Undertaking Subsidiary definition

Undertaking Subsidiary means (a) as of the date of the Closing, all Non Wholly-Owned Subsidiaries identified as such on Schedule 5.4(a), and (b) thereafter, the Persons referred to in clause (a) (except to the extent any thereof has become a Subsidiary Guarantor) and each other Person which from time to time executes and delivers an Undertaking to Secure or otherwise becomes bound by an Undertaking to Secure pursuant to Section 9.7 or otherwise.
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Undertaking Subsidiary means each Person who becomes an Undertaking Subsidiary by executing an Undertaking Subsidiary Supplemental Indenture, in each case until such Person has been released from its undertakings under this Indenture pursuant to Section 10.14 hereof, and a reference to “Undertaking Subsidiary” is a reference to them jointly and each of them severally, in each case until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Undertaking Subsidiary”. Upon the release of an Undertaking Subsidiary from its undertakings under this Indenture, all references to and construction of the phrases “Undertaking Subsidiaries” or an “Undertaking Subsidiary” in this Indenture shall be deemed to refer only to the Undertaking Subsidiaries or Undertaking Subsidiary that remain as parties to this Indenture.
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Examples of Undertaking Subsidiary in a sentence

  • A Parent Undertaking, Subsidiary Undertaking, Associated Undertaking or any other entity within the group structure provided under 1.

  • The decrease in goodwill from December 31, 2007 to September 30, 2008 is related to the impact of foreign currency translation.

Related to Undertaking Subsidiary

  • Financing Subsidiary means an SPE Subsidiary or an SBIC Subsidiary.

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

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

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

  • Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Subsidiary Guarantor.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • U.S. Subsidiary means any Subsidiary that is organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • 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.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • Non-U.S. Subsidiary means a Subsidiary of the Borrower that is not a U.S. Subsidiary.

  • Qualifying Subsidiary means any Subsidiary of the Company that (i) is not the Issuer or an Initial Guarantor, and (ii) at the relevant time of determination, is not a Joint Venture Company, a Project Company, a Local Operating Company, a Bidding Company or a Holding Vehicle.

  • Securitization Subsidiary means any Subsidiary formed for the purpose of, and that solely engages only in one or more Qualified Securitization Facilities and other activities reasonably related thereto.

  • Initial Guarantor has the meaning set forth in the preamble hereto.

  • Parent Company Guarantee means a parent company guarantee to be delivered by the Supplier pursuant to Clause 5.6;

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions and transactions related or incidental thereto.

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

  • Non-Guarantor Subsidiaries means, as of any date of determination, a collective reference to:

  • Principal Subsidiary means at any relevant time a Subsidiary of the Issuer:

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Eligible Subsidiary means each Subsidiary of the Parent set forth on Exhibit A hereto, as the same may be updated from time to time with Laurus’ written consent.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.