Minority Interest Entity definition
Examples of Minority Interest Entity in a sentence
To the Seller’s Knowledge, no Minority-Interest Entity is presently liable, nor to the Seller’s Knowledge does any Minority- Interest Entity have any potential liability, for the Taxes of another Person (i) under Treasury Regulations Section 1.1502-6 (or comparable provision of state, local or foreign Law), or (ii) as transferee or successor.
All of the Minority Interests are owned, directly or indirectly, of record and beneficially by a Company Group Member, free and clear of all Encumbrances, other than restrictions on transfer under applicable securities Laws or the organizational documents of the relevant Minority Interest Entity.
None of the Companies has agreed, and none of the Companies is under current or prospective obligation (contingent or otherwise), to form or participate in or make any capital contribution to or future investment in, or guarantee any obligations of any Person which is not a Company Subsidiary (other than a Minority Interest Entity pursuant to the organizational documents of such Minority Interest Entity).
All of the AerCap Minority Interests are owned, directly or indirectly, of record and beneficially by a AerCap Group Member, free and clear of all Encumbrances, other than restrictions on transfer under applicable securities Laws or the organizational documents of the relevant AerCap Minority Interest Entity.
Each Credit Party hereby agrees that, notwithstanding anything in this Agreement to the contrary, until such time as the Payment in Full of all of the Obligations, no Foreign Subsidiary created after the date hereof with the prior written consent of Agent (if any) and no Minority Interest Entity, shall, without the prior written consent of Agent, receive any proceeds from any Loan hereunder or any Collateral.