Subsidiary Dividend definition
Examples of Subsidiary Dividend in a sentence
The Company shall pay any amount not permitted to be funded through a Subsidiary Dividend or to be used to purchase such shares with a Buy-Out Note.
The Company shall fund any amount not permitted to be funded through a Subsidiary Dividend or to be used to purchase such shares with a Buy-Out Note.
The Company shall pay the purchase price in cash to the extent that (x) subsidiaries of the Company are permitted to dividend the funds for such purchase to the Company (a "Subsidiary Dividend") (under both applicable law and the indebtedness of the Company and its Affiliates) and (y) the Company is permitted to purchase such shares for cash (under both applicable law and such indebtedness).
To the extent the funds for such purchase are permitted under the indebtedness of the Company and its Affiliates and applicable law to be funded through a Subsidiary Dividend and to be used to purchase such shares, the Company shall pay the purchase price in cash.
The Investors shall have executed the Agreement re Operating Subsidiary Dividend in the form of SCHEDULE 5.02 (I) hereto for the purpose of stating their promise to surrender for cancellation all shares of stock of the Operating Sub which they receive as holders of AVTX common stock as a result of the spin off transaction referenced in Section 5.01 (d).
With respect to any Subsidiary Dividend, so long as the Note has not matured and remain unpaid or so long as the Secured Party has not accelerated the obligations of the Company under the Note, the Secured Party’s security interest in the assets of any Subsidiary or Dividend Subsidiary and the security interest in the portion of the equity interest in such Subsidiary or Dividend Subsidiary so distributed shall be released and discharged.
Seller covenants that it will cause Liberty Life to dividend to Seller (the "Subsidiary Dividend"), concurrently with the Closing, all of the outstanding shares of capital stock held by Liberty Life of the Subsidiaries identified in Schedule 5.9 hereto (each an "Excluded Subsidiary" and collectively the "Excluded Subsidiaries").
Ltd Wholly owned Subsidiary Payables Outstanding amount towards agency fees and disbursements 0.80 The Great Eastern Chartering LLC Wholly owned Subsidiary Payables Outstanding amount towards in- chartering of vessels by the Company 0.43 The Great Eastern Chartering LLC (FZC) Wholly owned Subsidiary Dividend Income Dividend received by the Company as per the terms of equity shares held by the Company 29.41 Greatship (India) Ltd.
PSM and PSC may make Subsidiary Dividend Payments to the Company at any time or from time to time.
To the ex- tent the funds for such purchase are permitted under the in- debtedness of the Company and its Affiliates and applicable law to be funded through a Subsidiary Dividend and to be used to purchase such shares, the Company shall pay the purchase price in cash.