Material Operating Subsidiary definition

Material Operating Subsidiary means an operating subsidiary whose net income represents 10% or more of the net income of the Corporation; and
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Material Operating Subsidiary means a Material Subsidiary other than a member of the Group that is a Material Subsidiary solely by virtue of its being a Holding Company of a Material Subsidiary or Obligor.
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Material Operating Subsidiary means each of Gimsa, Gruma Corp. and Molinera.
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Examples of Material Operating Subsidiary in a sentence

  • With respect to any Material Operating Subsidiary in the corporate ownership chain between the Corporation and any Direct Subsidiary, the Committee shall review the financial statements of that Material Operating Subsidiary.

  • Subsidiaries 1) With respect to any Material Operating Subsidiary in the corporate ownership chain between the Company and any Direct Subsidiary, the Committee shall review the financial statements of that Material Operating Subsidiary.

  • Direct Subsidiary” means the first Material Operating Subsidiary entity below the Company in a corporate ownership chain that has an audit committee which is comprised of a majority of independent directors.

  • The Noteholders will not be entitled to refuse such request, if no amount is then due and payable under the Subsidiary Guarantee to the Noteholders and the Issuer delivers a certificate to the Noteholders confirming that the Subsidiary seeking to be released is no longer a Material Operating Subsidiary.

  • The Noteholders will not be entitled to refuse such request if no amount is then due and payable under the Subsidiary Guarantee to the Noteholders and the Issuer delivers a certificate to the Noteholders confirming that the Subsidiary seeking to be released is no longer a Material Operating Subsidiary.

  • For these purposes: a “Material Operating Subsidiary” means an operating subsidiary whose net income represents 10% or more of the net income of the Corporation; and b “Direct Subsidiary” means the first Material Operating Subsidiary entity below the Corporation in a corporate ownership chain that has an audit committee which is comprised of a majority of independent directors.

  • BHC or Material Operating Subsidiary Level First, because we and most other non-GSIB LBOs have significantly fewer domestic or foreign material operating subsidiaries than the U.S. GSIBs, as shown by Figure 1 above, the Agencies should give us and any similarly situated non-GSIB LBOs the option to satisfy any gone-concern LTD requirements at either our top-tier parent level or the level of our IDIs or other material operating subsidiaries.


More Definitions of Material Operating Subsidiary

Material Operating Subsidiary means a Subsidiary of a Credit Party that has assets constituting at least ten percent (10%) of total assets of the Parent on a Consolidated basis (but excluding any VIE) as of the end of the immediately preceding fiscal quarter for which the Parent has delivered financial statements pursuant to Section 9.1(b).
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Material Operating Subsidiary means each Subsidiary of the Core Borrowers which:
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Material Operating Subsidiary means each Subsidiary of the TXUA Parent (other than the Borrower) which, has not been designated as an Unrestricted Subsidiary and:
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Material Operating Subsidiary has the meaning given to it in the Deed of Common Terms as at the relevant time.
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Material Operating Subsidiary means a “Material Operating Subsidiary” (or substantially similar term), as defined in the Company’s Credit Agreement.
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Related to Material Operating Subsidiary

  • Material Company means, at any time:

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties 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.

  • Material Group Company means the Issuer or a Subsidiary representing more than 5.00 per cent. of either (i) the total assets of the Group on a consolidated basis (for the avoidance of doubt, excluding any intra-group transactions) or (ii) the net profit of the Group on a consolidated basis according to the latest Financial Report.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • Obligated Entity means a person or entity that sells electrical energy to end-use

  • 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;

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Restricted Entity means any "employee benefit plan" as defined in and subject to ERISA, any "plan" as defined in and subject to Section 4975 of the Code, or any entity any portion or all of the assets of which are deemed pursuant to United States Department of Labor Regulation Section 2510.3-101 or otherwise pursuant to ERISA or the Code to be, for any purpose of ERISA or Section 4975 of the Code, assets of any such "employee benefit plan" or "plan" that invests in such entity.

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

  • 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.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • 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-U.S. Subsidiary means any Subsidiary that is organized under the laws of a jurisdiction other than the United States of America or any State thereof or the District of Columbia.