Equity Subsidiary definition

Equity Subsidiary means any Subsidiary of the Company or any other entity for which the Company is entitled to account under principles of equity accounting and with respect to which the Company has previously delivered to the Trust and the PD Trust a certificate of the Company's chief financial officer stating that the Company is entitled to use such accounting treatment. EVENT OF DEFAULT, as used with respect to the Second Bond, has the meaning assigned to it in Section 3.1 of the Second Bond.
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Equity Subsidiary means any Subsidiary of NHLP that is accounted for on the financial statements of NHLP using the equity method of accounting as required by GAAP.
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Equity Subsidiary means any Subsidiary of Manville or any other entity for which Manville is entitled to account under principles of equity accounting and with respect to which Manville has previously delivered to the Trust and the PD Trust a certificate of Manville's chief financial officer stating that Manville is entitled to use such accounting treatment. Event of Default, as used with respect to the Second Bond, has the meaning assigned to it in Section 3.1 of the Second Bond.
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Examples of Equity Subsidiary in a sentence

  • Any insurance payments received from policies maintained by the Owner Lessor, the Equity Subsidiary, the Equity Subsidiary Holding Company, the Equity Investor or the Lease Indenture Trustee pursuant to the previous sentence shall be retained by such Person, without reducing or otherwise affecting the Facility Lessee's obligations hereunder.

  • The Certificates do not represent a direct obligation of, or an obligation guaranteed by, or an interest in, the Company, the Owner Lessor, the Owner Participant, the Equity Investor, the Equity Subsidiary, the Equity Subsidiary Holding Company, the Pass Through Trust Company or the Pass Through Trustee or any affiliate thereof.

  • Notwithstanding the foregoing, no Equity Subsidiary shall be required to grant any collateral security in any of its assets under the Guarantee and Security Agreement, but shall only be required to be a Subsidiary Guarantor thereunder.

  • No transfer of property has been or will be made by any Credit Party or Equity Subsidiary in connection with the transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of any Credit Party or Equity Subsidiary.

  • No Credit Party or Equity Subsidiary has made an assignment for the benefit of creditors or taken advantage of any insolvency act for the benefit of debtors.

  • As such, the Budget, Project Plan, and Products contemplated hereunder may have to be modified to account for potential changes in the Protocol, comments from the FDA, etc.

  • ADDITIONAL GUARANTOR By: Name: Title: SCHEDULE 1 Pledged Equity Subsidiary Jurisdiction Name of Parent(s) Percentage Ownership by Parent(s) 1.

  • No petition in bankruptcy has been filed by any Credit Party or Equity Subsidiary or, to the Borrower’s Knowledge, against any Credit Party or Equity Subsidiary.

  • At any time the Owner Lessor (either directly or in the name of the Owner Participant, the Equity Subsidiary, the Equity Subsidiary Holding Company or the Equity Investor) or the Lease Indenture Trustee may at its own expense and for its own account carry insurance with respect to its respective interest in the Facility, provided that such insurance does not in any way interfere with the Facility Lessee's ability to obtain insurance with respect to the Facility described in this Section 11.

  • There is no proposed tax assessment against any Loan Party, the Carveout Guarantor or an Equity Subsidiary or any basis for such assessment which is material and overdue and is not being contested in good faith.


More Definitions of Equity Subsidiary

Equity Subsidiary means any Subsidiary as to which the Administrative Agent is receiving a pledge of all or some component of the Equity Interests therein pursuant to Section 5.01.
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Equity Subsidiary means PSEGR Conemaugh, LLC, a Delaware limited liability company.
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Equity Subsidiary has the meaning assigned to such term in Section 1.01 of the Sale and Servicing Agreement.
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Equity Subsidiary. A Wholly Owned Subsidiary of the Borrower formed for the purpose of holding Equity Investments and that does not hold any property other than Equity Investments constituting Eligible Assets (a) whose outstanding equity interests have been pledged to the Collateral Custodian pursuant to the Guarantee and Security Agreement, (b) that has no Indebtedness other than Indebtedness under the Guarantee and Security Agreement, (c) that satisfies the “special purposes entity” covenants and other requirements set forth in Section 4.1 of the Trust Agreement (mutatis mutandis, as if such Equity Subsidiary were the Borrower) and (d) as to which the Borrower has delivered an opinion in form and scope satisfactory to the Administrative Agent to the effect that such Subsidiary will not be substantively consolidated with the Borrower or any of its other Subsidiaries in a bankruptcy or insolvency proceeding.
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Equity Subsidiary means each wholly owned Subsidiary of Shurgard Europe that is appointed under a Property and Asset Management Agreement or a Development Agreement to manage and develop a Property located in the jurisdiction of its incorporation. EURIBOR means for an Interest Period of any Loan or overdue amount in euro:
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Related to Equity Subsidiary

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • Non-U.S. Subsidiary means any Subsidiary that is not a U.S. Subsidiary.

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

  • 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.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Company.

  • Wholly Owned Restricted Subsidiary of any Person means any Wholly Owned Subsidiary of such Person which at the time of determination is a Restricted Subsidiary of such Person.

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

  • Financing Subsidiary means (a) any Structured Subsidiary or (b) any SBIC Subsidiary.

  • Consolidated Subsidiary means with respect to any Person at any date any Subsidiary of such Person or other entity the accounts of which would be consolidated with those of such Person in its consolidated financial statements if such statements were prepared as of such date in accordance with GAAP.

  • 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.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.

  • Parent Subsidiary means any Subsidiary of Parent.

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

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Major Subsidiary means a subsidiary of an issuer if

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • SBIC Subsidiary means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is (x) either (i) a “small business investment company” licensed by the SBA (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) under the Small Business Investment Act of 1958, as amended, or (ii) any wholly-owned, direct or indirect, Subsidiary of an entity referred to in clause (x)(i) of this definition, and (y) designated in writing by the Borrower (as provided below) as an SBIC Subsidiary, so long as:

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • Excluded Subsidiary means (a) any Subsidiary that is not a wholly-owned direct or indirect Domestic Subsidiary of Holdings, (b) any Subsidiary that is prohibited or restricted by applicable Law or by Contractual Obligations permitted by this Agreement in existence at the time of acquisition of such Subsidiary but not entered into in contemplation thereof, from guaranteeing the Obligations or if guaranteeing the Obligations would require governmental (including regulatory) consent, approval, license or authorization, unless such consent, approval, license or authorization has been received, or for which the provision of a Guarantee would result in material adverse tax consequences to the Borrower or one of its subsidiaries as reasonably determined by the Borrower and agreed in writing by the Administrative Agent, (c) any other Subsidiary with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the burden or cost of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (d) any not-for-profit Subsidiaries or captive insurance Subsidiaries, (e) any Unrestricted Subsidiaries, (f) any Securitization Subsidiary, (g) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary of Holdings that is a CFC, (h) any direct or indirect Domestic Subsidiary of Holdings that is a FSHCO, (i) [reserved], (j) captive insurance Subsidiaries, (k) any Subsidiary that is not a Material Subsidiary and (l) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment that has assumed secured Indebtedness permitted under Section 7.03(g)(i) and not incurred in contemplation of such Permitted Acquisition or other Investment, in each case to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor (so long as such prohibition is not incurred in contemplation of such Permitted Acquisition or other Investment). For the avoidance of doubt, the Borrower shall not constitute an Excluded Subsidiary.

  • Eligible Subsidiary means each Subsidiary of the Parent set forth on Exhibit A hereto, as the same may be updated from time to time with Laurus’ written consent.

  • Restricted Entity means (a) the Borrower and (b) each Restricted Subsidiary.