approved holding company definition

approved holding company means a corporation that is approved by the Authority under section 81W as an approved holding company;
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approved holding company means a corporation that is organized under the laws of any political subdivision of the United States and as to which the Company is a wholly-owned Subsidiary, the creation of which does not result in a Change of Control (other than under clause (a) of such definition, solely by virtue of the existence of such holding company, and not as a result of any change in the make-up or constituency of the “persons” or “groups” (as defined therein) entitled to vote for the board of directors of such holding company from those entitled to vote for the board of directors of the Company immediately prior to the creation of such holding company).
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Related to approved holding company

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.