Majority Subsidiary definition

Majority Subsidiary means any corporation, association trust, limited liability company, partnership, joint venture or other business association or entity, at least 50% of the outstanding voting securities of which are at the time owned or record by the Company.

Majority Subsidiary means any person or entity that at the date of this Agreement has a majority of its outstanding voting securities owned directly or indirectly by the Company; “Partner Company” shall mean any person or entity in which, at the date hereof, the Company has made, or is actively considering making, an equity or debt investment or acquisition.

Majority Subsidiary means (i) all corporations and other entities Related to the Business with respect to which more than 50% of the voting shares or other voting equity interests are owned directly or indirectly by Seller and (ii) Sanofi Winthrop Asia Pte Ltd.

Examples of Majority Subsidiary in a sentence

• As used in this Agreement, any reference to "Majority Subsidiary" shall mean any person or entity that at the date of this Agreement has a majority of its outstanding voting securities owned directly or indirectly by the Company; "Partner Company" shall mean any person or entity in which, at the date hereof, the Company has made, or is actively considering making, an equity or debt investment or acquisition.

• If at any time or for any reason, the Available Amount is less than zero, then Borrower shall immediately cause the Available Amount to be greater than or equal to zero by (i) making one or more principal repayments of the Revolving Loans and/or (ii) causing one or more mini-storage facilities of Borrower or a Majority Subsidiary to become an additional Negative Pledge Property in accordance with Section 4.1 and/or (iii) increasing the amount of Qualifying Cash.

• The Purchaser Parties and Seller will treat the sale of the Purchased Interests by Seller to Purchaser as resulting in a termination for federal income tax purposes under Section 708(b) of the Code (and any analogous provisions of state of local law) of New SUSA and any Majority Subsidiary that is treated as a partnership for federal income tax purposes as of the time of Closing, with income and loss (and items thereof) to be allocated as of the time of Closing as a result thereof.

• Secondly, pursuant to Article IV of an Agreement and Plan of Reorganization dated July 23, 1998, Parent granted, after taking into account the effect of a recent reverse two-for-one stock split, two million (2,000,000) shares of its voting common stock as contingent consideration to the Majority Subsidiary Shareholder and Minority Subsidiary Shareholder defined therein.

More Definitions of Majority Subsidiary

Majority Subsidiary means a Subsidiary that is controlled by Borrower and with respect to which the sum of Borrower's Direct Economic Ownership plus Borrower's Indirect Economic Ownership is 51% or more (but excluding any such Subsidiary (whether or not a Relevant Subsidiary) with respect to which an event has occurred and is continuing which would constitute an Event of Default under Section 9.1(f), Section 9.1(g) or Section 9.1(h) if such Subsidiary were a Relevant Subsidiary). For the purposes of this definition, "controlled by" shall mean the possession directly or indirectly through the ownership of voting interests of the power to direct or cause the direction of the management or policies of such Subsidiary (including, without limitation, the power to declare dividends or other distributions of income).

Majority Subsidiary means any person or entity that has a majority of its outstanding voting securities owned directly or indirectly by the Company; and “Partner Company” shall mean any person or entity in or with respect to which the Company has made, or is actively considering making, an equity or debt investment or acquisition.

Majority Subsidiary. ’ means the subsidiaries with net asset value as shown in the

Majority Subsidiary a Subsidiary of a Wholly Owned Subsidiary of ------------------- the Company that has been capitalized with an investment permitted under Section 8.8(i).

Majority Subsidiary means any corporation, association or other business entity of which the Company owns, directly or indirectly, securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions.

Majority Subsidiary means SUSA and any other entity in which a Seller Controlled Entity directly owns more than 50% of the Interests.

Majority Subsidiary means a Person which, under generally accepted accounting principles, is considered to be a subsidiary subject to consolidation.