Holding Company Status definition

Holding Company Status means that the Parent Companies will not engage in any business or activity or own any assets or Property other than (a) the ownership of all outstanding Capital Stock in the Company and taking actions in accordance with the Organizational Documents of the Company and its Subsidiaries as the direct or indirect owner of such Capital Stock, (b) maintaining its corporate existence (and incurring fees, expenses and costs with respect thereto), (c) participating in Tax, accounting and other administrative activities as the parent of the consolidated group of companies, including the Group Members, (d) the execution and delivery of the Loan Documents to which it is a party and the performance of its Obligations thereunder,(e) owning and holding Cash and Cash Equivalents and maintaining Deposit Accounts and other banking services, (f) conducting transactions with its Affiliates permitted pursuant to this Agreement, (g) contributing to the capital of the Company and Guaranteeing Obligations and other obligations of the Company and its Subsidiaries, (h) maintaining insurance, (i) receiving and making Restricted Junior Payments permitted hereby, and (j) activities incidental to the businesses or activities described in clauses (a) through (i) of this definition.

Examples of Holding Company Status in a sentence

  • Investment and Holding Company Status.................................

  • Investment and Holding Company Status............................

  • Investment and Holding Company Status.............................

  • In the XPE Memory Interface Configuration dialog box, fill out the information in the dialog box for one memory interface in your design.

  • Investment and Holding Company Status....................................................

  • Investment and Holding Company Status..............................

  • Investment and Holding Company Status.................................................

  • Investment and Holding Company Status...............................

  • Investment and Holding Company Status..........................................

  • Specifically, OMB approved the following information collections and assigned the corresponding OMB control numbers: Notification of Holding Company Status (FERC–65) (1902–0218); Exemption Notification (FERC–65A) (1902–0216); Waiver Notification (FERC–65B) (1902– 0217) and Annual Report by Service Companies (Form No. 60) (1902–0215).

Related to Holding Company Status

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

  • 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.

  • 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.

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

  • 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.

  • 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.

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

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

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

  • 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.

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

  • 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;

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

  • 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:

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • Subsidiary Companies means all business entities that, at the time in question, are subsidiaries of the Company, within the meaning of section 424(f) of the Code.

  • 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;

  • 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.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Subsidiary Company means any subsidiary company within the meaning of section 7 of the Companies Act 2014 which is a wholly owned entity used by a Fund to hold assets.

  • Parent Companies means Parent and its Subsidiaries;

  • Domestic Foreign Holding Company means any Domestic Subsidiary of the Borrower that owns no material assets (held directly or indirectly through one or more disregarded entities) other than capital stock (or capital stock and/or debt) of one or more Foreign Subsidiaries that are CFCs and/or Domestic Foreign Holding Companies.

  • Controlled group of corporations has the meaning set forth in Code Section 1563.

  • parent mixed financial holding company in a Member State means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in that same Member State;

  • Bidding Company means a Subsidiary of the Company whose capital is beneficially owned by the Company and any other Person or Persons that are not Affiliates of the Company for the sole purpose of directly or indirectly bidding on construction projects.