Qualified Subsidiaries definition

Qualified Subsidiaries means all Subsidiaries of AOL other than: (i) any non-U.S. subsidiary of AOL and (ii) AOL LLC.

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Qualified Subsidiaries means one or more subsidiaries of Holding or the Bank which are deemed to be a "company controlled by the parent company" under Rule 3a-5, as amended, of the 1940 Act.

Qualified Subsidiaries means one or more subsidiaries of the Bank which are (i) deemed to be a “company controlled by the parent company” under Rule 3a-5, as amended, of the Investment Company Act and (ii) in relation to the holding of the Trust Common Securities only, a United States Person for purposes of Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended from time to time, or any successor legislation.

Examples of Qualified Subsidiaries in a sentence

The Class A Preferred Security, at any time outstanding, shall be owned by the Bank or one or more Qualified Subsidiaries.
The Grantor, for so long as any Trust Preferred Securities remain outstanding, shall maintain, or shall cause any one or more Qualified Subsidiaries (each, a “Potential Securityholder”) to maintain, 100% ownership of the Trust Common Securities.
Borrower shall use the proceeds of Revolving Credit Loans for Permitted Acquisitions and to provide for the ongoing working capital and general corporate purposes of Borrower and its Qualified Subsidiaries, in each case, after the Closing Date.
So long as the Class A Holders own any shares of Class A Stock, the Company shall not issue any shares of Class A Stock to any Person other than FT, DT, their respective Qualified Subsidiaries and Qualified Stock Purchasers.
AANAH, as the initial Holder of the Trust Common Securities, shall have the right to transfer the Trust Common Securities to the Guarantor, the Bank or any one or more Qualified Subsidiaries.
No Person other than the Guarantor, the Bank, AANAH, or one or more Qualified Subsidiaries is permitted to own the Trust Common Securities.
Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrowers on behalf of Holdings, the Borrowers or any Qualified Subsidiaries delivered to the Issuing Lender (with a copy to the Administrative Agent) in the form of a L/C Application.
It is understood and agreed that the Purchaser (or a Qualified Subsidiary of the Purchaser) currently expects to, and nothing in the Transaction Agreements shall restrict the Purchaser (or its Qualified Subsidiary) from, transferring any shares of Surviving Corporation Common Stock, or assigning any rights under the Transaction Agreements, to one or more Qualified Subsidiaries of the Purchaser.
A copy of each Contract, which shall have been previously reviewed and accepted by Agent, the accounts receivable or costs in excess of ▇▇▇▇▇▇▇▇ of Borrowers or Foreign Qualified Subsidiaries with respectto which are requested to be included in the Borrowing Base and a summary of the terms of each such Contract.
Borrower shall use the proceeds of Revolving Credit Loans for asset purchases pursuant to the Acquisition Documentation, Permitted Acquisitions and to provide for the ongoing working capital and general corporate purposes of Borrower and its Qualified Subsidiaries, in each case, after the Closing Date and for the Transactions on the Closing Date.

More Definitions of Qualified Subsidiaries

Qualified Subsidiaries means, without duplication, (a) Chartis Inc., Chartis International, LLC, Chartis U.S., Inc., National Union Fire Insurance Company of Pittsburgh, Pa., American Home Assurance Company, SunAmerica Financial Group, Inc. and SAFG Retirement Services, Inc.; (b) any Subsidiary (other than Western National Life Insurance Company, American General Life Insurance Company and AGC Life Insurance Company) that has total assets in excess of 10% of the consolidated total assets of the Company and its Subsidiaries (based upon and as of the date of delivery of the most recent consolidated balance sheet of the Company furnished pursuant to Section 3.05(a) or 5.01); provided that if the total assets of any of Western National Life Insurance Company, American General Life Insurance Company or AGC Life Insurance Company are in excess of 15% of the consolidated total assets of the Company and its Subsidiaries (based upon and as of the date of delivery of the most recent consolidated balance sheet of the Company furnished pursuant to Section 3.05(a) or 5.01), then such entity exceeding such threshold shall be deemed a Qualified Subsidiary; (c) any Subsidiary formed or organized after the date hereof that owns, directly or indirectly, greater than 10% of the Equity Interests in any other Qualified Subsidiary; and (d) each Subsidiary Borrower (so long as it remains a Subsidiary Borrower hereunder).