South African Subsidiary definition

South African Subsidiary means any member of the Group organized or conducting a material portion of its business in South Africa. “South African Subsidiary” shall not include any member of the Group organized in a jurisdiction other than South Africa whose only South African business is the ownership of stock of Subsidiaries organized in South Africa.
Sample 1Sample 2Sample 3
South African Subsidiary means any member of the Group incorporated in South Africa.
Sample 1Sample 2Sample 3
South African Subsidiary shall not include any member of the Group organized in a jurisdiction other than South Africa whose only South African business is the ownership of stock of Subsidiaries organized in South Africa.
Sample 1Sample 2Sample 3

Examples of South African Subsidiary in a sentence

  • Directors and prescribed officers must notify the South African Subsidiary or Affiliate in writing of their interest in the Company and the number and class of Shares or rights to which the interest relates as soon as practically possible and/or where relevant in relation to any decisions affecting the South African Subsidiary or Affiliate.

  • Directors and prescribed officers of the Company’s South African Subsidiary or Affiliate are subject to certain notification requirements under the South African Companies Act.

  • The South African Subsidiary records taxable income based on the sale to its Foreign Parent.

  • Result:A primary adjustment in terms of section 31 is effected, whereby the taxable income of the South African Subsidiary is increased to reflect the arm’s length price of R100 million.

  • Result: Although South African Subsidiary would normally be allowed to deduct the licensing fee over the five-year period (i.e, at R10 million per annum), the deductions are suspended because the payee (i.e. Foreign Parent) is not subject to normal tax.


More Definitions of South African Subsidiary

South African Subsidiary means each Subsidiary of any Borrower organized under the laws of South Africa.
Sample 1Sample 2Sample 3
South African Subsidiary means Xxxxxx Mechanical Handling (Pty) Limited.
Sample 1Sample 2Sample 3
South African Subsidiary means each of Exxaro Sands Proprietary Limited and Exxaro TSA Sands Proprietary Limited.
Sample 1Sample 2
South African Subsidiary shall not include any member of the Group organized in a jurisdiction other than South Africa whose only South African business is the ownership of stock of Subsidiaries organized in South Africa. “Spanish Obligor” means an Obligor incorporated or formed in Spain.
Sample 1
South African Subsidiary means Hi-Tec Sports Distributors (PTY) LTD, a private limited company registered in South Africa on 20 November 1985 with registration number 1985/005253/07 and having its registered office at 40 Gold Street, Northgate Estate, Brooklyn, Cape Town 7405 and whose entire issued share capital comprising 200 ordinary shares are held by the South African Holdco;
Sample 1
South African Subsidiary means Hi-Tec Sports Distributors (PTY) LTD, a private limited company registered in South Africa on 20 November 1985 with registration number 1985/005253/07 and having its registered office at 00 Xxxx Xxxxxx, Xxxxxxxxx Xxxxxx, Xxxxxxxx, Xxxx Xxxx 0000 and whose entire issued share capital comprising 200 ordinary shares are held by the South African Holdco;
Sample 1
South African Subsidiary means Cxxxxxx May Africa (Pty) Ltd; Tax Act means the Corporation Tax Axx 0000; Tax Claim means any claim by the Buyer under the Tax Covenant or any of the Tax Warranties;
Sample 1