Principal Subsidiaries means any subsidiary of the Guarantor whose total assets, as shown by the accounts of such subsidiary (consolidated in the case of a subsidiary which itself has subsidiaries), based upon which the latest audited consolidated accounts of the Group have been prepared, is at least 20 per cent. of the total assets of the Group as shown by such audited consolidated accounts, provided that if any such subsidiary (the “transferor”) shall at any time transfer the whole or a substantial part of its business, undertaking or assets to another subsidiary of the Guarantor or to the Guarantor itself (the “transferee”) then:
Principal Subsidiaries means any subsidiary of CRCT whose total assets, as shown by the accounts of such subsidiary (consolidated in the case of a company which itself has subsidiaries), based upon which the latest audited consolidated accounts of the Group have been prepared, are at least 20 per cent. of the total assets of the Group as shown by such audited consolidated accounts; provided that if any such subsidiary (the “transferor”) shall at any time transfer the whole or a substantial part of its business, undertaking or assets to another subsidiary or CRCT (the “transferee”) then: (aa) if the whole of the business, undertaking and assets of the transferor shall be so transferred, the transferor shall thereupon cease to be a Principal Subsidiary and the transferee (unless it is the Issuer) shall thereupon become a Principal Subsidiary; and (bb) if a substantial part only of the business, undertaking and assets of the transferor shall be so transferred, the transferor shall remain a Principal Subsidiary and the transferee (unless it is the Issuer) shall thereupon become a Principal Subsidiary. Any subsidiary which becomes a Principal Subsidiary by virtue of (aa) above or which remains or becomes a Principal Subsidiary by virtue of (bb) above shall continue to be a Principal Subsidiary until the date of issue of the first audited consolidated accounts of the Group prepared as at a date later than the date of the relevant transfer which show the total assets of such subsidiary as shown by the accounts of such subsidiary (consolidated (if any) in the case of a company which itself has subsidiaries), based upon which such audited consolidated accounts have been prepared, to be less than 20 per cent. of the total assets of the Group, as shown by such audited consolidated accounts. A report by the Auditors (as defined in the Trust Deed), who shall also be responsible for producing any pro-forma accounts required for the above purposes, that in their opinion a subsidiary is or is not a Principal Subsidiary shall, in the absence of manifest error, be conclusive; and
Principal Subsidiaries means any Subsidiary of the Issuer whose profit before tax, as shown by the accounts of such Subsidiary (consolidated in the case of a company which itself has Subsidiaries), based upon which the latest audited consolidated accounts of the Group have been prepared, are at least 10 per cent. of the profit before tax and exceptional items of the Group as shown by such audited consolidated accounts, provided that if any such Subsidiary (the “transferor”) shall at any time transfer the whole or a substantial part of its business, undertaking or assets to another Subsidiary or the Issuer (the “transferee”) then:
Examples of Principal Subsidiaries in a sentence
The Borrower will keep books of record and account of the Borrower and its Principal Subsidiaries in which full, true and correct entries in accordance with generally accepted accounting principles will be made of all dealings or transactions in relation to its business and activities.
All licences, consents, examinations, clearances, filings, registrations and authorisations which are necessary to enable Sberbank and any of its Principal Subsidiaries to own its assets and carry on its business are in full force and effect where the absence of such could not have a Material Adverse Effect.
Notes)(1) Overseas Offices include local subsidiaries.(2) See “(9) Principal Subsidiaries and Affiliates” for a listing of major subsidiaries and their locations.
There are no judicial, arbitral or administrative actions, proceedings or claims pending or, to the knowledge of Sberbank, threatened, against Sberbank or any of its Principal Subsidiaries, the adverse determination of which could have a Material Adverse Effect.
All general managers (總經理) of the Principal Subsidiaries of the Company.
More Definitions of Principal Subsidiaries
Principal Subsidiaries means any Subsidiary of the Borrower whose Consolidated Tangible Assets comprise in excess of 10% of the Consolidated Tangible Assets of the Borrower and its consolidated Subsidiaries as of the date hereof or at any time hereafter.
Principal Subsidiaries means any Relevant Subsidiary of the Issuer:
Principal Subsidiaries means (i) Xxxxxxx.Xxx (Hong Kong) Limited, (ii) China The9 Interactive Limited, (iii) China The9 Interactive (Shanghai) Limited, (iv) The9 Computer Technology Consulting (Shanghai) Co., Ltd. and (xii) any other Subsidiary which at any time on or after the date of this Note would be deemed a “significant subsidiary” (as such term is defined in Rule 1-02(w) of Regulation S-X under the Securities Act) of the Company.
Principal Subsidiaries means National Public Finance Guarantee Corporation, or any Subsidiary succeeding to any substantial part of the business now conducted by that corporation.
Principal Subsidiaries means those Subsidiaries listed on Schedule II hereto, as such Schedule may be amended and supplemented from time to time.
Principal Subsidiaries means, collectively, CI Investments Inc. and Assante Wealth Management (Canada) Ltd., and “Principal Subsidiary” means any one of them.
Principal Subsidiaries means MBIA Insurance Corporation, or any Subsidiary succeeding to any substantial part of the business now conducted by that corporation.