Indirect Subsidiary definition

Indirect Subsidiary has the meaning given such term in the definition of "Subsidiary Pledge Agreement."

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Indirect Subsidiary means a corporation which, from its incorporation until consummation of a merger governed by this section, was at all times a direct wholly owned subsidiary of the holding company.

Indirect Subsidiary means any corporation of which a Participating Employer directly and constructively owns at least eighty percent (80%) of the total combined voting power of all classes of its stock entitled to vote. In determining the amount of stock of a corporation that is constructively owned by a Participating Employer, stock owned, directly or constructively, by a corporation shall be considered as being owned proportionately by its shareholders according to such shareholders' share of voting power of all classes of its stock entitled to vote.

Examples of Indirect Subsidiary in a sentence

• Rover Birmingham MINI of Birmingham ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Way Irondale, AL ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Way Irondale, AL ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Way Irondale, AL ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ Way Irondale, AL SRE Alabama — 2, LLC SRE Alabama — 2, LLC SRE Alabama — 2, LLC SRE Alabama — 2, LLC Indirect Subsidiary of Sonic Automotive, Inc.

• On the date of creation or acquisition by Borrower of any Domestic Subsidiary, or on the date of creation or acquisition by any Domestic Subsidiary of Borrower of any Indirect Subsidiary that is a Domestic Subsidiary, Borrower shall cause such Domestic Subsidiary to execute and deliver to Administrative Agent a Facility Guaranty.

• All of the issued and outstanding capital stock of the TFS Indirect Subsidiary is owned by Transamerica Acceptance, free and clear of all Liens other than Permitted Liens.

• The provisions above apply equally to any Transferred Subsidiary or Indirect Subsidiary that is treated as a disregarded entity under applicable Law.

• Benefit Plans that are either (i) sponsored by a Transferred Subsidiary or an Indirect Subsidiary, or (ii) Non-U.S. Benefit Plans that shall be assigned to the Buyers are hereinafter collectively referred to as “Transferred Benefit Plans,” which are, in each case, identified as such on Disclosure Schedule 3.21(a).

More Definitions of Indirect Subsidiary

Indirect Subsidiary means Subsidiary shares of which are owned of record directly by a Subsidiary, and indirectly by the Borrower.

Indirect Subsidiary means any corporation of which a Participating

Indirect Subsidiary means a corporation which, from its incorporation until consummation of a

Indirect Subsidiary means any corporation of which a Participating Employer directly and constructively owns at least eighty percent (80%) of the total combined voting power of all classes of its stock entitled to vote. In

Indirect Subsidiary means a Subsidiary of the Grantor which is not a Direct Subsidiary.

Indirect Subsidiary means any Subsidiary that is not a Direct Subsidiary. “Initial PE Member” is defined in the first paragraph hereof.

Indirect Subsidiary. Defined in Section 4.3.