Disposed Entity definition

Disposed Entity means any business, assets or Person subject to a Disposition.
Disposed Entity has the meaning assigned to such term in Section 5.01(a).
Disposed Entity shall have the meaning provided in Section 10(b) of this Intercompany Subordination Agreement.

Examples of Disposed Entity in a sentence

  • The Company shall have executed the Disposed Entity Undertaking pursuant to the Deed of General Indemnity dated July 22, 1996 among THORN EMI plc and Thorn in the form of Schedule 5 to such Deed of General Indemnity.

  • The Purchase Consideration was derived based on a willing-buyer and willing-seller basis taking into account the net tangible liabilities of the Disposed Entity.

  • The principal activities of the Disposed Entity are the distribution of telecommunications products, the design and development of telecommunications solutions, project management, and maintenance and support services for the telecommunications industry.

  • Based on its audited accounts as at 31 December 2010, the net tangible liabilities of the Disposed Entity before and after adjusting for the Debt Waiver (as set out in Section3.4 below) amount to HKD2,051,181 (approximately SGD338,024) and HKD251,154 (approximately SGD41,389) respectively.

  • The unfavourable bottom-line results of the Disposed Entity were recorded on the back of revenue of HKD7.0 million (approximately SGD1.1 million) for the financial year ended 31 December 2009, a decline of 33% from that recorded in the previous year.

  • Further, as at 31 December 2010, the Disposed Entity had a cumulative audited loss of HKD2,061,181 (approximately SGD324,677).

  • The Disposal will relieve the Company from future exposure to potential further financial losses of the Disposed Entity and allow the Company to redeploy its working capital, which would otherwise be needed to fund potential future losses, more efficiently towards supporting the delivery of the growth and development strategies of the Group.

  • Revenue of the Disposed Entity had further declined by 57% to HKD3.0 million (approximately SGD0.5 million) for the most recent year ended 31 December 2010.

  • There is no remaining Liability on the part of any Transferred Subsidiary in connection with the sale, transfer or liquidation of each Disposed Entity.

  • The Disposed Entity has recorded audited net losses of HKD1,455,271 (approximately SGD229,234) and HKD1,481,727 (approximately SGD233,402) respectively for the financial years ended 31 December 2009 and 2010.


More Definitions of Disposed Entity

Disposed Entity has the meaning assigned to it in Section 2.04.
Disposed Entity has the meaning given to that term in Clause 23.1 (Financial definitions).
Disposed Entity means an entity the subject of a Business Disposal (and for such purpose, where the subject of a Business Disposal is a business, such business shall be deemed to constitute a separate legal entity and cease to be a Group Member upon the date of closing of such Business Disposal, and such separate legal entity shall be a Disposed Entity, and the definition of Adjusted EBITDA shall apply accordingly).
Disposed Entity means the subject of a Business Disposal.
Disposed Entity means an entity the subject of a Permitted Disposal which entity was a Group Member prior to such Permitted Disposal but ceases to be a Group Member and ceases to be owned by a Group Member pursuant to such Permitted Disposal (and for such purpose, where the subject of a Permitted Disposal is a business, such business shall be deemed to constitute a separate legal entity and cease to be a Group Member upon the date of closing of such Permitted Disposal, and such separate legal entity shall be a “Disposed Entity”, and the definition ofAdjusted EBITDA” shall apply accordingly).
Disposed Entity has the meaning given to it in clause 20.6.1(iv) (Distressed Disposals) of the Borrower STID;

Related to Disposed Entity

  • Excluded Entity means a corporation or other entity of which the holders of voting capital stock of the Company outstanding immediately prior to such transaction are the direct or indirect holders of voting securities representing at least a majority of the votes entitled to be cast by all of such corporation’s or other entity’s voting securities outstanding immediately after such transaction.

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • Restricted Entity means any "employee benefit plan" as defined in and subject to ERISA, any "plan" as defined in and subject to Section 4975 of the Code, or any entity any portion or all of the assets of which are deemed pursuant to United States Department of Labor Regulation Section 2510.3-101 or otherwise pursuant to ERISA or the Code to be, for any purpose of ERISA or Section 4975 of the Code, assets of any such "employee benefit plan" or "plan" that invests in such entity.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

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

  • Hybrid Entity means a single legal entity that is a covered entity and whose business activities include both covered and non-covered functions, and that designates health care components in accordance with 45 C.F.R. § 164.105(a)(2)(iii)(C). A Hybrid Entity is required to designate as a health care component, any other components of the entity that provide services to the covered functions for the purpose of facilitating the sharing of Protected Health Information with such functions of the hybrid entity without business associate agreements or individual authorizations. The District of Columbia is a Hybrid Covered Entity. Hybrid Entities are required to designate and include functions, services and activities within its own organization, which would meet the definition of Business Associate and irrespective of whether performed by employees of the Hybrid Entity, as part of its health care components for compliance with the Security Rule and privacy requirements under this Clause.

  • Acquired Entity means any entity acquired by the Company or a Related Company or with which the Company or a Related Company merges or combines.

  • Subsidiary Entity means a person that is controlled directly or indirectly by another person and includes a subsidiary of that subsidiary;

  • Company Subsidiary means any Subsidiary of the Company.

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.

  • 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.

  • 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.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.

  • Restricted Group means, collectively the Company, its subsidiaries, the members of the Sponsor Group and their respective Affiliates.

  • Exposed group means all employees at a work location, working area, or a common area at work, where an employee COVID-19 case was present at any time during the high-risk exposure period. A common area at work includes bathrooms, walkways, hallways, aisles, break or eating areas, and waiting areas. The following exceptions apply:

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • Exposed person means any person wholly or partially in a danger zone;

  • Consolidated Entity means at any date any Subsidiary, and any other entity the accounts of which would be combined or consolidated with those of the Borrower in its combined or consolidated financial statements if such statements were prepared as of such date.

  • Excluded Affiliate means any Affiliate of any Agent that is engaged as a principal primarily in private equity, mezzanine financing or venture capital.

  • Insignificant Subsidiary means, on any date, any Subsidiary of Caterpillar or CFSC whose aggregate asset value, as reasonably calculated by Caterpillar in accordance with generally accepted accounting principles, is at less than or equal to $50,000,000 on such date.

  • Parent Subsidiary means any Subsidiary of Parent.

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

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Subject Entity means any Person, Persons or Group or any Affiliate or associate of any such Person, Persons or Group.