Liquidation Subsidiary definition

Liquidation Subsidiary means the Immaterial Subsidiary separately identified to the Administrative Agent and the Banks in writing prior to the Effective Date as the "Liquidation Subsidiary", which Subsidiary may be liquidated or otherwise become subject to events of the type described in Section 8.2 after the Effective Date or which may be dissolved after the Effective Date.
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Liquidation Subsidiary means the Immaterial Subsidiary separately identified to the Administrative Agent and the Banks in writing prior to the First Amendment Effective Date as the "Liquidation Subsidiary", which Subsidiary may be liquidated or otherwise become subject to events of the type described in Section 8.2 after the First Amendment Effective Date or which may be dissolved after the First Amendment Effective Date.
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Liquidation Subsidiary shall have the meaning given such term in Section 5.17.
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Examples of Liquidation Subsidiary in a sentence

  • Any Assets held by a Liquidation Subsidiary prior to its liquidation shall remain Assets of the Company or a Subsidiary of the Company after the complete liquidation of the Liquidation Subsidiary.


More Definitions of Liquidation Subsidiary

Liquidation Subsidiary means the Immaterial Subsidiary separately
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Related to Liquidation 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.

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

  • 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.

  • 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.

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

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

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

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

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

  • Intermediate Parent means any Subsidiary of Holdings and of which the Borrower is a subsidiary.

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

  • Special Purpose Securitization Subsidiary means (i) a direct or indirect Subsidiary of the Borrower established in connection with a Permitted Securitization Financing for the acquisition of Securitization Assets or interests therein, and which is organized in a manner (as determined by the Borrower in good faith) intended to reduce the likelihood that it would be substantively consolidated with Holdings (prior to a Qualified IPO), the Borrower or any of the Subsidiaries (other than Special Purpose Securitization Subsidiaries) in the event Holdings (prior to a Qualified IPO), the Borrower or any such Subsidiary becomes subject to a proceeding under the U.S. Bankruptcy Code (or other insolvency law) and (ii) any subsidiary of a Special Purpose Securitization Subsidiary.

  • 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.

  • 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.

  • Non-Guarantor Restricted Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

  • 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.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Intermediate Holdco means Sunnova Intermediate Holdings, LLC, a Delaware limited liability company.

  • 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.

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • Inactive Subsidiary means any Subsidiary of the Borrower that (a) does not conduct any business operations, (b) has assets with a total book value not in excess of $10,000 and (c) does not have any Indebtedness outstanding.

  • Converted Restricted Subsidiary has the meaning specified in the definition of “Consolidated EBITDA.”

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

  • Wholly Owned Restricted Subsidiary is any Wholly Owned Subsidiary that is a Restricted Subsidiary.