Liquidating Subsidiary definition

Liquidating Subsidiary any Subsidiary identified on Schedule 1.1B, provided, however, any such Subsidiary that is not liquidated or dissolved within 120 days after the Closing Date will cease to constitute a “Liquidating Subsidiary”, will become a Subsidiary Guarantor and Section 6.9 shall apply to such Subsidiary.
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Liquidating Subsidiary means (i) MT XXXXX Handelsgesellschaft Verwaltung GmbH, a company domiciled in Germany, (ii) Tower Automotive Verwaltung GmbH, a company domiciled in Germany and (iii) Tower Automotive s.r.o., a company domiciled in the Czech Republic.
Sample 1Sample 2
Liquidating Subsidiary means each of Xxxxxx Xxxxxxx Georgia, L.L.C., Xxxxxx Xxxxxxx Tower Realty, Inc. and TW/Xxxxx Venture Management, L.L.C.
Sample 1

Examples of Liquidating Subsidiary in a sentence

  • The U.K. Administrators shall co-ordinate the Liquidating Subsidiary Wind-Down in accordance with their duties to the creditors of Paragon Parent under English law.

  • Following the Effective Date, each Liquidating Subsidiary shall be liquidated and dissolved in accordance with the applicable laws of the respective jurisdictions in which they are incorporated or organized (the “Liquidating Subsidiary Wind-Down”).

  • The Confirmation Order shall authorize the Corporate Restructuring, the U.K. Sale Transaction, and the Liquidating Subsidiary Wind-Down pursuant to sections 363, 1123(a)(5), 1123(b)(4), 1123(b)(6), 1145, and 1146(a) of the Bankruptcy Code under the terms and conditions of the U.K. Implementation Agreement.

  • Use woven polyester or polypropylene fabric that meets the following properties: For standard temporary MSE walls (temporary fabric wall) use reinforcing fabric wide width tensile strengths and lengths in the RD as shown on the plans.

  • Pursuant to sections 363, 1123(a)(5), 1123(b)(4), 1123(b)(6), 1145, and 1146(a) of the Bankruptcy Code, the Confirmation Order shall authorize the Corporate Restructuring and the U.K. Sale Transaction and shall authorize, but not direct, the Liquidating Subsidiary Wind-Down, each under the terms and conditions of the U.K. Implementation Agreement and within the discretion, and consistent with the duties, of the U.K. Administrators.

  • The U.K. Administrators will co-ordinate the Liquidating Subsidiary Wind-Down in accordance with their duties to the creditors of Paragon Parent under English law.

  • Upon the Confirmation Date, the Debtors shall be authorized to take any and all actions necessary to consummate the Corporate Restructuring and the U.K. Sale Transaction, and shall be authorized, but not directed, to take any and all actions necessary to consummate the Liquidating Subsidiary Wind-Down, including, for the avoidance of doubt, commencing the U.K. Administration (to the extent not commenced prior to the Confirmation Date).

  • Each Liquidating Subsidiary is an inactive Subsidiary with de minimis assets.

  • The U.K. Administrators shall co-ordinate the Liquidating Subsidiary Wind-Down.

  • Each of the Borrower and its Subsidiaries (other than any Liquidating Subsidiary) is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction indicated on Schedule 8.01.


More Definitions of Liquidating Subsidiary

Liquidating Subsidiary means MT SXXXX Handelsgesellschaft Verwaltung GmbH, a company domiciled in Germany.
Sample 1
Liquidating Subsidiary means each of Alaqua Lakes Realty, LLC, MHF, Inc., Xxxxxx Xxxxxxx Georgia, L.L.C., Xxxxxx Xxxxxxxx of Nevada L.L.C., Xxxxxx Xxxxxxx Tower Realty, Inc., XX Xxxxxx St. LLC, TW/Xxxxx Venture Management, L.L.C., The Varsity Club, Ltd. or Xxxxxx Xxxxxxx Holdings (BVI) Limited.
Sample 1
Liquidating Subsidiary. Each of SCI U.K., Newmoor Industries and, after the sale of all or substantially all of its assets and the commencement of liquidation or dissolution proceedings, Norlite, all as permitted pursuant to Sections 8.17, 9.02 or 10.12 hereof. Loan/Purchase Transaction: The three-tranche facility, not to exceed $50,000,000 in the aggregate, provided to Borrower or any other Credit Party by a receivables securitization company managed by The Bank of Tokyo Trust Company, consisting of (i) a revolving facility of up to $50,000,000 for the purchase on a Non-Recourse basis of trade receivables arising from the sale of computer equipment to NECTEC pursuant to the NECTEC Agreement, (ii) the Inventory Loan, and (iii) a facility of up to $30,000,000 whereby a receivables securitization company managed by The Bank of Tokyo Trust Company purchases on a Non-Recourse basis the obligations of NECTEC with respect to Inventory which has been ordered pursuant to the NECTEC Agreement and which is evidenced by an invoice but which has not resulted in a sales or purchase order.
Sample 1

Related to Liquidating Subsidiary

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • 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.

  • Joint Venture Subsidiary means each of (i) Aluminum Company of Malaysia Berhard and (ii) any other person that is a Subsidiary in which persons other than Holdings or its Affiliates own 10% or more of the Equity Interests of such person, excluding, to the extent they become Restricted Subsidiaries of the Designated Company after the Closing Date, Xxxxx and Norf GmbH.

  • Taxable REIT Subsidiary means any corporation (other than a REIT) in which General Partner directly or indirectly owns stock and General Partner and such corporation jointly elect that such corporation shall be treated as a taxable REIT subsidiary of General Partner under and pursuant to Section 856 of the Code.

  • 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.

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

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • Qualifying Subsidiary means any Subsidiary of the Company that (i) is not the Issuer or an Initial Guarantor, and (ii) at the relevant time of determination, is not a Joint Venture Company, a Project Company, a Local Operating Company, a Bidding Company or a Holding Vehicle.

  • Financing Subsidiary means (a) any Structured Subsidiary or (b) any SBIC Subsidiary.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • 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.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Principal Subsidiary means at any relevant time a Subsidiary of the Issuer:

  • Constituent Company means an existing company that is participating in a merger or consolidation with one or more other existing companies;

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

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

  • Parent Subsidiary means any Subsidiary of Parent.

  • Participating Subsidiary means a Subsidiary which has been designated by the Administrator as covered by the Plan.

  • Qualified Subsidiary means any direct or indirect Domestic Subsidiary or Eligible Foreign Subsidiary.

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, leasing, developing, constructing or acquiring energy generating, transmission or distribution assets, or assets related thereto, or any other power or energy facility or any assets related thereto, and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • 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.

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.