Exempt Subsidiary definition

Exempt Subsidiary means any one of such entities.
Exempt Subsidiary means any Restricted Subsidiary that shall have had aggregate EBITDA of less than $250,000 for the period of the most recent four consecutive fiscal quarters for which internal financial statements are available ending prior to the date of the issuance or sale of its Capital Stock giving rise to such determination; provided, however, that such sale or issuance is pursuant to a plan or program for the sale or issuance of Capital Stock a majority of which is sold to local management or to local strategic investors.
Exempt Subsidiary. Consolidated Subsidiary includes any Exempt Subsidiary.

Examples of Exempt Subsidiary in a sentence

  • Amounts will be restored to the authorized Development Activities amount when a Subsidiary for which such amounts were expended becomes an Exempt Subsidiary.

  • Neither any Exempt Subsidiary nor TTSI owns any Hydrocarbon Interests with which Proved Reserves are associated.

  • In addition, an industry standard SOC2 security audit has been conducted at implementation with additional SOC2 audits to be completed along with intrusion testing annually.

  • For purposes of this section, the consolidated revenues of each Exempt Subsidiary in each fiscal year shall be determined in accordance with generally accepted accounting principles by the Borrower and furnished to the Administrative Agent within 90 days after the end of the fiscal year of the Borrower.

  • Thus overall, the recruiting intervention increased employment specifically for the set of younger women it was targeted towards, and only those women.24 It is these gains that we predict could have effects on investments in girls.


More Definitions of Exempt Subsidiary

Exempt Subsidiary has the meaning specified in Section 6.14.
Exempt Subsidiary means (i) the Subsidiaries disclosed to the Administrative Agent on or prior to the Effective Date and (ii) any other entity of which the Company owns a sufficient number of securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other governing body that is designated as such pursuant to an Officer’s Certificate; provided that no such designation may be made unless, as of the end of the most recent fiscal quarter prior to such designation, the book value, net of depreciation and amortization and after intercompany eliminations, of the assets of such entity, when aggregated with the book values, net of depreciation and amortization and after intercompany eliminations, of the assets of all Exempt Subsidiaries, other than those Subsidiaries described in clause (i) above, does not exceed 7% of the book value of the total assets of the Company and its Consolidated Subsidiaries. Exempt Subsidiary includes any direct or indirect subsidiary of an Exempt Subsidiary.
Exempt Subsidiary means a Subsidiary formed or acquired by a Credit Party after the Closing Date in connection with an Exempt Acquisition.
Exempt Subsidiary means Lockheed Xxxxxx Finance Corporation, CalComp Technology, Inc., Space Imaging LLC, Space Imaging Inc. and any other entity of which the Company owns a sufficient number of securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other governing body that is designated as such pursuant to an Officer’s Certificate; provided that no such designation may be made unless, as of the end of the most recent fiscal quarter prior to such designation, the book value, net of depreciation and amortization and after intercompany eliminations, of the assets of such entity, when aggregated with the book values, net of depreciation and amortization and after intercompany eliminations, of the assets of all Exempt Subsidiaries, other than Lockheed Xxxxxx Finance Corporation and CalComp Technology, Inc., does not exceed 6% of the book value of the total assets of the Company and its Consolidated Subsidiaries. Exempt Subsidiary includes any direct or indirect subsidiary of an Exempt Subsidiary.
Exempt Subsidiary means (i) AWE Management Limited and its subsidiaries and (ii) any other entity of which the Company owns a sufficient number of securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other governing body that is designated as such pursuant to an Officer’s Certificate; provided that no such designation may be made unless, as of the end of the most recent fiscal quarter prior to such designation, the book value, net of depreciation and amortization and after intercompany eliminations, of the assets of such entity, when aggregated with the book values, net of depreciation and amortization and after intercompany eliminations, of the assets of all Exempt Subsidiaries, other than AWE Management Limited and its subsidiaries, does not exceed 7% of the book value of the total assets of the Company and its Consolidated Subsidiaries. Exempt Subsidiary includes any direct or indirect subsidiary of an Exempt Subsidiary.
Exempt Subsidiary means (a) a Tax Preferred Subsidiary or (b) an Inactive Subsidiary.
Exempt Subsidiary means Lockheed Martin Finance Corporation, Martin Marietta Materials, Inc. and any other entity of which Company owns a sufficient number of securities having ordinary voting power to elect a majority of the board of directors or other governing body, the book value, net of depreciation, amortization and intercompany eliminations, of the assets of which, when aggregated with the book values, net of depreciation, amortization and intercompany eliminations, of the assets of any other Exempt Subsidiary other than Lockheed Martin Finance Corporation or Martin Marietta Materials, Inc., do not exceed a specified percentage of the value of total assets of Company and its consolidated subsidiaries, and which are designated as such by Company.