Restricted Parent definition

Restricted Parent means ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Holdings, Inc., a Delaware corporation and any of its successors under the terms of this Indenture.

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Restricted Parent means Taylor Morrison Holdings, Inc., a Delaware corporation and any of its successors under the terms of this Indenture. “Restricted Period” means the 40-day distribution compliance period as defined in Regulation S.

Restricted Parent means Taylor Morrison Holdings, Inc., a Delaware corporation and any of its successors under the terms of this

Examples of Restricted Parent in a sentence

• Any designation of a Subsidiary of the Restricted Parent as an Unrestricted Subsidiary shall be evidenced to the Trustee by filing with the Trustee a certified copy of a resolution of the Board of Directors of the Restricted Parent giving effect to such designation and an Officer’s Certificate certifying that such designation complied with the preceding conditions.

• If, at any time, any Unrestricted Subsidiary would fail to meet the requirements of an Unrestricted Subsidiary, it shall thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Liens of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary of the Restricted Parent as of such date and, if such Liens are not permitted to be incurred as of such date under Section 4.08, the Restricted Parent shall be in Default of Section 4.08.

• The Restricted Parent shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders.

• Notwithstanding the foregoing, the Restricted Parent shall not be released from its Note Guarantee.

• In addition, the Restricted Parent shall not, and shall not permit its Restricted Subsidiaries to, directly or indirectly, lease all or substantially all of the properties and assets of the Restricted Parent and its Restricted Subsidiaries, taken as a whole, in one or more related transactions, to any other Person.

• For the avoidance of doubt, prior to the Forfeiture Date, all of the holders of Restricted Parent Shares shall have the right to vote such shares and to receive dividends with respect to such shares.

• Each holder of Restricted Parent Shares will have voting rights with respect to Restricted Parent Shares (and other voting securities) held by Parent on its behalf.

• Cash dividends on Restricted Parent Shares will be distributed to the holder of such Restricted Parent Shares on whose behalf the Restricted Parent Shares are being held by Parent.

• Cash and certificates representing the Restricted Parent Shares shall be held by Parent until such shares and cash are no longer subject to repurchase or forfeiture.

• The Board of Directors of the Issuer or the Restricted Parent may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary.

More Definitions of Restricted Parent

Restricted Parent means Taylor Morrison Holdings, Inc., a Delaware corporation, and any of its successors under the terms of this Indenture; provided that if Taylor Morrison Holdings, Inc. is released as a Guarantor pursuant to Section 10.05(d), all references to Taylor Morrison Holdings, Inc. in this Indenture shall instead mean the Issuer.