Permitted Holding Company means GDF Suez or any company or other legal entity whose share capital (or equivalent) and associated voting rights are controlled (within the meaning of Article L.233-3 of the French Code de commerce) by GDF Suez, and any successor to each of GDF Suez or any such company or other legal entity;
Permitted Holding Company means each and any company or other legal entity whose share capital (or equivalent) and associated voting rights are controlled (within the meaning of article L 233-3 of the French Code de Commerce) by Pierre Bellon and his children and/or any of his heirs, successors and/or beneficiaries through which any or all such persons at any time hold directly or indirectly shares in the capital of the Issuer.A “Rating Downgrade” shall be deemed to have occurred in respect of a Change of Control or Potential Change of Control if within the Change of Control Period or Potential Change of Control Period, as the case may be, the rating previously assigned to the Bonds by any rating agency solicited by the Issuer is (x) withdrawn or(y) changed from an investment grade rating (BBB-, or its equivalent for the time being, or better) to a non-investment grade rating (BB+, or its equivalent for the time being, or worse) or (z) if the rating previously assigned to the Bonds by any rating agency solicited by the Issuer was below an investment grade rating (as described above), lowered by at least one full rating notch (for example, from BB+ to BB; or their respective equivalents), provided that (i) a Rating Downgrade otherwise arising by virtue of a particular change in rating shall be deemed not to have occurred in respect of a particular Change of Control or Potential Change of Control, as the case may be, if the rating agency does not publicly announce or publicly confirm that the reduction was the result of the Change of Control or Potential Change of Control, as the case may be, and (ii) any Rating Downgrade must have been confirmed in a letter or other form of written communication sent to the Issuer and publicly disclosed.
Permitted Holding Company means each and any company or other legal entity which is directly or indirectly controlled or co-controlled by a Relevant Person, whether through ownership of voting capital, by contract or otherwise.
Examples of Permitted Holding Company in a sentence
A “Change of Control” shall be deemed to have occurred at each time that any person or persons acting in concert (other than a Permitted Holding Company (as defined below) acting alone or in concert) come(s) to own or acquire(s) such number of the shares in the capital of the Issuer carrying more than 50 per cent.
Holdco undertakes that it is and will remain a special purpose company and that it will not engage, in any trading, business or other activities (either alone or in partnership or joint venture) or incur any liabilities, other than a Permitted Holding Company Activity.
Holdco is a special purpose company and has not carried on, and will not carry on, any business or incurred any liabilities other than by entering into and performing the Finance Documents (together with the payment of amounts pursuant to, or in connection with, such arrangements) and performing Permitted Holding Company Activities.
A Change of Control will be deemed to have occurred each time a person or persons acting in concert (agissant de concert, as defined in Article L.233-10 of the French Code de commerce), other than a Permitted Holding Company, come(s) to own or acquire(s) (directly or indirectly) such number of shares in the capital of the Issuer as carry more than 50 per cent.
Trying to create larger frame for understanding investment in infrastructure.
More Definitions of Permitted Holding Company
Permitted Holding Company means ENGIE (formerly GDF Suez) or any company or other legal entity whose share capital (or equivalent) and associated voting rights are controlled (within the meaning of Article L.233-3 of the French Code de commerce) by ENGIE, and any successor to each of ENGIE or any such company or other legal entity;
Permitted Holding Company any direct or indirect parent of the US Borrower (including Holdings) that does not hold Capital Stock of any Person other than the US Borrower or another Permitted Holding Company.
Permitted Holding Company means each and any company or other legal entity whose share capital (or equivalent) and associated voting rights are controlled (within the meaning of article L 233-3 of the French Code de Commerce) by Xxxxxx Xxxxxx and his children and/or any of his heirs, successors and/or beneficiaries through which any or all such persons at any time hold directly or indirectly shares in the capital of the Issuer. A “Rating Downgrade” shall be deemed to have occurred in respect of a Change of Control or Potential Change of Control if within the Change of Control Period or Potential Change of Control Period, as the case may be, the rating previously assigned to the 2029 Bonds by any rating agency solicited by the Issuer is (x) withdrawn or (y) changed from an investment grade rating (BBB-, or its equivalent for the time being, or better) to a non-investment grade rating (BB+, or its equivalent for the time being, or worse) or (z) if the rating previously assigned to the 2029 Bonds by any rating agency solicited by the Issuer was below an investment grade rating (as described above), lowered by at least one full rating notch (for example, from BB+ to BB; or their respective equivalents), provided that (i) a Rating Downgrade otherwise arising by virtue of a particular change in rating shall be deemed not to have occurred in respect of a particular Change of Control or Potential Change of Control, as the case may be, if the rating agency does not publicly announce or publicly confirm that the reduction was the result of the Change of Control or Potential Change of Control, as the case may be, and (ii) any Rating Downgrade must have been confirmed in a letter or other form of written communication sent to the Issuer and publicly disclosed.
Permitted Holding Company any direct or indirect parent of Mid-Holdings (including Holdings) that does not hold Capital Stock of any Person other than Mid-Holdings or another Permitted Holding Company.
Permitted Holding Company means each and any company or other legal entity whose share capital (or equivalent) and associated voting rights are controlled (within the meaning of Article
Permitted Holding Company means (a) from and after the time the common stock of the U.S. Parent is not listed on a United States or non-United States national or regional securities exchange or traded through the National Association of Securities Dealers Automated Quotation System or similar system, a Person organized and validly existing under the laws of the United States of America, any state thereof or the District of Columbia, the Bahamas, Barbados, Bermuda, the British Virgin Islands, the Cayman Islands, any of the Channel Islands, France, Luxembourg, the United Kingdom, the Netherlands or the Netherlands Antilles that, immediately after such time, had substantially the same stockholders, directly or indirectly, as the U.S. Parent immediately prior to such time, (b) from and after the sale, conveyance, assignment, transfer, lease or other disposition of all or substantially all of the U.S. Parent's and its Subsidiaries' assets, the U.S. Parent and (c) each wholly-owned Subsidiary of another Permitted Holding Company that directly or indirectly owns the common stock of the U.S. Parent.
Permitted Holding Company means each and any company or other legal entity whose share capital (or equivalent) and associated voting rights are controlled (within the meaning of ArticleL. 233-3 of the French Code de commerce) by Rallye S.A. or by any company or other legal entity controlling (within such meaning) the share capital (or equivalent) and associated voting rights of Rallye S.A.