BPO Holding Company definition

BPO Holding Company means, as at the relevant time, any BPY Subsidiary which (i) directly or indirectly owns equity securities of BPO (or the successor to all or substantially all of the assets of BPO, if any) at such time and such equity securities represent more than 50% of the total assets of such BPY Subsidiary at such time determined on a consolidated basis in accordance with GAAP, or (ii) directly or indirectly owns more than 2% of the issued and outstanding equity securities of BPO (or the successor to all or substantially all of the assets of BPO, if any), or (iii) is otherwise a primary holding company or member of a group of primary holding companies for BPY's consolidated interest in BPO (or any successor to all or substantially all of the assets of BPO, if any). "BPY Subsidiary" means any subsidiary of BPY or BPY Holding LP.
Sample 1
BPO Holding Company means, as at the relevant time, any BPY Subsidiary which (i) directly or indirectly owns Equity Securities of BPO (or the successor to all or substantially all of the assets of BPO, if any) at such time and such Equity Securities represent more than 50% of the total assets of such BPY Subsidiary at such time determined on a consolidated basis in accordance with GAAP, or (ii) directly or indirectly owns more than 2% of the issued and outstanding Equity Securities of BPO (or the successor to all or substantially all of the assets of BPO, if any), or (iii) is otherwise a primary holding company or member of a group of primary holding companies for BPY’s consolidated interest in BPO (or any successor to all or substantially all of the assets of BPO, if any).
Sample 1

Examples of BPO Holding Company in a sentence

  • Each Borrower, Guarantor, BPO Holding Company and GGP Holding Company will pay, when due, all payments required to be made in respect of any pension plan covering employees of such entity and will perform all obligations required to maintain each such pension plan in good standing and fully funded, but only, in each case, if to do otherwise would result in Material Adverse Effect.

  • No Borrower, Guarantor, BPO Holding Company or GGP Holding Company is in violation of any mortgage, franchise, license, judgment, decree, order, statute, rule or regulation relating in any way to such Person, or to the operation of its business or to its property or assets, which would result in a Material Adverse Effect.

  • Each Borrower, Guarantor, BPO Holding Company and GGP Holding Company is duly organized and validly subsisting under the laws of the jurisdiction of its organization and is duly qualified, registered or licensed in all jurisdictions except where such qualification, registration or licensing would not result in a Material Adverse Effect.

  • There are no actions, suits, inquiries, claims or proceedings (whether or not purportedly on behalf of any Borrower or Guarantor) pending or threatened against or affecting any Borrower, Guarantor, BPO Holding Company or GGP Holding Company before any Governmental Authority or before any private arbitrator, mediator or referee which, in any case or in the aggregate, would result in a Material Adverse Effect.

Related to BPO Holding Company

  • CFC Holding Company means each Domestic Subsidiary that is treated as a partnership or a disregarded entity for United States federal income tax purposes and that has no material assets other than assets that consist (directly or indirectly through disregarded entities or partnerships) of Equity Interests or indebtedness (as determined for United States tax purposes) in one or more CFCs.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Foreign Holding Company means any Subsidiary all or substantially all of the assets of which are comprised of Equity Interests in one or more Foreign Subsidiaries or CFC Debt.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • Public utility holding company means: (1) any company that,

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

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

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Domestic Foreign Holding Company means any Domestic Subsidiary of the Borrower that owns no material assets (held directly or indirectly through one or more disregarded entities) other than capital stock (or capital stock and/or debt) of one or more Foreign Subsidiaries that are CFCs and/or Domestic Foreign Holding Companies.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467(a) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.

  • 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.

  • 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.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement: