Equipment Subsidiary definition

Equipment Subsidiary means a Wholly Owned Subsidiary of the Company (or another Person formed for the purposes of engaging in Qualified Equipment Financing with the Company or any Subsidiary of the Company in which the Company or any Subsidiary of the Company makes an Investment and to which the Company or any Restricted Subsidiary of the Company transfers assets of the type specified in the definition of “Equipment Securitization Transaction”) that engages in no activities other than in connection with the financing of assets of the Company and its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto, and any business or activities incidental or related to such business, and that is designed by the Board of Directors (as provided below) as an Equipment Subsidiary and:

Equipment Subsidiary means Triton PCS Equipment Company, L.L.C., a -------------------- Delaware limited liability company.

Equipment Subsidiary means TeleCorp Equipment Leasing L.P. and/or any other Wholly Owned Subsidiary of the Company designated as an Equipment Subsidiary under the Credit Agreement.

Examples of Equipment Subsidiary in a sentence

• The Board is of the opinion that full provision on the net assets value of Medical Equipment Subsidiary attributable to the Group amounting to approximately HK$17,923,000, less the amount of RMB2,000,000 (approximated to HK$2,268,000) as general advance from the Chinese Partner, is considered necessary.

• The remaining 35% equity interest of Medical Equipment Subsidiary is owned by a PRC company called Innova Science & Technology Co., Ltd.

• During the course of external audit of the consolidated financial statements for the year ended 31 December 2008, the Company discovered that the official records of the PRC governmental authorities on the shareholdings of Medical Equipment Subsidiary had been amended without the knowledge of the Company, and that the Company was no longer recorded as an equity owner of the Medical Equipment Subsidiary since 10 December 2007.

• The Company has been consulting PRC lawyers as to the appropriate actions to take so as to protect its interest in Medical Equipment Subsidiary and to implement the necessary steps to formally re-register the Company as a 65% shareholder of Medical Equipment Subsidiary.

• Medical Equipment Subsidiary engages in the business of manufacture and sale of medical equipment.

More Definitions of Equipment Subsidiary

Equipment Subsidiary means Focal Equipment Finance, LLC or any other one or more special purpose Subsidiaries of Company designated as such by Company and approved by the Syndication Agent whose sole purpose and business shall be the purchase of Telecommunica tions Assets for sale or other transfer to Company (pursuant to a sale and repurchase agreement or such other agreement as appropriate, in each case, in form and substance satisfactory to the Syndication Agent and Administrative Agent) within 180 days of such purchase.

Equipment Subsidiary means Riverwood International Machinery, Inc., a Delaware corporation, or any other Subsidiary of the Company engaged solely in the business of manufacturing, acquiring, owning, leasing and financing and refinancing packaging machinery in connection with any Related Business, and any business or activities incidental or related to such business.

Equipment Subsidiary means any Restricted Subsidiary of CNH Global that is engaged in the Equipment Business.

Equipment Subsidiary means Triton PCS Equipment Company LLC and/or -------------------- any Wholly Owned Subsidiary of the Borrower designated by the Borrower as the Equipment Subsidiary by notice to the Administrative Agent; provided, however, -------- ------- that (i) such Subsidiary has no obligations or liabilities other than as permitted by Section 3.13, (ii) the stock of such Subsidiary is pledged to the Collateral Agent for the benefit of the Lenders in accordance with the terms of the Pledge Agreement and (iii) the Borrower and such Subsidiary have entered into a Special Purpose Subsidiary Funding Agreement.

Equipment Subsidiary means any Wholly Owned Restricted Subsidiary of the Borrower designated as an Equipment Subsidiary by notice to the Administrative Agent; provided, however, that (i) such Restricted Subsidiary has no obligations or liabilities other than as permitted by Section 3.13, (ii) all the outstanding Capital Stock of such Restricted Subsidiary is pledged to the Collateral Agent for the benefit of the Lenders in accordance with the terms of the Pledge Agreement, (iii) the Borrower and such Restricted Subsidiary have entered into a Special Purpose Subsidiary Funding Agreement and (iv) such subsidiary has granted to the Administrative Agent on behalf of the Lenders a first priority perfected security interest in all its assets; and provided further that at any time such Subsidiary does not own any Base Stations, such Subsidiary shall be deemed not to be an Equipment Subsidiary until such time as such Subsidiary owns one or more Base Stations.

Equipment Subsidiary means any Wholly Owned Subsidiary of the Company designated as an Equipment Subsidiary under the Company Credit Agreement.

Equipment Subsidiary means Telecorp Equipment Leasing L.P. and/or -------------------- any other Wholly Owned Restricted Subsidiary of the Borrower designated as an Equipment Subsidiary by notice to the Administrative Agent; provided, however, -------- ------- that (i) such Restricted Subsidiary has no obligations or liabilities other than as permitted by Section 3.13, (ii) all the outstanding Capital Stock of such Restricted Subsidiary is pledged to the Collateral Agent for the benefit of the Lenders in accordance with the terms of the Pledge Agreement, (iii) the Borrower and such Restricted Subsidiary have entered into a Special Purpose Subsidiary Funding Agreement and (iv) such subsidiary has granted to the Administrative Agent on behalf of the Lenders a first priority perfected security interest in all its assets.