JV Subsidiaries of any specified Person means any other Person of which such first Person owns (either directly or through one or more other Subsidiaries) twenty percent (20%) or more of the outstanding Equity Securities or securities carrying twenty percent (20%) or more of the voting power in the election of the board of directors or other governing body of such Person; provided, however, that for the purposes of this Agreement, (i) ”JV Subsidiaries” shall not include any Person otherwise covered by the definition of “Subsidiary”, and (ii) neither Company nor any of its JV Subsidiaries (including any NBCU Entity) shall constitute or be deemed to be JV Subsidiaries of GE.

JV Subsidiaries means each Subsidiary of the Borrower that directly holds an equity interest in any Borrower Joint Venture.

JV Subsidiaries means the UK Subsidiaries, the European Subsidiaries and the US Subsidiary, in each case as listed in Schedule 2 (JV Subsidiaries);

Examples of JV Subsidiaries in a sentence

Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its Subsidiaries and Controlled JV Subsidiaries on the date hereof or any business substantially related or incidental thereto.
Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Borrower and its Subsidiaries and or Controlled JV Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded.
The exclusion of the Consent Assets of the J.V. Subsidiaries from the Collateral does not materially reduce the aggregate value of the Collateral.
There are no collective bargaining agreements or Multiemployer Plans covering the employees of the Parent, the Borrower or any of their respective Subsidiaries or JV Subsidiaries as of the Closing Date and neither the Parent, nor the Borrower nor any Subsidiary or JV Subsidiary has suffered any strikes, walkouts, work stoppages or other material labor difficulty within the last five years.
Each Loan Party is, individually and together with its Subsidiaries and Controlled JV Subsidiaries on a consolidated basis, Solvent.

More Definitions of JV Subsidiaries

JV Subsidiaries means Lyondell Petrochemical G.P. Inc., Lyondell Petrochemical L.P. Inc., Lyondell Refining Company, Lyondell General Methanol Company, Lyondell Limited Methanol Company and each other Subsidiary of the Borrower that, at any time, directly holds an equity interest in any Borrower Joint Venture, and "JV SUBSIDIARY" means any of the foregoing, as the context may require.

JV Subsidiaries means Lyondell Petrochemical G.P. Inc., Lyondell Petrochemical L.P. Inc., Lyondell Refining Company, Lyondell Refining LP, LLC and each other Subsidiary of the Borrower that, at any time, directly holds an equity interest in any Borrower Joint Venture, and "JV Subsidiary" means any of the foregoing, as the context may require.

JV Subsidiaries shall not include any Person otherwise covered by the definition of “Subsidiary”, and (ii) neither Company nor any of its JV Subsidiaries (including any Contributed Comcast Subsidiary) shall constitute or be deemed to be JV Subsidiaries of Comcast.

JV Subsidiaries means each Subsidiary of Lyondell that directly holds an equity interest in any Lyondell Joint Venture.

JV Subsidiaries means the Subsidiaries of the Borrower identified as "JV Subsidiaries" on Schedule 5.01(e).

JV Subsidiaries means all or some of such subsidiaries of the Company (as the context requires);

JV Subsidiaries has the meaning given in Recital E hereof.