Minority Holding definition
Examples of Minority Holding in a sentence
Simultaneously with the delivery of the Compliance Certificates, the Borrower shall deliver to the Administrative Agent and the Lenders written notice of the formation of any other Minority Holding.
Assignor is the owner of a One Hundred Percent (100%) membership interest in each of (i) CHRI Virginia Beach Hotel (A/H) Minority Holding, LLC, a Delaware limited liability company, and (ii) CHRI Blacksburg Hotel (A/H) Minority Holding, LLC, a Delaware limited liability company (collectively, the “Interests”).
CHRI Virginia Beach Hotel (A/H) Minority Holding, LLC, a Delaware limited liability company.
CHRI Blacksburg Hotel (A/H) Minority Holding, LLC, a Delaware limited liability company.
No Credit Party will, nor will it permit any of its Subsidiaries or Controlled Minority Holdings to, file or consent to the filing of any consolidated income tax return with any Person (other than Parent, any of its Subsidiaries or any Controlled Minority Holding).
Indemnitee owns one hundred percent (100%) of the membership interests in each of the following (collectively, the “Interests”):(i) CHRI Blacksburg Hotel (A/H) Minority Holding, LLC, a Delaware limited liability company (“CHRI Blacksburg”), and (ii) CHRI Virginia Beach Hotel (A/H) Minority Holding, LLC, a Delaware limited liability company (“CHRI Virginia Beach”).
As used in this SECTION 9.1, Borrower shall be deemed to control a Subsidiary or Minority Holding if Borrower has the ability to exercise a buy-sell right in the event of a disagreement regarding the sale, financing of or other material decision with respect to, the Property owned by such Subsidiary or Minority Holding.
Any Indebtedness incurred and/or ------------------------------ assumed in connection with such acquisition, including the pro rata share of recourse Indebtedness allocable to the Consolidated Businesses in connection with an acquisition by a Minority Holding, shall be added to the calculation of Total Outstanding Indebtedness.
In addition, until such time as any such Property or portfo- lio of Properties shall have been owned by the Borrower or any Consolidated Business or Minority Holding (other than a Limited Minority Holding) for one fiscal quarter, the Capitalization Value with respect thereto shall be deemed to be equal to either the acquisition cost thereof if such Property shall be fully leased, or if such Property shall not be fully leased, $0.
The proceeds of the Revolving Loans shall be applied by Borrower to provide for the ongoing working capital requirements and general corporate purposes of each Controlled Group Member and, where applicable, each Minority Holding in accordance with Section 5.20.