Holding Subsidiary definition

Holding Subsidiary means a subsidiary, 100% of the Equity Interest of which is owned by the Risk Retention Sponsor and which does not carry on any trade, business or other activity, or hold any assets, other than (i) holding the Risk Retention Sponsor’s Equity Interests in Pkg 8 Parent or Pkg 10 Parent; (ii) holding 100% of the Equity Interest of any entity established for the sole purpose of holding the Risk Retention Sponsor’s Equity Interests in Pkg 8 Parent or Pkg 10 Parent; or (iii) holding any other assets or carrying on activities which are incidental to holding such Equity Interest as is specified in (i) or (ii).

Holding Subsidiary as defined in Section 6.8.

Holding Subsidiary has the meaning set forth in Exhibit G.

Examples of Holding Subsidiary in a sentence

• It shall be the General Partner’s duty and responsibility to duly form and maintain each Title Holding Subsidiary and cause each Title Holding Subsidiary to be and remain in good standing in its state of organization and qualified to do business in each jurisdiction in which it owns property or otherwise conducts business, to obtain appropriate employer and/or tax identification numbers (to the extent required) for the Title Holding Subsidiary, and the like.

• Recourse Indebtedness on assets of the relevant Non-Recourse Holding Subsidiary, Non-Recourse Subsidiary or any Related Subsidiary.

• All certificates representing License Holding Subsidiary Shares listed on Schedule ___ hereto or otherwise delivered to the Collateral Agent by the Company pursuant hereto shall be accompanied by undated, duly executed stock powers in blank, and accompanied by any required transfer tax stamps, all in form and substance reasonably satisfactory to the Collateral Agent but subject to the terms and conditions of the License Holding License Holding Subsidiary Pledge Agreements.

• The operating agreement for each Title Holding Subsidiary shall be in a form approved by the Partners.

• Any provision of this Agreement imposing any duty or responsibility on the Partners, or limiting their respective rights or authority, with respect to Properties owned directly by the Company shall be interpreted to impose the identical duty, responsibility or limitation on them with respect to Properties owned through a Title Holding Subsidiary.

More Definitions of Holding Subsidiary

Holding Subsidiary means an LLC formed under the laws of the State of Delaware, all of the LLC units of which shall be owned by Royal Street, which LLC shall have as its sole purpose to hold the License(s) and assets in a given Market to be used by Royal Street in connection with the Royal Street System in such Market.

Holding Subsidiary means a Guarantor and any Subsidiary of the Partnership which succeeds such Guarantor and which owns or controls, directly or indirectly, Capital Interests of any one or more other Subsidiaries of the Partnership.

Holding Subsidiary is hereby deleted from Section 1.1 of the Credit Agreement.

Holding Subsidiary means any Holding Company beneficially owned, directly or indirectly, by the Company that, individually or together with other Holding Companies, owns or controls, directly or indirectly, Share Capital of any other Person.

Holding Subsidiary means, with respect to any specified Person, any other Person of which each direct or indirect Subsidiary of such specified Person that owns any asset or conducts any business or operations (other than the ownership of securities of one or more affiliated Persons) is a direct or indirect wholly owned Subsidiary.

Holding Subsidiary has the meaning assigned to it in Section 2.21(b)(iv).

Holding Subsidiary means a subsidiary, 100% of the Equity Interest of which is owned by the Risk Retention Sponsor and which does not carry on any trade, business or other activity, or hold any assets, other than (i) holding the Risk Retention Sponsor’s Equity Interests in Pkg 8 Parent or Pkg 10 Parent; (ii) holding 100% of the Equity Interest of any entity established for the sole purpose of holding the Risk Retention Sponsor’s Equity Interests in Pkg 8 Parent or Pkg 10 Parent; or (iii) holding any other assets or carrying on activities which are incidental to holding such Equity Interest as is specified in (i) or (ii). ​