Subsidiary Assets definition

Subsidiary Assets means the total assets of a Subsidiary of Glencore plc excluding all intercompany assets and liabilities, all as reported in the latest consolidated financial statements of that Subsidiary (or, in relation to a Subsidiary of Glencore plc which does not have any Subsidiaries, the latest non- consolidated financial statements of such Subsidiary);

Subsidiary Assets means the assets of the relevant Subsidiary at net book value (excluding intercompany assets and goodwill) as shown on the most recently available balance sheet of such Subsidiary.

Subsidiary Assets has the meaning set forth in Section 3.7(a) hereof.

Examples of Subsidiary Assets in a sentence

• For the avoidance of doubt, from the Distribution Date until the VF Option Closing Date, the Option Subsidiary shall be a member of the Kontoor Brands Group, the Option Subsidiary Assets shall be Kontoor Brands Assets and all Liabilities relating to, arising out of or in connection with or resulting from the Option Subsidiary Business or the Option Subsidiary Assets shall be Kontoor Brands Liabilities, in each case for all purposes of this Agreement.

• To the extent any of the Subsidiary Assets are currently held in the name of Parent, as of the date hereof, and immediately prior to the Effective Time, Parent hereby transfers, contributes, assigns, distributes and conveys to Subsidiary all of Parent’s right, title and interest, if any, in and to the Subsidiary Assets (the “Transfer”).

• To this end, Buyer agrees that after Closing XSL shall use the Subsidiary Assets in carrying on the same kind of business as the Business, whether or not as part of any existing business of XSL.

• He and Mr.Ka‘anā‘anā were able to meet with the PGA commissioner, and they were grateful that their partnership had been extended.

• The Lender’s Security in the Transaction Subsidiary Assets will effectively have priority over the security interest being granted to the Purchaser pursuant to the Security and Pledge Agreement.

More Definitions of Subsidiary Assets

Subsidiary Assets as defined in Section 6.5(a)(ii).

Subsidiary Assets means all assets, properties, goodwill and rights ----------------- of the Sold Subsidiaries of whatever kind or nature, real or personal, tangible or intangible, other than as contemplated by Section 5.16.

Subsidiary Assets means (a) any and all Assets expressly set forth on Schedule 2.1(a) hereto under the caption “Subsidiary Assets,” (b) any and all Assets previously transferred or intended to be transferred from Parent to Subsidiary pursuant to that certain Contribution Agreement dated February 3, 2006 by and between Parent and Subsidiary, (c) any and all Assets reflected in the Subsidiary Balance Sheet, and any and all Intellectual Property used primarily in the Subsidiary Business, which have not been disposed of or removed from the Subsidiary Balance Sheet between the date of the Subsidiary Balance Sheet and the Distribution Date, and (d) any and all Assets acquired by Subsidiary (or Parent on behalf of Subsidiary) after the date of the Subsidiary Balance Sheet that would be reflected in the balance sheet of Subsidiary as of the Distribution Date, if such balance sheet was prepared by Subsidiary in accordance with the same accounting principles under which the Subsidiary Balance Sheet was prepared.

Subsidiary Assets has the meaning stated in Section 5.12(b).

Subsidiary Assets. (i) any and all of each Obligor's equity ownership interests in any partnership or limited liability company which is a direct or indirect Domestic Subsidiary of the Borrower on Schedule 1(a) attached hereto or (ii) each Obligor's equity ownership interests in Moll Xxxstics SARL, a French limited liability company, listed on such Schedule 1(a) (collectively, the "LLCs"), including, without limitation, (A) all related rights, title and interest to participate in the operation or management of the LLCs and all its rights to properties, assets, partnership interests and distributions under the operating, partnership or other applicable organic agreement in respect thereof (collectively, the "LLC Interests"), (B) all related rights to receive dividends, distributions or such other payments arising out of such operating, partnership or other applicable organic agreement in respect of such Obligor's LLC Interests and (C) all related General Intangibles arising out of or constituted by such operating, partnership or other applicable organic agreement in respect of such Obligor's LLC Interests.

Subsidiary Assets means (a) any and all Assets expressly set forth on Schedule 2.1(a) hereto under the caption “Subsidiary Assets,” (b) any and all Assets reflected in the Subsidiary Balance Sheet, and any and all Intellectual Property used primarily in the Subsidiary Business, which have not been disposed of or removed from the Subsidiary Balance Sheet between the date of the Subsidiary Balance Sheet and the Distribution Date, and (c) any and all Assets acquired by Subsidiary (or Parent on behalf of Subsidiary) after the date of the Subsidiary Balance Sheet that would be reflected in the balance sheet of Subsidiary as of the Distribution Date, if such balance sheet was prepared by Subsidiary in accordance with the same accounting principles under which the Subsidiary Balance Sheet was prepared.

Subsidiary Assets means all assets, properties, goodwill and rights of the Sold Subsidiaries of whatever kind or nature, real or personal, tangible or intangible, other than as contemplated by Section 5.16.