Permitted Holding Company Activity definition

Permitted Holding Company Activity means:
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Permitted Holding Company Activity means, with respect to a Holding Company any activities, transactions and arrangements: (1) related to the incurrence of Debt represented by the Notes or the Super Senior Notes; (2) related to the payment of dividends, the making of distributions to its parent company or payments permitted by Section 4.07; (3) undertaken with the purpose of, and directly related to, granting, entering into or fulfilling its obligations under any Security Document or Subsidiary Guarantee to which it is a party; (4) undertaken with the purpose of, or directly related to, the fulfilment of any other obligations, and the exercise of any other rights, under any Liens permitted to be incurred under the Indenture; (5) related or reasonably incidental to the establishment and/or maintenance of its corporate existence and the corporate existence of its Subsidiaries, if any; (6) involving the provision of administrative services and management services to its Subsidiaries, if any, of a type customarily provided by a holding company to its Subsidiaries and the ownership of assets needed to provide such service (which, for the avoidance of doubt, shall not include any other assets not necessary for such holding company activities); (7) related to the ownership of the Capital Stock of its immediate Subsidiary, if any; (8) related to the ownership of cash and Cash Equivalents; (9) reasonably related to the foregoing; and (10) not specifically enumerated above that is de minimis in nature.
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Permitted Holding Company Activity means, in respect of each Obligor and the Parent (unless otherwise specified below):
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Examples of Permitted Holding Company Activity in a sentence

  • 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.

  • Except for Permitted Holding Company Activity, before Closing, the Company has not traded or incurred any liabilities or commitments (actual or contingent, present or future).

  • Except for any Permitted Holding Company Activity, on or before the Closing Date neither the Parent nor the Company has traded, carried on any business or incurred any material liabilities or commitments (actual or contingent, present or future) or entered into any contract.

  • Neither the Company or the Parent shall trade, carry on any business, own any material assets or incur any material liabilities except for a Permitted Holding Company Activity or pursuant to this Agreement.

  • Notwithstanding anything to the contrary in this Agreement or any other Finance Document, (a) prior to the Closing Date, no Newco, and (b) on or after the Closing Date, none of Luxco2, Luxco3, the Parent, Bondco and German International Holdco, in each case shall trade, carry on any business, own any assets or incur any liabilities unless it is a Permitted Holding Company Activity.


More Definitions of Permitted Holding Company Activity

Permitted Holding Company Activity means activities, assets and liabilities:
Sample 1
Permitted Holding Company Activity means, with respect to a Holding Company any activities, transactions and arrangements: (1) related to the incurrence of Debt represented by the Notes or the Existing Notes (2) related to the payment of dividends, the making of distributions to its parent company or payments permitted by Section 4.07; (3) undertaken with the purpose of, and directly related to, granting, entering into or fulfilling its obligations under any Security Document or Subsidiary Guarantee to which it is a party; (4) undertaken with the purpose of, or directly related to, the fulfilment of any other obligations, and the exercise of any other rights under any Liens permitted to be incurred under this Indenture; (5) related or reasonably incidental to the establishment and/or maintenance of its corporate existence and the corporate existence of its Subsidiaries, if any; (6) involving the provision of administrative services and management services to its Subsidiaries, if any, of a type customarily provided by a holding company to its Subsidiaries and the ownership of assets needed to provide such service (which, for the avoidance of doubt, shall not include any other assets not necessary for such holding company activities); (7) related to the ownership of the Capital Stock of its immediate Subsidiary, if any; (8) related to the ownership of cash and Cash Equivalents; (9) reasonably related to the foregoing; and (10) not specifically enumerated above that is de minimis in nature.
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Related to Permitted Holding Company Activity

  • CFC Holding Company means any Domestic Subsidiary that owns no material assets (directly or indirectly) other than Equity Interests and debt of one or more CFCs or Domestic Subsidiaries that are themselves CFC Holding Companies.

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a Delaware limited liability company that is treated as a disregarded entity for U.S. federal income tax purposes, the primary asset of which consists of Equity Interests in either (i) one or more Foreign Subsidiaries or (ii) a Delaware limited liability company the primary asset of which consists of Equity Interests in one or more Foreign Subsidiaries.

  • Public utility holding company means: (1) any company that,

  • Bank Holding Company means a company registered as such with the Board of Governors of the Federal Reserve System pursuant to 12 U.S.C. §1842 and the regulations of the Board of Governors of the Federal Reserve System thereunder.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Permitted Holder means (a) Xxxxxxx X. Xxxxxxx, (b) any of his immediate family members or his or their respective heirs by operation of law, will or intestacy or (c) any trust, corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons beneficially holding a 50.1% or more controlling interest of which consist of Xxxxxxx X. Xxxxxxx and/or his immediate family members.

  • Restricted Group Collectively, the following persons and entities: the Trustee; the Underwriters; the Depositor; the Master Servicer; the Special Servicer; any Sub-Servicers; the Sponsors; each Mortgagor, if any, with respect to Mortgage Loans constituting more than 5% of the total unamortized principal balance of all the Mortgage Loans in the Trust Fund as of the Closing Date; and any and all Affiliates of any of the aforementioned Persons.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Permitted Holdings Debt has the meaning assigned to such term in Section 6.01(a)(xviii).

  • UCITS management company means a management company as defined in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)1;

  • Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.