Examples of HoldCo Sub in a sentence
On Date 8 Company transferred the stock of Sub to HoldCo Sub, a wholly owned disregarded entity owned by Company.
At any time after the Final Closing, in the event that Bidder Member elects to make a Permitted HoldCo Capital Contribution, immediately after the resulting Permitted HoldCo Sub Capital Contribution, HoldCo Sub shall contribute an amount in cash equal to the Permitted HoldCo Sub Capital Contribution to OpCo in exchange for additional membership interests in OpCo. In such circumstance, the HoldCo percentage interest in OpCo and the Thrasher Retained Interest shall each remain unchanged.
At the Initial Closing, OpCo and HoldCo Sub shall execute and deliver a Management Services Agreement, in the form attached hereto as Exhibit 2.4, pursuant to which HoldCo Sub shall manage and lease OpCo's assets (the "Management Agreement").
The purpose of HoldCo Sub is to own 99.999% of the percentage interests in OpCo, to perform its duties under the Management Agreement, to make the distributions that it is obligated to make under this Agreement, to incur the Incurred Debt, if applicable, and to conduct all business activities related thereto.
Subject to the terms and provisions of this Agreement, the Management Agreement, the HoldCo Operating Agreement, the HoldCo-Sub Operating Agreement, the OpCo Operating Agreement and the Global Lease, the policies, business and operations of each of HoldCo, HoldCo Sub and OpCo shall be subject to the direction of a "Board of Representatives" for each of HoldCo, HoldCo Sub and OpCo which shall meet not - less than once per calendar quarter.
From and after the Closing, HoldCo and HoldCo Sub shall, and Bidder Member will cause each of HoldCo, HoldCo Sub and OpCo to, comply with each of the following covenants, except as otherwise determined by the mutual consent of BAM and Bidder Member.
The authorization or issuance of any interests in, or the admission of any members to, the Company, other than BAM and HoldCo Sub, including, without limitation, the authorization or issuance of any additional interests in the Company to BAM or HoldCo Sub beyond those interests authorized and issued in connection with the formation of the Company.
Business operators in soon-to-be-reopened provinces have urged the government to impose a clear and decisive plan to attract tourists back during the upcoming high season.
Charterer shall operate said yacht in conformance with all operating instructions and requirements and not in violation of any law or regulation, federal, state, or local.
If Thrasher and Bidder determine that such an agreement should be entered into, Thrasher, HoldCo Sub and OpCo shall execute and deliver the Transitional Services Agreement.