SFL Holdings definition

SFL Holdings means SFL Holdings LLC, a Delaware limited liability company and a direct, wholly-owned subsidiary of SFL.
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Examples of SFL Holdings in a sentence

  • Upon acceptance of the Vessel by SFL Holdings under the MOA on the Vessel Delivery Date, SFL Holdings will immediately transfer all of its right, title and interest in the Vessel to the Owner and the Owner will purchase SFL Holding’s right, title and interest in the Vessel at the Adjusted Average Purchase Price thereof.

  • It is recognized and acknowledged that SFL Holdings has entered into the MOA pursuant to the Agreement to Acquire and Charter for the purpose of transferring title to the Vessel to the Owner for charter to the Charterer hereunder.

  • In addition, prior to such transfer, SFL Holdings or each of the Owners, as the case may be, shall be entitled to distribute all assets not related to the applicable Vessel as a dividend to its respective parent company.

  • Physical delivery of the Vessel to SFL Holdings under the MOA shall be made at the place at which the Vessel is delivered by the Shipbuilder to the Seller in accordance with the Building Contract and on the same day, immediately after delivery of the Vessel by the Shipbuilder to the Seller.

  • SFL, Holdings and the Owners shall have received evidence reasonably satisfactory to SFL that upon delivery of the Vessel by the Seller thereof to Holdings, the Vessel will be documented under the laws of Liberia or Panama in the name of the relevant Owner, free and clear of all recorded liens, claims, or encumbrances other than for a first preferred mortgage in favor of the Security Trustee under the Credit Agreement and any Owner Liens (as defined in the Charters).

  • SFL, Holdings and the relevant Owner shall have received satisfactory evidence of the existence of all insurance covering the subject Vessel required by the relevant Charter, including the broker’s undertaking, and the payment of premiums thereon consistent with the required payment provisions of the underlying insurance policies and meeting the requirements of the Credit Agreement.

  • HLL shall have received a legal opinion from Xxxxxx & Xxxxxx LLP, counsel to SFL, Holdings and the Owners, in form and substance reasonably satisfactory to HLL.

  • This consent will lapse if the Shares have not been acquired by, and transferred to, either New Zealand Standard Farm Limited or SFL Holdings Limited within five years of the date of consent.

  • All of the Transaction Documents shall have been duly executed and delivered by the applicable parties thereto, and SFL, Holdings and the Owners shall be in material compliance with all the material terms of the Transaction Documents.

  • During the term of any Charter, neither SFL, Holdings nor any Owner shall apply for subsidy under the U.S. Maritime Security Program (“MSP”) with respect to any Vessel.

Related to SFL Holdings

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • Holdings LLC Agreement means the Amended and Restated Limited Liability Company Agreement of Holdings dated as of the Closing Date.

  • Holdings as defined in the preamble hereto.

  • 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;

  • Holdco has the meaning set forth in the Preamble.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Acquisition Subsidiary shall have the meaning set forth in the Preamble.

  • OpCo has the meaning set forth in the Preamble.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • 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.

  • Topco has the meaning set out in the Preamble;

  • Intermediate Holdco as defined in the preamble to this Agreement.

  • Successor Holdings has the meaning assigned to such term in Section 6.03(a)(v).

  • Foreign Holding Company means any Subsidiary all or substantially all of the assets of which are comprised of Equity Interests in one or more Foreign Subsidiaries or CFC Debt.

  • 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.

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • 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.

  • GP means Gottbetter & Partners, LLP.

  • 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:

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Intermediate Holdings shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • RSC means the Regional Security Coordinator(s) (RSC(s)) appointed for CCR Hansa, unless it is explicitly otherwise stated, according to Article 77(1)(a) of the SO Regulation that will perform the tasks allocated to this(these) RSC(s) according to Article 77(1)(c)(i) of the SO Regulation;

  • MLP has the meaning given such term in the introduction to this Agreement.