Subsidiary Holding Companies definition

Subsidiary Holding Companies means each of Sonic Automotive of Tennessee, Inc., a corporation organized under the laws of the State of Tennessee, Sonic Automotive of Nevada, Inc., a corporation organized under the laws of the State of Nevada, Sonic Automotive of Georgia, Inc., a corporation organized under the laws of the State of Georgia, Sonic of Texas, Inc., a corporation organized under the laws of the State of Texas, and any other Subsidiary of Borrower which owns any Equity Interests in any other entity in the Sonic Group, in each case together with its successors and assigns.
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Subsidiary Holding Companies means each of Sonic Automotive of Tennessee, Inc., a corporation organized under the laws of the State of Tennessee, Sonic Automotive of Nevada, Inc., a corporation organized under the laws of the State of Nevada, Sonic Automotive of Georgia, Inc., a corporation organized under the laws of the State of Georgia, and Sonic of Texas, Inc., a corporation organized under the laws of the State of Texas, in each case together with its successors and assigns.
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Subsidiary Holding Companies means and any Subsidiary of Borrower which owns any Equity Interests in any other Person in the Asbury Group, in each case together with its successors and assigns.
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Examples of Subsidiary Holding Companies in a sentence

  • In the event that a manufacturer refuses to consent to the pledge by the Borrower or a Subsidiary Holding Company of the Borrower's or Subsidiary Holding Companies' Capital Stock in a Sonic Dealership, the Borrower and/or Subsidiary Holding Company must execute a Waiver, Guaranty and Disbursement Agreement.

  • Each Credit Party will cause 65% of the Voting Stock and 100% of the non-voting Equity Interests of its first-tier Foreign Subsidiaries and Foreign Subsidiary Holding Companies, in each case to the extent owned by such Credit Party, to be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent pursuant to the terms and conditions of the Security Documents or such other security documents as the Administrative Agent shall reasonably request.

  • Enter into any arrangement with any Person providing for the leasing by the Borrower or any of its Significant Subsidiary Holding Companies of real or personal property that has been or is to be sold or transferred by the Borrower or such Significant Subsidiary Holding Company to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Borrower or such Significant Subsidiary Holding Company.

  • Permit any Significant Subsidiary Holding Company or any Significant Subsidiary to enter into any business, either directly or through any Subsidiary, except, in the case of the Significant Subsidiary Holding Companies, for the direct or indirect ownership of interests in the Significant Subsidiaries and, in the case of the Significant Subsidiaries, its ownership of the Projects.

  • Each of the Cluster Subsidiary Holding Companies is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization.

  • Borrower, Subsidiary Holding Companies and Subsidiary Banks have no subsidiaries or investments in any other Person other than as identified on Schedule 4.08 attached hereto.

  • Create, incur, assume or suffer to exist, or permit any of its Significant Subsidiary Holding Companies or Significant Subsidiaries to create, incur or suffer to exist, any Guarantee Obligation except in the case of any Significant Subsidiary, as permitted under the applicable Financing Documents .

  • The Borrower shall, and shall cause each of the Subsidiary Holding Companies to pledge to and grant Lender a first perfected security interest in all of its Capital Stock in each Sonic Dealership and/or other Subsidiary Holding Company, as the case may be; provided, however, such Capital Stock will be required to be pledged only to the extent permitted by the manufacturer under the applicable franchise agreement.

  • The Borrower shall, and shall cause each of the Subsidiary Holding Companies to, pledge to and grant to the Agent, for the benefit of the Lenders, a first perfected and first priority Lien in all of its Equity Interests in each Dealership and/or other Subsidiary Holding Company, as the case may be; provided, however, such Equity Interest will be required to be pledged only to the extent not prohibited by the manufacturer under the applicable franchise agreement.

  • The Lender has stated and the Borrower acknowledges that, but for the agreement by each of the Subsidiary Holding Companies and the Dealership Guarantors to execute and deliver their respective Subsidiary Holding Company Guaranty, Dealership Guaranty, Subsidiary Holding Company Security Agreement, and Dealership Security Agreement, the Lender would not have made available the credit facilities established hereby on the terms set forth herein.


More Definitions of Subsidiary Holding Companies

Subsidiary Holding Companies has the meaning set forth in the recitals to this Agreement.
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Related to Subsidiary Holding Companies

  • 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.

  • Foreign Holding Company means any Domestic Subsidiary substantially all of the assets of which consist of Equity Interests and/or Indebtedness of one or more Foreign Subsidiaries or other Foreign Holding Companies.

  • CFC Holding Company means each Domestic Subsidiary that is treated as a partnership or a disregarded entity for United States federal income tax purposes and that has no material assets other than assets that consist (directly or indirectly through disregarded entities or partnerships) of Equity Interests or indebtedness (as determined for United States tax purposes) in one or more CFCs.

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • 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.

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

  • 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;

  • 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:

  • 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.

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a Delaware limited liability company that is treated as a disregarded entity for U.S. federal income tax purposes, the primary asset of which consists of Equity Interests in either (i) one or more Foreign Subsidiaries or (ii) a Delaware limited liability company the primary asset of which consists of Equity Interests in one or more Foreign Subsidiaries.

  • Subsidiary Companies means all business entities that, at the time in question, are subsidiaries of the Company, within the meaning of section 424(f) of the Code.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Domestic Foreign Holding Company means any Domestic Subsidiary of the Borrower that owns no material assets (held directly or indirectly through one or more disregarded entities) other than capital stock (or capital stock and/or debt) of one or more Foreign Subsidiaries that are CFCs and/or Domestic Foreign Holding Companies.

  • Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.

  • Parent Companies means Parent and its Subsidiaries;

  • Operating Company has the meaning set forth in the preamble.

  • Acquisition Subsidiary shall have the meaning ascribed to it in the preamble hereto.

  • Founding Companies has the meaning set forth in the third recital of this Agreement.

  • Holdings as defined in the preamble hereto.

  • Public utility holding company means: (1) any company that,

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • Subsidiary of the Company means any foreign or U.S. domestic corporation (other than the Company) in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50 percent or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Company.

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.