Minority Subsidiary definition

Minority Subsidiary means a Subsidiary whose accounts would be consolidated with those of its parent (as defined in the definition of Subsidiary) as provided in the definition of Subsidiary, but the parent owns securities or other ownership interests representing less than 50% of the equity or less than 50% of the ordinary voting power or, in the case of a partnership, less than 50% of the general partnership interests.

Minority Subsidiary means any Person whose Equity Interests are owned, held or Controlled directly or indirectly by another Person, but who is not a Subsidiary of such other Person.

Minority Subsidiary means all corporations and other entities Related to the Business with respect to which less than 50% of the voting shares or other voting equity interests are owned directly or indirectly by Seller.

Examples of Minority Subsidiary in a sentence

• Neither Seller, WWTI (with respect to the Business) nor any Division or Subsidiary (other than any Minority Subsidiary) is in violation of any such Governmental Approval, which violation could reasonably be expected to materially interfere with the continued conduct of the Business in the ordinary course.

• No representation is made, and all representations, express, implied or otherwise, are disclaimed, with respect to any Minority Subsidiary including, without limitation, the operations, assets, capitalization, stock or liabilities thereof.

• The Domestic Assets and property owned by the Subsidiaries (other than any Minority Subsidiary) includes all property (including, without limitation, real, personal, and intangible property and contract rights) required for the operation of the Business in substantially the same manner as it has been operated prior to Closing.

• DISCLAIMERS: ----------- The representations and warranties set forth in this Article III shall not apply with respect to any Minority Subsidiary or the Excluded Businesses.

• None of Seller, WWTI, (with respect to the Business) or the Subsidiaries (other than any Minority Subsidiary) is subject to any contractual restriction that prohibits it from carrying on the Business in the areas of the world where the Business has been conducted, except for such restrictions that could not reasonably be expected to have a Material Adverse Effect.

More Definitions of Minority Subsidiary

Minority Subsidiary means a Subsidiary whose accounts would be consolidated with those of its parent (as defined in the definition of Subsidiary) as provided in the definition of Subsidiary, but the parent (a) does not own the minimum amount set forth in clause (a) of the definition of Subsidiary, or (b) does not Control the Subsidiary as set forth in clause (b) of the definition of Subsidiary.

Minority Subsidiary means any corporation or other entity, whether domestic or foreign, in which CoActive has or obtains, directly or indirectly, a proprietary interest of 50% or less by reason of stock ownership or otherwise.

Minority Subsidiary means any entity in which any Seller Controlled Entity directly owns 50% or less of the Interests.

Minority Subsidiary means any corporation or limited liability company of which the Company directly or indirectly owns shares or membership interests representing at least 20 percent but less than 50 percent of the combined voting power of the shares of all classes or series of capital stock or membership interests of such corporation or limited liability company which have the right to vote generally on matters submitted to a vote of the shareholders or members of such corporation or limited liability company.

Minority Subsidiary means a Subsidiary whose accounts are consolidated

Minority Subsidiary means when used with respect to any Person, any other Person that such Person directly or indirectly owns or has the power to vote or control more than 30% but less than 50% of the voting stock or other interests the holders of which are generally entitled to vote for the election of the board of directors or other applicable governing body of such other Person.

Minority Subsidiary means any entity in which a Person, directly or indirectly, beneficially owns 50% or less of the Equity Securities. “Mortgages” shall mean all mortgages, deeds of trust, or deeds to secure debt, as applicable, delivered with respect to the Real Property substantially in the form of Exhibit M (with such changes as are reasonably approved by the Required Lenders to account for local law matters), as they may be amended, supplemented or otherwise modified from time to time. “Multiemployer Plan” shall mean any employee benefit plan of the type described in Section 4001(a)(3) of ERISA and subject to Title IV of ERISA to which a Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or with respect to which any Loan Party or ERISA Affiliate has or could reasonably be expected to have any liability or obligation. “Xxxxx” shall have the meaning given such term in the definition of “Affiliated Entity.” “Negotiable Collateral” shall mean letters of credit, letter-of-credit rights, instruments, promissory notes, drafts and documents (as each such term is defined in the Code). “Net Cash Proceeds” shall mean (a) in connection with any Transfer or Event of Loss, the proceeds thereof in the form of cash and cash equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received), net of attorneys’ fees, accountants’ fees, investment banking fees, amounts required to be applied to the repayment of Indebtedness secured by a Lien expressly permitted hereunder on any asset that is the subject of such Transfer or Event of Loss (other than any Lien pursuant to any Loan Document) and other customary and reasonable fees and expenses actually incurred in connection therewith and net of Taxes paid and the Borrower’s reasonable and good faith estimate of income, franchise, sales, and other applicable Taxes required to be paid by any Loan Party or any of its respective Subsidiaries in connection with such Transfer or Event of Loss in the taxable year that such Transfer or Event of Loss is consummated, the computation of which shall, in each such case, take into 13 KE 00000000.15