Unregulated Affiliate definition

Unregulated Affiliate means an Affiliate that is not a Regulated Affiliate.
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Unregulated Affiliate means any Affiliate that is primarily engaged in a business not involving the provision of utility services.
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Unregulated Affiliate has the meaning given to it in the Recitals hereto.
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Examples of Unregulated Affiliate in a sentence

  • No member of the RegCo Board of Directors will also be an employee, officer or director of any Unregulated Competitive Energy Affiliate or Unregulated Affiliate.

  • An Eligible Director is any individual who is not (i) an officer or director of HoldCo or (ii) an officer or director of any Unregulated Competitive Energy Affiliate or Unregulated Affiliate.

  • An officer of HoldCo may not be an officer of both RegCo and an Unregulated Affiliate or Unregulated Competitive Energy Affiliate.

  • Commercial and business development employees of an Unregulated Affiliate must be physically located on a separate floor from EPI staff.

  • Acco rding to Article 5 of NCGS 135, the North Carolina General Assembly has the authority to es tablish and amend benefit provisions.

  • EPI and its Regulated Affiliates must ensure that any loan, investment or other financial support provided to an Unregulated Affiliate is provided on terms no more favourable than what the Unregulated Affiliate would be able to obtain as a stand-alone entity from the capital markets.

  • Where EPI provides services to an Unregulated Affiliate that operates in whole or in part as a crude petroleum producer, marketer, shipper or refiner,that Unregulated Affiliate’s employees whose functions include commercial development, business development, marketing, producing, refining and shipping must be physically located in a separate building or complex from EPI’s offices that are used for its day to day operations of the pipeline system.

  • It will take many years to increase life standards in Slovakia and in order to reach that goal, it’s necessary to create suitable conditions for citizens, to decrease the level of corruption what will cause higher trust of citizens in state and institution, establish equal rules for everyone, and to increase citizens’ support in public affairs and tolerance.

  • In the event that Material assets are transferred, leased, sold or otherwise disposed of by a Regulated Affiliate to an Unregulated Affiliate or by an Unregulated Affiliate to a Regulated Affiliate, they shall be transferred and recorded at Market Value.

  • Each Regulated Affiliate and Unregulated Affiliate shall: (i) be responsible for ensuring compliance with this Code; and (ii) ensuring that its Representatives promptly notify the Compliance Officer of any potential or actual non-compliance with this Code.

Related to Unregulated Affiliate

  • Regulated Subsidiary means a Broker Dealer Regulated Subsidiary, a Bank Regulated Subsidiary or an Insurance Regulated Subsidiary or any other Subsidiary subject to minimum capital requirements or other similar material regulatory requirements imposed by applicable regulatory authorities.

  • Designated Affiliate means the affiliates of the Corporation designated by the Committee for purposes of the Plan from time to time;

  • Permitted Affiliate means with respect to any Person (a) any Person that directly or indirectly controls such Person, and (b) any Person which is controlled by or is under common control with such controlling Person. As used in this definition, the term “control” of a Person means the possession, directly or indirectly, of the power to vote eighty percent (80%) or more of any class of voting securities of such Person or to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise.

  • Excluded Affiliate means any Affiliate of any Agent that is engaged as a principal primarily in private equity, mezzanine financing or venture capital.

  • Qualified Affiliate means an Affiliate of a Lender who has executed and delivered to the Administrative Agent an instrument of adhesion in the form set forth in Schedule J.

  • Regulated Entity means any entity referred to in Section I of Article L.613-34 of the French Code monétaire et financier as modified by the 20 August 2015 Decree Law, which includes certain credit institutions, investment firms, and certain of their parent or holding companies established in France.

  • Subject Company shall have the meaning set forth in Section 6.10(a).

  • regulated business means a business which is required to be licensed under one or other of the regulatory laws;

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • Excluded Affiliates means, collectively, any Affiliates of any of the Lead Arrangers that are engaged as principals primarily in private equity, mezzanine financing or venture capital.

  • Controlled Affiliate means any Affiliate of the specified Person that is, directly or indirectly, Controlled by the specified Person.

  • License Subsidiary means one or more wholly-owned Restricted Subsidiaries of the Issuer (i) that holds, was formed for the purpose of holding or is designated to hold FCC Licenses for the launch and operation of Satellites or for the operation of any TT&C Earth Station (other than any FCC License held by Intelsat General Corporation or any of its Subsidiaries) and (ii) all of the shares of capital stock and other ownership interests of which are held directly by the Issuer or a Subsidiary Guarantor.

  • Regulated Entities (REs) means

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

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

  • Unconsolidated Affiliate means, with respect to any Person, any other Person in whom such Person holds an Investment, which Investment is accounted for in the financial statements of such Person on an equity basis of accounting and whose financial results would not be consolidated under GAAP with the financial results of such Person on the consolidated financial statements of such Person.

  • 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.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Regulated party means a producer or importer of any amount

  • Permitted Business Investments means Investments by the Company or any of its Restricted Subsidiaries in any Unrestricted Subsidiary of the Company or in any Joint Venture, provided 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.

  • Portfolio Company means the issuer or obligor under any Portfolio Investment held by any Obligor.

  • Specified Affiliate is any Person (a) more than ten percent (10.0%) of whose aggregate issued and outstanding equity or ownership securities or interests, voting, non-voting or both, are owned or held directly or indirectly, beneficially or of record, by Borrower, and/or (b) whose equity or ownership securities or interests representing more than ten percent (10.0%) of such Person’s total outstanding combined voting power are owned or held directly or indirectly, beneficially or of record, by Borrower.

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • Joint Venture Subsidiary means each of (i) Aluminum Company of Malaysia Berhard and (ii) any other person that is a Subsidiary in which persons other than Holdings or its Affiliates own 10% or more of the Equity Interests of such person, excluding, to the extent they become Restricted Subsidiaries of the Designated Company after the Closing Date, Xxxxx and Norf GmbH.

  • Finance Subsidiary means, with respect to any Person, any Subsidiary of such Person which is primarily engaged in leasing or financing activities including (a) lease and purchase financing provided by such Subsidiary to dealers and consumers, (b) leasing or financing of installment receivables or otherwise providing banking, financial or insurance services to the Company and/or its affiliates or others or (c) financing the Company’s and/or its affiliates’ operations.