Former Subsidiary definition

Former Subsidiary means any former subsidiary of the Company that ceases to be as such due to a Spin-Off.

Former Subsidiary. “Former Subsidiary” shall mean Praise U.S. Holdings, Inc., a Delaware corporation.

Former Subsidiary has the meaning assigned to it in Section 4.2.

Examples of Former Subsidiary in a sentence

• Both of the parent company of the acquirer and the acquirer of the Former Subsidiary have agreed to procure the repayment of the loan and agreed unconditionally to undertake and indemnify the Group for all losses as a result of the Guarantee.

• Subsequently, the Former Subsidiary was sold by CCP in 2008, but the Company remained as the guarantor for the bank loan following the disposal (see note 7(c) for details of receivables due from the Former Subsidiary arising from such disposal).

• Former Subsidiary Company lighting units provided under contracts initiated prior to April 9, 1986, which facilities will only be maintained by Company so long as parts are available in Company's present stock:Per Unit Lamp and Fixture Term of Contract Minimum term of three (3) years where only standard facilities are installed; ten (10) years where post-top luminaires are installed.

• Subsequently, the Former Subsidiary was sold by CCP in 2008, but the Company remained as the guarantor for the bank loan following the disposal (see note 6(c) for details of receivables due from the Former Subsidiary arising from such disposal).

• A naive approach for guaranteeing soundness of a whole process family would be to apply all possible combinations of options to the base process and then to check soundness for each of the resulting process models.

More Definitions of Former Subsidiary

Former Subsidiary means a Subsidiary that agreed to be bound by the terms and conditions of this Agreement and thereafter ceased to meet all requirements of the definition of Subsidiary set forth herein, so long as, on the date upon which the Former Subsidiary ceased to meet the definition of Subsidiary, the Former Subsidiary has all of the following:

Former Subsidiary means a corporation, partnership, limited liability company or other entity that, after meeting all the requirements of being a Subsidiary, ceased to meet all the requirements of a Subsidiary, so long as, immediately prior to the date upon which that Subsidiary ceased to meet such requirements, that Subsidiary has all of the following:

Former Subsidiary means any entity that ceases to be a Subsidiary of a party during the term of this Agreement.

Former Subsidiary means TODCO, a Subsidiary of the Borrower prior to the Closing Date and which is no longer a Subsidiary of the Borrower on the Closing Date.

Former Subsidiary any person which was an Affiliate of any Group Company at any time prior to the date hereof and is not an Affiliate at the date hereof, including, without prejudice to the generality of the foregoing, Korona BV, Ervex Xxxxxxx XX (formerly Torag Trading BV) Momm Jewels BV, Torag Trading S.A.R.L., Print House c.s. Ltd, NV Buxushof, NV Lay-out Engineering and Lambxxxx X.X;

Former Subsidiary means GIDI Holdings, Inc., an Illinois corporation, and a former wholly owned subsidiary of Pledgor.

Former Subsidiary means a Person that, after meeting all the requirements of being a Covered Subsidiary set forth in Section 1.8 (including without limitation agreeing to be bound by the terms of this Agreement), ceased to meet all the requirements of being a Subsidiary set forth in Section 1.19.