Licensed Subsidiaries definition

Licensed Subsidiaries any Subsidiary of Holdings which is licensed and subject to regulation under applicable Federal, state or Commonwealth of Puerto Rico insurance, health services organization, or health care statutes, rules or regulations or Medicare rules and regulations.
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Licensed Subsidiaries means those PERMITTED SUBLICENSEES that, as of the EFFECTIVE DATE, include in their corporate names the XX XXXXX, provided that “LICENSED SUBSIDIARIES” shall not include any such PERMITTED SUBLICENSEES that adopt NEW CORPORATE NAMES after the EFFECTIVE DATE.
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Licensed Subsidiaries means Patients Mutual Assistance Collective Corporation, San Xxxx Wellness, San Leandro Wellness Solutions Inc., and FLRish Farms Cultivation 2, LLC, and LGCLORDIS2 LLC;
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Examples of Licensed Subsidiaries in a sentence

  • The Group’s and the Bermuda Licensed Subsidiaries' compensation program is designed to provide a combination of fixed annual compensation, short-term incentive compensation, and long-term incentive compensation.

  • The following tables compares shareholders’ equity under U.S. GAAP to Statutory Economic Capital and Surplus as calculated under EBS for the Group and the BMA Licensed Subsidiaries as at December 31, 2019 and 2018: PartnerRe Ltd.

  • In addition to the requirements codified in legislation (including the Bermuda Companies Act 1981 and Insurance Act), common law and the Company’s Bye-Laws, the‌ Company and the Bermuda Licensed Subsidiaries have established a corporate governance framework.

  • The premium rates for this plan are higher than the PPO Dental Plan.Please note: The PPO Plus Plan has a missing tooth limitation (MTL).

  • With these changes, the composition of the Company’s Executive Leadership Team remains the same.See section 3.2.2 Professional Qualifications, Skills and Expertise of Parent Board and Senior Executives for biography details of the directors and the executive leadership team of the Company.Please refer to Appendix II for a listing of the directors and officers of the BMA Licensed Subsidiaries and Appendix III for their biographical details.

  • Ernst & Young, whose contact details are shown below, is the Group’s and the BMA Licensed Subsidiaries' approved auditor.Organization: Ernst & Young Ltd.

  • See Appendix II for details on the BMA Licensed Subsidiaries board and officer membership.

  • The compliance matrix is designed to assist agencies in employing an effective charge card internal control program that is in balance with the need to maintain card flexibility and ease of use in support of agency mission activities.We used the five ERM components and the OMB Compliance Standards as areas of risk for a total of six risk areas as listed below:1.

  • The ECR and MSM for the Group and the BMA Licensed Subsidiaries as at December 31, 2019 and 2018: were as follows: The solvency, liquidity and risk-based capital levels were in excess of the minimum levels required for the Group and the BMA Licensed Subsidiaries as at December 31, 2019 and 2018.

  • The eligible capital by tier for the Group and the BMA Licensed Subsidiaries at December 31, 2019 and 2018 were as follows (in millions of U.S. dollars): Tier 1 capital includes statutory economic surplus, capital stock and contributed surplus.Tier 2 capital includes redeemable preferred shares and fixed term debt approved by the BMA as other fixed capital.


More Definitions of Licensed Subsidiaries

Licensed Subsidiaries means those entities which are Subsidiaries of Transferor.
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Licensed Subsidiaries means those entities which are Subsidiaries of IBM.
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Licensed Subsidiaries means the entities subject to the Investigation—Claro Enterprise Solutions, LLC, Latam Telecommunications, LLC, Puerto Rico
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Related to Licensed Subsidiaries

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Excluded Subsidiaries means any Subsidiary of any Holding Company that is not itself a Holding Company or the Borrower and that is: (a) listed on Schedule 1.02 as of the Closing Date; (b) a CFC or a CFC Holding Company; (c) any not-for-profit Subsidiary; (d) a Joint Venture or a Subsidiary that is not otherwise a wholly-owned Restricted Subsidiary; (e) an Immaterial Subsidiary; (f) an Unrestricted Subsidiary; (g) a Captive Insurance Subsidiary or other special purpose entity; (h) prohibited by any applicable Requirement of Law or contractual obligation from guaranteeing or granting Liens to secure any of the Secured Obligations or with respect to which any consent, approval, license or authorization from any Governmental Authority would be required for the provision of any such guaranty (but in the case of such guaranty being prohibited due to a contractual obligation, such contractual obligation shall have been in place at the Closing Date or at the time such Subsidiary became a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary); provided that each such Restricted Subsidiary shall cease to be an Excluded Subsidiary solely pursuant to this clause (h) if such consent, approval, license or authorization has been obtained (it being understood and agreed that no Loan Party or Restricted Subsidiary shall be required to seek any such consent, approval, license or authorization); (i) with respect to which the Borrower (in consultation with the Administrative Agent) reasonably determines that guaranteeing or granting Liens to secure any of the Secured Obligations would result in material adverse tax consequences; (j) with respect to which the Borrower and the Administrative Agent reasonably agree that the cost and/or burden of providing a guaranty of the Secured Obligations outweighs the benefits to the Lenders; (k) a direct or indirect Subsidiary of an Excluded Subsidiary; (l) a Securitization Subsidiary; (m) organized or incorporated outside of the United States or any state, province, territory or jurisdiction thereof, (n) [reserved] and (o) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other permitted Investment that, at the time of such Permitted Acquisition or other permitted Investment, has assumed secured Indebtedness permitted hereunder and not incurred in contemplation of such Permitted Acquisition or other Investment and each Restricted Subsidiary that is a Subsidiary thereof that guarantees such Indebtedness, in each case to the extent (and solely for so long as) such secured Indebtedness prohibits such Restricted Subsidiary from becoming a Guarantor (provided that each such Subsidiary shall cease to be an Excluded Subsidiary under this clause (o) if such secured Indebtedness is repaid or becomes unsecured, if such Restricted Subsidiary ceases to be an obligor with respect to such secured Indebtedness or such prohibition no longer exists, as applicable).

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.