Partly Owned Company definition

Partly Owned Company means the Target Companies partly owned by the Issuer and listed as such in Schedule 1 (The Property Companies and the Properties) of the Intercreditor Agree- ment, which Schedule shall be updated (by relying on the information provided by the Issuer) by the Security Agent promptly upon the request of the Issuer after Transaction Security over any new acquired Partly Owned Company Shares has been created provided that all necessary information has been delivered to the Security Agent. For the sake of clarity, a partly owned company shall be a "Partly Owned Company" for the purposes of the Notes Finance Docu- ments only if (i) the acquisition of such shares in the company has been financed under the Bank Finance Documents and/or Notes Finance Documents and/or funds standing to the credit of the Deposit Accounts and/or (ii) such shares are subject to Transaction Security.
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Partly Owned Company means the Target Companies partly owned by the Issuer and listed as such in Schedule 1 (The Property Companies and the Properties) of the Intercreditor Agree- ment, which Schedule shall be updated (by relying on the information provided by the Issuer) by the Security Agent promptly upon the request of the Issuer after Transaction Security over any new acquired Partly Owned Company Shares has been created provided that all necessary information has been delivered to the Security Agent.
Sample 1

Examples of Partly Owned Company in a sentence

  • Upon a sale or other disposal (voluntary or mandatory) of all or part of the shares in a Property Company, Partly Owned Company Shares, Parking Company Shares, Managing Com- pany Shares or a Property, in accordance with Clause 11.4 (Disposals), the Issuer shall apply an amount equal to the relevant Release Price in prepayment of the Secured Obligations, in the amount and in the order of application contemplated by Clause 14 (Distribution of Proceeds) and subject to Clause 11.4(f) (Disposals).

  • Upon a sale or other disposal (voluntary or mandatory) of all or part of the shares in a Property Company, Partly Owned Company Shares, Parking Company Shares, Managing Company Shares or a Property, in accordance with Clause 11.4 ( Disposals), the Issuer shall apply an amount equal to the relevant Release Price inseventy-five (75) per cent.

  • Upon a sale or other disposal (voluntary or mandatory) of all or part of the shares in a Property Company, Partly Owned Company Shares, Parking Company Shares, Managing Company Shares or a Property, in accordance with Clause 11.4 ( Disposals), the Issuer shall apply an amount equal to the relevant Release Price in prepayment of the Secured Obligations, in the amount and in the order of application contemplated by Clause 14 (Distribution of Proceeds) and subject to Clause 11.4(f) (Disposals).

  • Upon a sale or other disposal (voluntary or mandatory) of all or part of the shares in a Property Company, Partly Owned Company Shares, Parking Company Shares, Managing Company Shares or a Property, in accordance with Clause 11.4 ( Disposals), the Issuer shall apply an amount equal to seventy-five (75) per cent.

Related to Partly Owned Company

  • Wholly-Owned Affiliate has the meaning specified in Rule 2 of Regulation RR.

  • Wholly-Owned means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable Law) are owned by such Person and/or by one or more wholly owned Subsidiaries of such Person.

  • Owned Company IP means the Intellectual Property that is owned by the Company or any of the Company Subsidiaries.

  • Combined Company means Holdco and its consolidated subsidiaries after giving effect to the Business Combination.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Black woman-owned enterprise means an enterprise with at least 25, 1% representation of black women within the black equity and management portion.

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

  • Minority Owned Business Enterprise or "MBE" means a firm awarded certification as a minority owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a minority owned and controlled business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Wholly Owned Subsidiary of any Person means a Subsidiary of such Person all of the outstanding Capital Stock or other ownership interests of which (other than directors' qualifying shares) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries of such Person and one or more Wholly Owned Subsidiaries of such Person.

  • Minority or Women-Owned Business Enterprise means a business enterprise, including a sole proprietorship, partnership or corporation that is:

  • Converted entity means the converting entity as it continues in existence after a conversion.

  • Surviving Business Entity has the meaning assigned to such term in Section 14.2(b).

  • State-owned enterprise means an enterprise, including any subsidiary, in which a Party, directly or indirectly:

  • Corporate Affiliate means any parent or subsidiary corporation of the Corporation (as determined in accordance with Code Section 424), whether now existing or subsequently established.

  • Company Owned IP means all Intellectual Property owned by, purported to be owned by, or exclusively licensed to, the Group Companies.

  • Woman owned business means a woman owned business that is a continuing, independent, for profit business which performs a commercially useful function, and is at least fifty-one percent (51%) owned and controlled by one or more women; or, in the case of any publicly owned business, at least fifty-one percent (51%) of the stock of which is owned and controlled by one (1) or more women and whose management and daily business operations are under the control of one (1) or more women.

  • Nonresident unincorporated business entity means an unincorporated business entity not having an office or place of business within the Municipality.

  • Company Joint Venture means any corporation or other entity (including partnership, limited liability company and other business association) that is not a Company Subsidiary and in which the Company or one or more Company Subsidiaries owns an equity interest (other than equity interests held for passive investment purposes which are less than 5% of any class of the outstanding voting securities or other equity of any such entity).

  • Wholly-Owned Foreign Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Foreign Subsidiary.

  • Resident unincorporated business entity means an unincorporated business entity having an office or place of business within the Municipality.

  • Business Entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Business Entity/Vendor means any natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of New Jersey or any other state or foreign jurisdiction. The definition also includes (i) if a business entity is a for-profit corporation, any officer of the corporation and any other person or business entity that owns or controls 10% or more of the stock of the corporation; (ii) if a business entity is a professional corporation, any shareholder or officer; (iii) if a business entity is a general partnership, limited partnership or limited liability partnership, any partner; (iv) if a business entity is a sole proprietorship, the proprietor; (v) if the business entity is any other form of entity organized under the laws of New Jersey or any other state or foreign jurisdiction, any principal, officer or partner thereof; (vi) any subsidiaries directly or indirectly controlled by the business entity; (vii) any political organization organized under 26 U.S.C.A. § 527 that is directly or indirectly controlled by the business entity, other than a candidate committee, election fund, or political party committee; and (viii) with respect to an individual who is included within the definition of “business entity,” that individual's civil union partner and any child residing with that person. 1

  • Wholly Owned Domestic Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Domestic Subsidiary of such person.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Company.