Indonesian Subsidiary definition

Indonesian Subsidiary means PTFI, PTII and each other Subsidiary that is organized under the laws of Indonesia.
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Indonesian Subsidiary means a Company Subsidiary that is incorporated or established under the laws of Indonesia and “Indonesian Subsidiaries” means all of them.
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Examples of Indonesian Subsidiary in a sentence

  • Seller shall use its best efforts to complete the process of incorporating an Indonesian corporation called PT Digital Equipment Storage (Indonesia) (the "Indonesian Subsidiary") as promptly as possible, and shall transfer all of the equity of the Indonesian Subsidiary to Buyer or Buyer's designee immediately upon such incorporation.

  • In 2014, pursuant to Deed of Shareholders’ Resolution No. 22 dated November 21, 2014, the shareholders of the Indonesian Subsidiary approved the transfer of 99,000 shares from Affle Media Operations Pte Ltd to Affle Holdings, which was not announced in (i) the national Indonesian language newspaper regarding the change of control and (ii) in writing to the employees, relating to the transfer of shares.

  • Euronav increases exposure to the market through opportunistically entering the market by chartering vessels from other owners and tonnage providers whilst maintaining a core fleet of high quality owned or controlled tonnage.

  • There can be no assurance that the Indonesian Subsidiary will not receive any objections to the transfer of shares or claims from the creditors and/or the employees at that time in the future.

  • In a case where the Indonesian Subsidiary has received a claim, it will be exposed to financial/ payment liabilities, and there will be no risk of cancellation in relation to the transfer of shares.

  • During the financial year 2015 the Board made a decision to sell the land and buildings of the Indonesian Subsidiary.

  • At 30 June 2019 the Group had $0.18 million Cash at Bank (2018: $1.07 million), and net current liabilities of $3.14 million (2018: $1.23 million).As announced to the ASX on the 16th August 2019, a binding Heads of Agreement was signed with a Third Party for the sale of 54% of the Company’s interest in the Indonesian Subsidiary Group (“Derewo”), reducing the Company’s position to a minority interest of 10%.

  • A change of BKPM policy may result in restrictions and changes in the scope of business operations that the Indonesian Subsidiary may carry out as a foreign investment limited liability company in Indonesia.

  • The principal assets of Target Company is the 65% shareholding in the Indonesian Subsidiary.

  • Furthermore, as a foreign investment limited liability company in Indonesia, the Indonesian Subsidiary is subject to continuing reporting and compliance obligations in Indonesia vis-a-vis the BKPM, among others.

Related to Indonesian Subsidiary

  • Australian Subsidiary means any Subsidiary that is organized under the laws of Australia or any province or territory thereof.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • U.S. Subsidiary means any Subsidiary that is incorporated or organized under the laws of the United States or a state thereof or the District of Columbia.

  • Canadian Subsidiaries means the Subsidiaries organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • Material Foreign Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.

  • Direct Foreign Subsidiary means a Subsidiary other than a Domestic Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by the Borrower or a Domestic Subsidiary.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • 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.

  • Foreign Restricted Subsidiary means any Restricted Subsidiary which is not organized under the laws of the United States of America or any State thereof or the District of Columbia.

  • Foreign Subsidiary Holdco any Domestic Subsidiary that has no material assets other than the Capital Stock of one or more Foreign Subsidiaries, and other assets relating to an ownership interest in any such Capital Stock.

  • Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth (i.e. paid up capital and free reserves) exceeds 20% of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

  • Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

  • Regulated Subsidiary means a Broker Dealer Regulated Subsidiary, a Bank Regulated Subsidiary or an Insurance Regulated Subsidiary or any other Subsidiary subject to minimum capital requirements or other similar material regulatory requirements imposed by applicable regulatory authorities.

  • Excluded Subsidiary means (a) any Subsidiary that is not a wholly-owned direct or indirect Domestic Subsidiary of Holdings, (b) any Subsidiary that is prohibited or restricted by applicable Law or by Contractual Obligations permitted by this Agreement in existence at the time of acquisition of such Subsidiary but not entered into in contemplation thereof, from guaranteeing the Obligations or if guaranteeing the Obligations would require governmental (including regulatory) consent, approval, license or authorization, unless such consent, approval, license or authorization has been received, or for which the provision of a Guarantee would result in material adverse tax consequences to the Borrower or one of its subsidiaries as reasonably determined by the Borrower and agreed in writing by the Administrative Agent, (c) any other Subsidiary with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the burden or cost of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (d) any not-for-profit Subsidiaries or captive insurance Subsidiaries, (e) any Unrestricted Subsidiaries, (f) any Securitization Subsidiary, (g) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary of Holdings that is a CFC, (h) any direct or indirect Domestic Subsidiary of Holdings that is a FSHCO, (i) [reserved], (j) captive insurance Subsidiaries, (k) any Subsidiary that is not a Material Subsidiary and (l) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment that has assumed secured Indebtedness permitted under Section 7.03(g)(i) and not incurred in contemplation of such Permitted Acquisition or other Investment, in each case to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor (so long as such prohibition is not incurred in contemplation of such Permitted Acquisition or other Investment). For the avoidance of doubt, the Borrower shall not constitute an Excluded Subsidiary.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • Subsidiary means an entity in which more than 50 percent of the entity is owned—

  • Non-U.S. Subsidiary means any Subsidiary that is not a U.S. Subsidiary.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Securitization Subsidiary means any Subsidiary in each case formed for the purpose of and that solely engages in one or more Qualified Securitization Financings and other activities reasonably related thereto.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Pledge Subsidiary means (i) each Domestic Subsidiary and (ii) each First Tier Foreign Subsidiary.

  • Domestic entity means an entity whose internal affairs are governed by the law of this state.