Wholly-Owned Entity definition

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Wholly-Owned Entity is defined in Section 7.2.2.

Wholly-Owned Entity shall have the meaning assigned thereto in “Background” paragraph B.

Examples of Wholly-Owned Entity in a sentence

From the Initial Closing Date and thereafter until such time as all obligations of all Credit Parties under the Operative Agreements have been satisfied and performed in full, the Parent shall retain the Lessee as a Wholly-Owned Entity.
From the Closing Date and thereafter until such time as all obligations of all Credit Parties under the Operative Agreements have been satisfied and performed in full, the Parent shall retain the Lessee as a Wholly-Owned Entity.
In the eleventh (11th) line of Section 10.5, in subsection (c), the words "any Wholly-Owned Entity" shall be deleted and replaced with the words "any Consolidated Entity".
Notwithstanding the foregoing, DGI and the Insurance Subsidiaries agree that Donegal Mutual shall have no obligation to provide services to DGI and the Insurance Subsidiaries of a quality greater than the quality of such services that Donegal Mutual maintains for its own operations.
Pursuant to the terms and conditions of the Guaranty Agreement, payment and performance of the Obligations shall be unconditionally guaranteed by each Wholly-Owned Entity.

More Definitions of Wholly-Owned Entity

Wholly-Owned Entity means any entity wholly-owned by the Development Authority.

Wholly-Owned Entity means the entities owning the Wholly Owned Properties.

Wholly-Owned Entity means a Person all of the shares of capital stock or other ownership interest of which are owned by the Parent and/or one of its wholly-owned Subsidiaries or other wholly- owned entities. “Withholdings” shall have the meaning given to such term in Section 11.2(e) of the Participation Agreement. “Work” shall mean the furnishing of labor, materials, components, furniture, furnishings, fixtures, appliances, machinery, equipment, tools, power, water, fuel, lubricants, supplies, goods and/or services with respect to the Property. “Write-Down and Conversion Powers” shall mean (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers. “Yield Protection Amount” shall have the meaning given to such term in Section 11.3 of the Participation Agreement.