Blocker Subsidiary definition

Blocker Subsidiary. An entity treated as a corporation for U.S. federal income tax purposes, 100% of the equity interests in which are owned directly or indirectly by the Issuer.

Blocker Subsidiary has the meaning assigned to such term in Section 5.02(p).

Blocker Subsidiary has the meaning assigned to such term in the preamble of this Agreement.

Examples of Blocker Subsidiary in a sentence

• The equity interest in any Blocker Subsidiary permitted under Section 7.4(c) and each asset of any such Blocker Subsidiary shall be deemed to constitute an Asset and be deemed to be a Collateral Obligation (or, if such asset would constitute an Equity Security if acquired and held by the Issuer, an Equity Security) for all purposes of this Indenture and each reference to Assets, Collateral Obligations and Equity Securities herein shall be construed accordingly.

• For purposes of calculating the Weighted Average Floating Spread, the Weighted Average Coupon and each Interest Coverage Test, any future anticipated tax liability of the Blocker Subsidiary related to an Equity Security or Collateral Obligation held by such Blocker Subsidiary shall be excluded.

• Applicants request that a Blocker Subsidiary be permitted to participate in Co-Investment Transactions in lieu of its parent Regulated Entity and that the Blocker Subsidiary’s participation in any such transaction be treated, for purposes of the Order, as though the parent Regulated Entity were participating directly.

• Applicants represent that this treatment is justified because a Blocker Subsidiary would have no purpose other than serving as a holding vehicle for the Regulated Entity’s investments and, therefore, no conflicts of interest could arise between the Regulated Entity and the Blocker Subsidiary.

• Educating young people about the virtues stressed in Populorum Progressio and other social teachings is also of paramount importance so that a new generation may understand human dignity and value, the importance of respecting all individuals, and the need to support the advancement and development of all people in society.

More Definitions of Blocker Subsidiary

Blocker Subsidiary means an entity (a) whose sole business purpose is to hold one or more investments on behalf of a Regulated Entity; (b) that is wholly-owned by the Regulated Entity (with the Regulated Entity at all times holding, beneficially and of record, 100% of the voting and economic interests); (c) with respect to which the Regulated Entity’s Board has the sole authority to make all determinations with respect to the Blocker Subsidiary’s participation under the conditions to this Application; (d) that does not pay a separate advisory fee, including any performance-based fee, to any person; and (e) that is an entity that would be an investment company but for Section 3(c)(1) or 3(c)(7) of the Act.

Blocker Subsidiary. ’ means an entity (a) whose sole business purpose is to hold one or more investments on behalf of a Regulated Entity; (b) that is wholly-owned by the Regulated Entity (with the Regulated Entity at all times holding, beneficially and of record, 100% of the voting and economic interests); (c) with respect to which the Regulated Entity’s Board has the sole authority to make all determinations with respect to the Blocker Subsidiary’s participation under the conditions to

Blocker Subsidiary mean a Subsidiary of the Borrower that is formed for the sole purpose of holding any Equity Security in one or more Persons or other assets received in a workout of a Defaulted Collateral Loan or otherwise acquired in connection with a workout of a Collateral Loan.

Blocker Subsidiary has the meaning set forth in Section 4.3(a).

Blocker Subsidiary means Alcentra BDC Equity Holdings, LLC, a Delaware limited liability company.

Blocker Subsidiary means any Delaware limited liability company to be formed as a wholly-owned Subsidiary of the Company prior to Closing to acquire interests in either Rosmar Holdings, LLC or Silver State South Solar, LLC pursuant to the Asset Purchase Agreement and that will make an election to be treated as a corporation for U.S. federal income tax purposes pursuant to Treasury Regulations Section 301.7701-3 on the day immediately preceding the Closing Date.

Blocker Subsidiary. The meaning specified in Section 7.4(c).