of this Section 4.15 if (a) such Subsidiary is a Consolidated Joint Venture and (b) such Designation is made within 30 days of such Joint Venture becoming a Subsidiary.
The books of account and other financial records of each Centerre Company and each Consolidated Joint Venture, all of which have been made available to Parent, are correct and complete in all material respects and have been maintained in accordance with commercially reasonable business and accounting practices.
More Definitions of Consolidated Joint Venture
Consolidated Joint Venture means a Joint Venture in existence on the Issue Date which becomes a Subsidiary because of a change in GAAP relating to consolidation.
Consolidated Joint Venture means, as of any date of determination, any Designated Joint Venture in which any Restricted Party holds an interest which is required under GAAP to be consolidated with the Restricted Parties.
Consolidated Joint Venture means any Consolidated Subsidiary that is (a) not a Wholly Owned Subsidiary and (b) engaged in Krispy Kreme franchisee or doughnut and bakery store operations. On the date hereof Freedom Rings, LLC; New England Dough LLC; KremeKo Inc. and Glazed Investments, LLC constitute all of the Consolidated Joint Ventures.
Consolidated Joint Venture means each entity which would be consolidated with the Company in accordance with the Accounting Principles that is not directly or indirectly wholly owned by the Company, including, as of the date hereof, those entities set forth on Section 1.01(b) of the Company Disclosure Schedule.
Consolidated Joint Venture of Borrower means a corporation, partnership, limited liability company or other business entity selected by Borrower in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by Borrower, and (y) that is consolidated with Borrower and its Subsidiaries in accordance with GAAP.
Consolidated Joint Venture any Consolidated Subsidiary that is (a) not a Wholly-Owned Subsidiary, and (b) is engaged in Krispy Kreme franchisee or doughnut and bakery store operations.
Consolidated Joint Venture means a corporation, partnership, limited liability company or other business entity selected by the Borrower Representative in its discretion (x) of which 50% or less of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, directly, or indirectly through one or more intermediaries, or both, by MVWC, and (y) that is consolidated with MVWC and its Subsidiaries in accordance with GAAP in an amount not to exceed the greater of (x) $37,500,000 and (y) 5.0% of Consolidated EBITDA.