Holding Company Loan definition

Holding Company Loan means any loan (or participation thereof) that is an obligation only of one or more holding companies not owning material operating assets, the source of funds for the repayment of which is anticipated to be dividends from operating Subsidiaries of the Obligor thereunder, and that is not guaranteed by such operating Subsidiaries.
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Holding Company Loan means any loan (or participation thereof) that is an obligation only of one or more holding companies not owning material operating assets, the source of funds for the repayment of which is anticipated to be dividends from operating Subsidiaries of the Obligor thereunder, and that is not guaranteed by such operating Subsidiaries. "Holdings" has the meaning assigned to that term in the preamble hereto. "Holdings AML and International Trade Default" means any one of the following events: (a) that any representation contained in Section 4.06(m) is or becomes false at any time; or (b) in the case of the Borrower, fails to comply with the covenant contained in Section 11.19(d)(ii) in any material respect at any time. "Holdings Covered Entity" means each of (a) Holdings and its subsidiaries, any guarantors or pledgors of collateral under this Agreement or any Transaction Document relating to the Portfolio Assets, and (b) each Person that, directly or indirectly, is in control of a Person described in clause (a) above. For purposes of this definition, control of a Person shall mean the direct or indirect (i) ownership of, or power to vote, 25% or more of the issued and outstanding Equity Interests having ordinary voting power for the election of directors or managers, as applicable, of such Person or other Persons performing similar functions for such Person or (ii) power to direct or cause the direction of the management and policies of such Person whether by ownership of Equity Interests, contract or otherwise. "Incremental Commitment" has the meaning assigned to that term in Section 2.15(a). "Incremental Lender" has the meaning assigned to that term in Section 2.15(b).
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Examples of Holding Company Loan in a sentence

  • The interest expenses were charged based on the London Interbank Offered Rate plus 3.5% per annum on the Holding Company Loan, which is unsecured and repayable on 17 August 2013.

  • The interest expenses on the Intermediate Holding Company Loan were charged based on the London Interbank Offered Rate plus 3.5% per annum, which is unsecured and repayable on 17 November 2014.

  • The consolidated financial statements have been prepared on a going concern basis, the validity of which is dependent on the Group extending the repayment date of the Intermediate Holding Company Loan or obtaining other financial resources as detailed in note 2 to the financial statements.

  • Notwithstanding the foregoing, up to the date of this announcement, the Group is still in discussion with the Ultimate Holding Company, the parent company of EPGL, for the extension of the repayment date of the Intermediate Holding Company Loan and Immediate Holding Company Loan.

  • Each Holding Company Loan Party is a holding company of the Equity Interests of its first-tier Subsidiaries and does not engage in any operations or business except for the ownership of its first-tier Subsidiaries and as provided in Section 6.14 hereof.

  • Speech perception in noise and sound localization ability were evaluated using age-appropriate materials.

  • Up to the date of this report, the Group is still in discussion with the Ultimate Holding Company, the parent company of EPGL, concerning a further extension of the repayment date of the Intermediate Holding Company Loan from 17 August 2014 to a later date.

  • Notwithstanding the foregoing and up to the date of these financial statements, the Group is still in discussion with the Ultimate Holding Company, the parent company of EPGL, concerning a further extension of the repayment date of the Intermediate Holding Company Loan.

  • The Holding Company Loan shall have been restructured as described in the Private Placement Memorandum at pages 12 and 15, and the holder thereof shall have waived any previous defaults.

  • The Group had net current liabilities of approximately HK$438,280,000 as at 31 December 2014, of which HK$312,000,000 and HK$62,400,000 represented Intermediate Holding Company Loan and a loan from Sino-Capital, which are repayable on 17 May 2015 and 26 March 2015, respectively and Convertible Bonds of HK$166,981,000 held by Noteholder, a company in which a Director has an indirect interest, which will mature on 17 August 2015.

Related to Holding Company Loan

  • CFC Holding Company means each Domestic Subsidiary that is treated as a partnership or a disregarded entity for United States federal income tax purposes and that has no material assets other than assets that consist (directly or indirectly through disregarded entities or partnerships) of Equity Interests or indebtedness (as determined for United States tax purposes) in one or more CFCs.

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a Delaware limited liability company that is treated as a disregarded entity for U.S. federal income tax purposes, the primary asset of which consists of Equity Interests in either (i) one or more Foreign Subsidiaries or (ii) a Delaware limited liability company the primary asset of which consists of Equity Interests in one or more Foreign Subsidiaries.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467(a) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.

  • Public utility holding company means: (1) any company that,

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • 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;

  • Renewable Energy Certificate or "REC" means a certificate

  • Original Borrower means, as the context requires, any of them;

  • Solar renewable energy certificate or "SREC" means a

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;