Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.
Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than fifty per cent.- owned, directly or indirectly, by the Reference Entity. As used herein, "Voting Shares" means the shares or other interests that have the power to elect the board of directors or similar governing body of an entity.
Downstream Affiliate means an entity, at the date of the event giving rise to the Credit Event which is the subject of the Credit Event Notice, the Delivery Date or Valuation Date, as applicable, or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 percent owned, directly or indirectly, by the Reference Entity.
Examples of Downstream Affiliate in a sentence
Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than fifty (50) per cent owned, directly or indirectly, by the Reference Entity.
Flechtner, Preferences, Post-Petition Trans- fers, and Transactions Involving a Debtor’s Downstream Affiliate, 5 BANKR.
No party may assign any of its rights or delegate any of its duties hereunder, except as expressly stated herein or except to a party's Downstream Affiliate.
Flechtner, Preferences, Post-Petition Transfers, and Transactions Involving a Debtor’s Downstream Affiliate, 5 Bankr.
Furthermore, it is scalable and enables expansion to include even more than the five species that we considered in this study.
More Definitions of Downstream Affiliate
Downstream Affiliate means an entity, at the date of the event giving rise to the Credit Event which is the subject of the Credit Event Notice, the Delivery Date or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 per cent. owned, directly or indirectly, by the Reference Entity. "Voting Shares" shall mean those shares or other interests that have the power to elect the board of directors or similar governing body of an entity.
Downstream Affiliate means an entity, whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50%. owned, directly or indirectly, by the Bond Issuer.
Downstream Affiliate means an entity, at the date of the event giving rise to the CEMEX Credit Event which is the subject of the Credit Event Notice or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 percent owned, directly or indirectly, by the Reference Entity.
Downstream Affiliate is any Affiliate of CSF upon whose fees, revenue production, or sales entitle Affiliate to earn Override Consideration.
Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50% owned, directly or indirectly, by the Reference Entity.”(b) (3) is amended by deleting paragraphs (d)(ii) and (iii) in their entirety and replacing them with the following paragraph (d)(ii) and renumbering the paragraphs accordingly in paragraph (d):
Downstream Affiliate means an entity whose outstanding shares or other interests that have the power to elect the board of directors or similar governing body thereof were, at the date of issuance of a Qualifying Affiliate Guarantee, more than 50% owned, directly or indirectly, by the Borrower (or any Successor of the Borrower).
Downstream Affiliate means an entity, as at the date on which the Qualifying Guarantee is provided, whose outstanding Voting Shares are more than 50 per cent. owned, directly or indirectly, by the Reference Entity.