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 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.

  • For example, the costs associated with custodians were included in the management fees for some funds, or charged separately as operating expenses for other funds; • The prospectuses we reviewed generally did not include the detail necessary for investors to know the specific costs and services paid for out of management fees relative to those charged to funds as operating expenses.

  • 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.

  • Upon completion of the Sales, Newforest will assume all the rights and benefits of both of the Intermediate Holding Company Loan and the Immediate Holding Company Loans.

  • 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.

  • Das Xx. Xxxxxx Xxxxxx Xx. Xxxxxx Xxxxxxxx Xx. Xxx Xxxxxx Xx. Xxxxxxxx Xxxxxx Xx. Xxxxxxxx Xxxxxxxx 1 & 8 2 3 6 7 5 4 49,940 10 shares 10 shares 10 shares 10 shares 10 shares 10 shares 50,000 99.88 0.02 0.02 0.02 0.02 0.02 0.02 % % % % % % % None Novelis Aluminum AL Holding Company Loan Novelis Inc.

  • The Group’s outstanding borrowings as at 30 June 2014 represented an Intermediate Holding Company Loan amounting to HK$312,000,000 (31 December 2013: HK$312,000,000), loans from Sino-Capital amounting to HK$93,830,000 (31 December 2013: HK$89,700,000), interest bearing bank borrowing amounting to HK$195,000,000 (31 December 2013: HK$195,000,000) and finance lease payables of HK$25,290,000 (31 December 2013: HK$30,317,000).

  • 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.

  • AAJCA0858J Arihant Superstructures Limited AABCS1848L Holding Company Loan 1495.00 NA 1495.00 840.11 2335.11 83 Arihant Aashiyana Pvt.

  • The interest on Government of National Capital Territory of Delhi (GNCTD) loan has been calculated based on scheduled repayment schedule.The interest on Holding Company Loan has been worked out based on the details provided by the Petitioner.

Related to Holding Company Loan

  • CFC Holding Company means a Subsidiary, substantially all of the assets of which consist of Equity Interests or Indebtedness of (a) one or more CFCs or (b) one or more CFC Holding Companies.

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

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • 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”.

  • Foreign Holding Company means any Domestic Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries or other Foreign Holding Companies.

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

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

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

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

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

  • Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • Bidding Company shall refer to such single company that has made a Response to RFP for the Project;

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).

  • 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.

  • Holding Company Act means the Public Utility Holding Company Act of 1935, as amended.

  • Domestic Foreign Holding Company means any Domestic Subsidiary that is a disregarded entity for U.S. federal income tax purposes with no material assets other than Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries and other assets incidental thereto.

  • 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.

  • Subsidiary Loan means any loan made pursuant to a Subsidiary Loan Agreement.

  • 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;

  • Subsidiary Loan Agreement means the agreement to be entered into between the Borrower and ECTEL pursuant to Section 3.01(b) of this Agreement, as the same may be amended from time to time; and such term includes all schedules to the Subsidiary Loan Agreement;

  • General Motors Financial Company, Inc. means General Motors Financial Company, Inc. (f/k/a AmeriCredit Corp.).