Subsidiary Interest definition

Subsidiary Interest shall have the meaning set forth in the preamble to this Agreement.

Subsidiary Interest. As defined in the Preliminary Statement.

Subsidiary Interest means the direct or indirect interest of any person or entity in an entity that has an Ownership Interest as determined by MaineHousing.

Examples of Subsidiary Interest in a sentence

• Each holder of a Subsidiary Interest is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan under section 1126 of the Bankruptcy Code.

• The Uncertificated Subsidiary Interests shall be issued as nontransferable (except to a successor Trustee) uncertificated interests evidencing, as to each such Class, 100% of the interest in distributions required to made to such Class, and having the original Subsidiary Interest Principal Balance specified with respect to such Class of Uncertificated Subsidiary Interests.

• The Company is organized for the purpose of: (i) acquiring, owning, holding, financing, hypothecating, pledging and disposing of the Subsidiary Interest; and (ii) engaging in any lawful business, purpose or activity that may be undertaken by a limited liability company organized under and governed by the Act.

• Notwithstanding Section 7.2, on and after the Conversion, the Manager may only be removed by a Majority Vote of the Members for an act or omission by the Manager related to the Company constituting gross negligence or fraud causing a material diminution of value in the Company or the Subsidiary Interest.

• Each REO Subsidiary Interest complies in all respects with, or is exempt from, all applicable requirements of federal, state or local law relating to such REO Subsidiary Interest.

More Definitions of Subsidiary Interest

Subsidiary Interest means, collectively, all of the issued and outstanding shares of stock or membership interests of the Subsidiary Debtors, existing prior to the Effective Date, which stock and interests are owned, directly or indirectly, by Idearc.

Subsidiary Interest means any interest held by GMI in the other Debtors, including stock and partnership interests.

Subsidiary Interest means, other than an Interest in RAH, an Interest in one Debtor held by another Debtor.

Subsidiary Interest means any Interest held by a Debtor in another Debtor, including all options, warrants and other rights to purchase any such Interest in a Debtor held by another Debtor.

Subsidiary Interest shall have the meaning assigned thereto in “Background” paragraph B.

Subsidiary Interest. As defined in Section 4.18 hereof.

Subsidiary Interest. Not Applicable.