Examples of Performing Subsidiary in a sentence
The Annual Cash Flow Cap does not apply to payments of interest, if any, to AICF and is consistent with contractual obligations of the Performing Subsidiary and the Company under the AFFA.
Under the terms of the AFFA, the Performing Subsidiary has an obligation to make payments to AICF on an annual basis.
Among other items, the Company records a deferred tax asset for the anticipated future tax benefit the Company believes is available to it that arise from amounts contributed to AICF by the Performing Subsidiary.
The Performing Subsidiary agrees in favour of the Trustee that it will make the Funding Payments to the Trustee at the times those payments are required to be made under this deed and shall be liable to make such payments when due and payable to the Trustee by way of a specialty debt owing to the Trustee, as evidenced and constituted by this deed.
Such limits are consistent with the contractual liabilities of the Performing Subsidiary and the Company under the Amended FFA.