Commercial Subsidiary definition

Commercial Subsidiary means a Subsidiary maintained or established by the Trustee pursuant to clause 18 to undertake Commercial Activities;
Commercial Subsidiary and "Commercial Subsidiaries" shall have the respective meanings set forth in Section 5.1.
Commercial Subsidiary means a company which carries out Commercial Activities and includes: (i) BBC Commercial Holdings Limited; (ii) BBC Studios Group Limited which consolidates BBC Studios Limited and BBC Worldwide Limited; (iii) BBC Studioworks Limited; and (iv) BBC Global News Limited;

Examples of Commercial Subsidiary in a sentence

  • The Trustee may maintain and/or establish a Commercial Subsidiary, or Commercial Subsidiaries, the objectives and purposes of which will be to receive and/or manage those of the Trust’s Assets that are of a commercial nature, which such companies shall manage on a prudent, commercial and profitable basis.

  • There are no options, convertible securities, warrants, or other rights (preemptive or otherwise) to purchase or acquire any capital stock of any Commercial Subsidiary and no contracts to which Commercial or any of its affiliates is subject with respect to the issuance, voting or sale of issued or unissued shares of the capital stock of any of the Commercial Subsidiaries.

  • Except for matters which would not have a material adverse effect on the business, financial condition or results of operations of Commercial and the Commercial Subsidiaries taken as a whole, neither Commercial nor any Commercial Subsidiary is a defendant in, nor is any of its property subject to, any pending, or, to the best knowledge of the management of Commercial, threatened, claim, action, suit, investigation, or proceeding, or subject to any judicial order, judgment or decree.

  • There are no outstanding Rights to purchase or acquire any capital stock of any Commercial Subsidiary and no oral or written agreement, contract, ar- rangement, understanding, plan or instrument of any kind to which Commercial or any of its Affiliates is subject with respect to the issuance, voting or sale of issued or unissued shares of the capital stock of any of the Commercial Subsidiaries.

  • Commercial and each Commercial Subsidiary have complied in all material respects with all applicable state law sales and use tax collection and reporting requirements.

  • As of the date of this Agreement, there are no agreements, directives, orders or similar arrangements between or involving Commercial or any Commercial Subsidiary and any state or federal savings institution regulatory authority.

  • In doing so any Commercial Subsidiary shall conduct or otherwise undertake Commercial Activities of the Ngati Whatua Orakei Ngāti Whātua Ōrākei Group, either itself or through any subsidiary or subsidiaries Subsidiary established for that purpose, on behalf of and for the benefit of the Members of Ngati Whatua Orakei in the furtherance of the Trust’s Purposes.

  • FY01 expenditures from these extramural sources through May 31, 2001 were $761,318.

  • A grievant may appear on his/her own behalf or may be represented at all steps of this procedure by a designated representative of the Union.

  • Neither Commercial nor any Commercial Subsidiary has been refused any insurance with respect to any material properties, assets or operations, nor has any coverage been limited or terminated by any insurance carrier to which it has applied for any such insurance or with which it has carried insurance during the last three years.


More Definitions of Commercial Subsidiary

Commercial Subsidiary a Subsidiary of the Borrower which has engaged in or hereafter engages in, as its principal business, the development, investment and management of commercial or mixed use properties and activities that are incidental or ancillary thereto.
Commercial Subsidiary means a Subsidiary maintained or established by the Trustee
Commercial Subsidiary means a company which carries out Commercial Activities and includes: (i) BBC Commercial Holdings Limited (Companies House number 04463534); (ii) BBC Studios; (iii) BBC Studioworks Limited (Companies House number 03593793); and (iv) BBC Global News Limited (Companies House number 04514407);

Related to Commercial Subsidiary

  • Material Subsidiary means any Subsidiary other than an Immaterial Subsidiary.

  • Material Subsidiaries Subsidiaries of the Parent Borrower constituting, individually or in the aggregate (as if such Subsidiaries constituted a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.

  • Principal Subsidiary means at any relevant time a Subsidiary of the Issuer:

  • Immaterial Subsidiary means any Subsidiary that is not a Material Subsidiary.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • Excluded Subsidiary means (a) any Subsidiary that is not a wholly-owned direct or indirect Domestic Subsidiary of Holdings, (b) any Subsidiary that is prohibited or restricted by applicable Law or by Contractual Obligations permitted by this Agreement in existence at the time of acquisition of such Subsidiary but not entered into in contemplation thereof, from guaranteeing the Obligations or if guaranteeing the Obligations would require governmental (including regulatory) consent, approval, license or authorization, unless such consent, approval, license or authorization has been received, or for which the provision of a Guarantee would result in material adverse tax consequences to the Borrower or one of its subsidiaries as reasonably determined by the Borrower and agreed in writing by the Administrative Agent, (c) any other Subsidiary with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the burden or cost of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (d) any not-for-profit Subsidiaries or captive insurance Subsidiaries, (e) any Unrestricted Subsidiaries, (f) any Securitization Subsidiary, (g) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary of Holdings that is a CFC, (h) any direct or indirect Domestic Subsidiary of Holdings that is a FSHCO, (i) [reserved], (j) captive insurance Subsidiaries, (k) any Subsidiary that is not a Material Subsidiary and (l) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment that has assumed secured Indebtedness permitted under Section 7.03(g)(i) and not incurred in contemplation of such Permitted Acquisition or other Investment, in each case to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor (so long as such prohibition is not incurred in contemplation of such Permitted Acquisition or other Investment). For the avoidance of doubt, the Borrower shall not constitute an Excluded Subsidiary.

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • Restricted Subsidiary means any Subsidiary of the Borrower other than an Unrestricted Subsidiary.