New Venture Entity definition

New Venture Entity means (a) the Person that directly owns a New Venture, and (b) any holding company for such a Person whose sole assets consist (directly or indirectly through another New Venture Entity) of Investments in that Person.
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Examples of New Venture Entity in a sentence

  • Parent proposes to finance the construction of a new Sunset Station Hotel & Casino ("Project") to be constructed by its wholly-owned Unrestricted New Venture Entity, Sunset Station, Inc.

  • Upon the acquisition by Parent of any capital stock (or other equity interest, in the case of Person that is not a corporation) in any New Venture Entity, deliver the certificates evidencing such capital stock (or other equity interest) to the Administrative Agent in pledge pursuant to a pledge agreement substantially identical to the Pledge Agreements, subject to any required approval of a Gaming Board (which Parent agrees to use its best efforts to obtain).

  • GV Ranch Station, Inc., a Nevada corporation and a Wholly-Owned Subsidiary of Parent, is hereby designated by Parent as an Unrestricted New Venture Entity.

  • Pursuant to this Amendment, GVR Station will be designated an "Unrestricted New Venture Entity".

  • If the termination of this contract is due to the failure of the Contractor to fulfill his contract obligations, Nueces County may take over the project and prosecute the work to completion.