Non-Wholly Owned Subsidiary definition

Non-Wholly Owned Subsidiary means, as to any Person, each Subsidiary of such Person which is not a Wholly-Owned Subsidiary of such Person.

Non-Wholly Owned Subsidiary each Subsidiary that is not a Wholly Owned Subsidiary.

Non-Wholly Owned Subsidiary means any Subsidiary of the Borrower which is not a Wholly-Owned Subsidiary of the Borrower.

Examples of Non-Wholly Owned Subsidiary in a sentence

• When determining the Applicable Margin and compliance by the Parent or the Borrower with any financial covenant contained in any of the Loan Documents (a) only the Ownership Share of the Parent or the Borrower, as applicable, of the financial attributes of a Subsidiary that is a Non-Wholly Owned Subsidiary shall be included and (b) the Parent’s Ownership Share of the Borrower shall be deemed to be 100.0%.

• For purposes of the foregoing, (i) any Investment made by any Restricted Investment Non-Wholly Owned Subsidiary in its Subsidiaries shall be disregarded and (ii) any Investment by any Person existing at the time such Person becomes a Subsidiary shall be deemed to have been made by such Person immediately after such Person became a Subsidiary.

• The Issuer will not, and will not permit any of its Subsidiaries to, apply any of its funds, property or assets to the purchase, redemption, sinking fund or other retirement of any shares of any class of Stock of the Issuer or any Non-Wholly Owned Subsidiary, or make any deposit for any of the foregoing.

• For the avoidance of doubt, the Borrower Group Parties shall not be in default in respect of their obligations hereunder if such Non-Wholly Owned Subsidiary takes action that would otherwise be prohibited under or not in compliance with the Subject Requirements if a Borrower Group Party has otherwise complied with its obligations under this Section 8.01(q).

• Definitions; Interpretation 23 Section 5.1. Definitions 23 Section 5.2. Interpretation 51 Section 5.3. Change in Accounting Principles 5252 Section 5.4. Non-Wholly Owned Subsidiary Computations 52 SECTION 6.

More Definitions of Non-Wholly Owned Subsidiary

Non-Wholly Owned Subsidiary means a Subsidiary that is not a Wholly Owned Subsidiary.

Non-Wholly Owned Subsidiary means any Subsidiary all of the Equity Interests in which (except directors’ qualifying shares) are not, at the time, directly or indirectly owned by Holdings, other than any Subsidiary that becomes a Non-Wholly Owned Subsidiary after the Closing Date as a result of

Non-Wholly Owned Subsidiary means any Subsidiary of the Company other than any Wholly Owned Subsidiary.

Non-Wholly Owned Subsidiary means each Subsidiary of the Parent which is not a Wholly-Owned Subsidiary of the Parent.

Non-Wholly Owned Subsidiary has the meaning set forth in Section 5.2(d).

Non-Wholly Owned Subsidiary. In respect of any Loan Party, any other Person in whom such Loan Party holds an equity Investment which is not a Wholly Owned Subsidiary.

Non-Wholly Owned Subsidiary means any Subsidiary all of the Equity Interests in which (except directors’ qualifying shares and as a result of the PDH Minority Interest) are not, at the time, directly or indirectly owned by ESI, other than any Subsidiary that becomes a Non-Wholly Owned Subsidiary after the Closing Date as a result of (A) the Disposition or issuance of Equity Interests of such Subsidiary, in either case, to a Person that is an Affiliate, (B) any transaction entered into primarily for the purpose of such Subsidiary ceasing to constitute a Guarantor or (C) the Disposition or issuance of Equity Interest of such Subsidiary for less than the fair market value of such shares (as reasonably determined by the Borrower).