Shell Corporation definition

Shell Corporation means any Person created or established by the U.S. Borrower or any of its Wholly-Owned Subsidiaries, so long as (i) the aggregate amount of assets at any time held by any such Person does not exceed $10,000 and (ii) the aggregate amount of assets at any time held by all Shell Corporations at any time in existence does not exceed $100,000, it being understood that at such time as the assets of any Person which was a “Shell Corporation” exceed $10,000 or the assets of all Persons which were “Shell Corporations” exceeds $100,000, all such Persons shall cease to be Shell Corporations for purposes of this definition.
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Shell Corporation means any Person created or established by the Borrower or any of its Wholly-Owned Subsidiaries, so long as (i) the aggregate amount of assets at any time held by any such Person does not exceed $10,000 and (ii) the aggregate amount of assets at any time held by all Shell Corporations at any time in existence does not exceed $100,000, it being understood that at such time as the assets of any Person which was a “Shell Corporation” exceed $10,000 or the assets of all Persons which were “Shell Corporations” exceeds $100,000, all such Persons shall cease to be Shell Corporations for purposes of this definition.
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Shell Corporation means any Person created or established by the Borrower or any of its Wholly-Owned Subsidiaries, so long as (i) the aggregate amount of assets at any time held by any such Person does not exceed $25,000 and (ii) the aggregate amount of assets at any time held by all Shell Corporations at any time in existence does not exceed $250,000, it being understood that at such time as the assets of any Person which was a “Shell Corporation” exceed $25,000 or the assets of all Persons which were “Shell Corporations” exceeds $250,000, all such Persons shall cease to be Shell Corporations for purposes of this definition.
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Examples of Shell Corporation in a sentence

  • He is a board member of the Philippine National Museum, Caritas Manila, Pilipinas Shell Corporation; and Pilipinas Shell Foundation.

  • In a “Future of Energy” study con- ducted by the Shell Corporation, they predict that:By 2050, over 60 percent of electricity comes from renewable resources.

  • The Supreme Education Council, in cooperation with the Ministry of Interior and the Shell Corporation, organized a workshop entitled “The general educational framework for road safety in Qatar”.

  • Especially since Ken Saro Wiwa and eight others were executed in Nige- ria, with apparent complicity from Royal Dutch Shell Corporation, the link between business and human rights has become subject to a very public debate (Avery 2000: 7).

  • Shell Corporation is at 6 years and counting on its permits for oil and gas exploration in Beaufort Bay.

  • A deductive methodology for generating scenarios widely attributed to the Shell Corporation.

  • In a 1967 speech at a conference on youth and leadership Lee observes: ‘And it is this as yet unmeasurable quality called “character” which, plus your mental capacity or knowledge or discipline, makes for leadership.’34 Lee frequently refers to ‘helicopter qualities’ of leadership, a reference to the Shell Corporation system of selection.

  • By doing so, you will greatly in‑ crease the likelihood that these people or institutions will see this media coverage directly.

  • A Flag State Endorsement is a certificate issued by a the ship’s Flag Administration to a mariner accepting the validity of a mariner’s Certificate of Competency issued by another country.

  • Shell Corporation is at six years and counting on its permits for oil and gas exploration in Beaufort Bay.And the Port of Savannah, Georgia has spent thirteen years reviewing a potential dredging project, with no end to the review process in sight.


More Definitions of Shell Corporation

Shell Corporation means, subject to the provisions of Section 8.11(e), any corporation established to effect a Permitted Acquisition which has not yet occurred, so long as the aggregate amount of assets at any time held by all Shell Corporations at any time in existence does not exceed $100,000, it being understood that at the time of the consummation of the respective Permitted Acquisition or at such time as the assets of any corporation which was a Shell Corporation exceed $100,000, such corporation shall cease to be a Shell Corporation.
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Shell Corporation means a corporation without business operations, liabilities or assets in excess of U.S. $100,000;
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Shell Corporation means any corporation established to effect a Permitted Acquisition which has not yet occurred, so long as the aggregate amount of assets at any time held by all Shell Corporations at any time in existence does not exceed $100,000. At the time of the consummation of the respective Permitted Acquisition or at such time as the assets of any corporation which was a Shell Corporation exceed $100,000, such corporation shall cease to be a Shell Corporation. At such time as the assets of all corporations which theretofore constitute Shell Corporations exceed $100,000 in the aggregate, the Borrower shall notify the Administrative Agent as to which corporations shall cease to constitute Shell Corporations or, in the absence of such designation, all such corporations shall at such time cease to be Shell Corporations.
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Related to Shell Corporation

  • Public corporation means the same as that term is defined in Section 63E-1-102.

  • of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.

  • Professional corporation means a corporation incorporated under former 1962 PA 192, or a corporation incorporated under this act and governed by chapter 2A.

  • S corporation means a person that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for its taxable year.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.

  • General Corporation Law means the General Corporation Law of the State of Delaware, as amended from time to time.

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • Delaware General Corporation Law means the Delaware General Corporation Law, 8 Del. C.ss.100, et. seq., as amended from time to time.

  • Amalgamating Corporations means both of them;

  • Subchapter S Corporation (as defined in the Internal Revenue Code of 1986, as amended), Borrower may pay cash dividends on its stock to its shareholders from time to time in amounts necessary to enable the shareholders to pay income taxes and make estimated income tax payments to satisfy their liabilities under federal and state law which arise solely from their status as Shareholders of a Subchapter S Corporation because of their ownership of shares of stock of Borrower, or (d) purchase or retire any of Borrower's outstanding shares or alter or amend Borrower's capital structure.

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • Cooperative Corporation The entity that holds title (fee or an acceptable leasehold estate) to the real property and improvements constituting the Cooperative Property and which governs the Cooperative Property, which Cooperative Corporation must qualify as a Cooperative Housing Corporation under Section 216 of the Code.

  • Participating Corporation means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component.

  • Business Corporations Act means the Business Corporations Act (British Columbia) from time to time in force and all amendments thereto and includes all regulations and amendments thereto made pursuant to that Act;