First Tier Subsidiary means any direct Restricted Subsidiary.
First Tier Subsidiary means, with respect to any Person, a Subsidiary of such Person that is directly owned by such Person.
First Tier Subsidiary means a corporation 50% or more of whose stock possessing voting power is owned directly by the Company.
Examples of First Tier Subsidiary in a sentence
First-Tier Subsidiary Pledge Agreement, dated and effective as of February 28, 2003, among TRW Automotive Acquisition Corp., each subsidiary of TRW Automotive Acquisition Corp.
More Definitions of First Tier Subsidiary
First Tier Subsidiary of any Person means a Subsidiary of such Person, 100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares) shall at the time be owned directly by such Person (and not by one or more Subsidiaries of such Person).
First Tier Subsidiary means any Subsidiary of any Person which Subsidiary is directly owned by such Person .
First Tier Subsidiary any direct Subsidiary.
First Tier Subsidiary means FairPoint Broadband, Inc., MJD Ventures, Inc., MJD Services Corp., STE, FairPoint Carrier Services, Inc., FairPoint Logistics, Inc., Enhanced Communications of Northern New England Inc. and Northern New England Telephone Operations LLC and any other Subsidiary first acquired or created after the Closing Date that is a direct Subsidiary of FairPoint.
First Tier Subsidiary means any Subsidiary of European Borrower organized in England, Belgium, Canada, Germany, France, Mexico and Switzerland that, directly or indirectly, owns all of the Capital Stock of the other Subsidiaries of European Borrower organized in the same jurisdiction.
First Tier Subsidiary any direct Subsidiary of the Initial Guarantor.
First Tier Subsidiary means (i) a Subsidiary all of the issued and outstanding capital stock of which is owned directly by the Borrower or (ii) Xxxxx'x of Carolina, Inc.