Substantial Subsidiaries definition

Substantial Subsidiaries has the meaning set forth in Section 8.01.
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Substantial Subsidiaries means the Substantial Corporate Subsidiaries and the Substantial Partnership Subsidiaries;
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Examples of Substantial Subsidiaries in a sentence

  • An individual, partnership, corporation or other legal entity that owns voting stock in Employer and/or any of its Substantial Subsidiaries, exclusive of Employer, as the parent.

  • The Indenture imposes certain limitations of (i) the ability of the Company or its Substantial Subsidiaries to suffer to exist or incur Liens, (ii) the ability of the Company or its Substantial Subsidiary to enter into any transactions involving any sale and leaseback of any Principal Property and (iii) the ability of the Company to merge, consolidate or transfer substantially all of its assets.

  • As of the Funding Date, all of the outstanding capital stock of all of such Substantial Subsidiaries has been validly issued, is fully paid and non-assessable and is owned by the person indicated on such Schedule 4.01(b), free and clear of all Liens, except those created under the Senior Debt Documents and those permitted under Section 5.02(a).

  • As of the Funding Date, all of the outstanding capital stock of all of such Substantial Subsidiaries has been validly issued, is fully paid and non-assessable and is owned by the person indicated on such Schedule 4.01(b), free and clear of all Liens, except those created under the Loan Documents and those permitted under Section 5.02(a).

  • An individual, partnership, corporation or other legal entity that owns voting stock in Community Trust Bank and/or any of its Substantial Subsidiaries, exclusive of Community Trust Bank, as the parent.

  • An individual, partnership, corporation or other legal entity that owns voting stock in Community Trust Financial Corp and/or any of its Substantial Subsidiaries, exclusive of Community Trust Financial Corp, as the parent.

  • The prohibition in this section shall not apply to (a) the Merger, (b) mergers and consolidations involving only Borrower and its Subsidiaries, or any of them, in which Borrower is the survivor, (c) mergers and consolidations involving only Subsidiaries of Borrower, and (d) transfers of assets to and among Substantial Subsidiaries.