Ultimate Parent definition
Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.
Ultimate Parent means a Company, which owns more than 50% (Fifty Percent) voting rights and paid up share capital, either directly or indirectly in the Parent and Affiliates;
Ultimate Parent means the parent corporation (or if there is more than one parent corporation, the ultimate parent corporation) that, following a transaction, directly or indirectly beneficially owns a majority of the voting power of the outstanding securities entitled to vote with respect to the election of the board of directors of the Company (or its successor).
Examples of Ultimate Parent in a sentence
Any breach by the Ultimate Parent of the Side Letter and its obligations thereunder shall be deemed to be a breach by Parent of this Section 5.3 and treated for all purposes under this Agreement as though Parent had breached its agreements hereunder.
More Definitions of Ultimate Parent
Ultimate Parent means a company, which owns at least more than fifty percent (51%) equity either directly or indirectly in the Parent and Affiliates.
Ultimate Parent means a Person which Controls, either directly or indirectly the Parent Company, Group Company, or Affiliates of the Resolution Applicant.
Ultimate Parent means, with respect to any Person, a Parent who is not a Subsidiary of any other Person.
Ultimate Parent means, if there is a Parent Corporation, the Person with Beneficial Ownership of more than fifty percent (50%) of the Surviving Corporation and of any other Parent Corporation.
Ultimate Parent means a company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates. (It is to clarify here that the ultimate parent / parent / affiliate of the company can be a foreign company)
Ultimate Parent in respect of a Bidder means a Person which Controls, either directly or indirectly the Parent Company, Group Company, or Affiliates of the Bidder and includes an ultimate beneficial owner.
Ultimate Parent means a company, which owns at least twenty six percent (26%) of paid up share capital either directly or indirectly in the Parent and Affiliates.