Designated Parent definition

Designated Parent means any Parent of the Company which is specifically designated as eligible to participate in the Plan by the Committee from time to time in its sole discretion.

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Designated Parent means any Parent which has been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.

Designated Parent means any Parent which has been designated from time to time by the Committee to participate in the Plan.

Examples of Designated Parent in a sentence

• Such Borrower will not at any time have any Subsidiaries other than, with respect to each Designated Parent Borrower only, its Designated Subsidiaries.

• If not a Designated Parent Borrower, such Borrower, or to the extent such Borrower is a series of a Delaware LLC, a Trust or a Maryland corporation, such Delaware LLC, such Trust or such Maryland corporation on behalf of such Borrower, has no Subsidiaries and no equity investments or any interest in any other Person other than portfolio securities (including investment company securities) which may have been acquired in the ordinary course of business.

• If it is a Designated Parent Borrower, such Borrower will not permit its Designated Subsidiaries to engage in any business or activity other than those permitted under such Designated Parent Borrower’s Prospectus.

• In lieu of such fractional shares, any holder of capital stock of the Company who would otherwise be entitled to receive a fraction of a share of Parent Common Stock (after aggregating all fractional shares of Parent Common Stock issuable to such holder) shall, upon surrender of such holder's Company Stock Certificate(s), be paid in cash the dollar amount (rounded to the nearest whole cent), without interest, determined by multiplying such fraction by the Designated Parent Stock Price.

• Any Transfer by a Designated Parent Stockholders of such shares and securities without compliance with this Section 3(b) of this Agreement shall be null and void and such transferee shall have no rights as a stockholder of VoiceStream.

• This Agreement shall be binding upon the successors, assigns and, to the extent set forth in Section 3(b) hereof with respect to Designated Parent Stockholders, transferees of the parties hereto, and the parties hereto shall take any and all actions necessary to obtain the written confirmation from any such successor, assignee and, to the extent set forth in Section 3(b) hereof with respect to Designated Parent Stockholders, transferee that it is bound by the terms hereof.

• Except as set forth in the Designated Parent SEC Reports, since the date of Parent’s last proxy statement filed with the SEC, no event has occurred that would be required to be reported by Parent pursuant to Item 404 of Regulation S-K promulgated by the SEC.

• Notwithstanding the preceding sentence, for purposes of the payment of Escrow Shares in satisfaction of such indemnification obligations, the Escrow Shares shall be valued at the Designated Parent Stock Price.

• For purposes of this Section 1.11, the "Designated Parent Stock Price" shall be the weighted average of the closing sale prices of a share of Parent Common Stock as reported on the Nasdaq SmallCap Market for each of the 20 consecutive trading days ending on the 10th day immediately preceding the Closing Date.

• In addition to the other termination rights provided elsewhere in this Agreement, in the event the Designated Parent Stock Price (as defined below) is less than $3.25 or greater than $6.25, this Agreement may be terminated by either Parent, or the Company, upon written notice delivered not less than three (3) business days prior to the Closing Date.

More Definitions of Designated Parent

Designated Parent means the Parent Corporation of the Company if so specifically designated as eligible to participate in the Plan by the Board in its sole discretion.

Designated Parent means any Parent designated by the Board in accordance with Section 2.1.

Designated Parent means any Parent of the Company which is specifically designated as eligible to participate in the Plan by the

Designated Parent means, (a) initially, the Issuer and (b) any other direct or indirect parent of the Designated Parent designated as the new “Designated Parent” by the Issuer, provided that (i) such new Designated Parent (if other than the Issuers) executes and delivers to the Trustee a supplemental indenture pursuant to which such new Designated Parent guarantees payment of the Notes and assumes all the obligations of the Designated Parent under this Indenture, (ii) the Issuer provides an Officers’ Certificate to the Trustee designating such Person as the Designated Parent, (iii) immediately after giving effect to such designation, no Default shall have occurred and be continuing and (iv) such new Designated Parent shall own, directly or indirectly, 100% of the Issuer’s Voting Stock. Upon any such designation of a new Designated Parent, the Person who was formerly the Designated Parent shall cease to be the Designated Parent and all references in this Indenture to the Designated Parent shall be references to the new Designated Parent only. Notwithstanding anything herein to the contrary, upon the designation of any new Designated Parent, such new Designated Parent shall be deemed to have been the Designated Parent since the Issue Date for the purpose of all calculations of amounts under this Indenture.

Designated Parent means, (a) initially, the Lux Borrower, until a new person is designated as the Designated Parent pursuant to Section 2.26(a) and (b) thereafter, the person that is then designated as the Designated Parent pursuant to Section 2.26(a).