Current Subsidiary definition

Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.
Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns at least 25% of the outstanding capital stock or holds at least 25% of the outstanding equity or similar interest of such Person or (ii) controls the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.
Current Subsidiary means each of the Subsidiaries listed on Exhibit "S".

Examples of Current Subsidiary in a sentence

  • The Additional Conditions of Effectiveness consist of the following, namely, that the Current Subsidiary Agreement between the Recipient and EDH shall have been entered into, satisfactory to the Association, to reflect the implementation arrangements in respect of this Financing.

  • Except as the Association shall otherwise agree, the Recipient shall not assign, amend, abrogate or waive the Current Subsidiary Agreement or any of its provisions.

  • It is recommended that for the duration of any trial period: - The original school maintains the pupil’s record with an Enrolment Status of ‘M’ (Current Main - dual registration) - The receiving school maintains the pupil’s record with an Enrolment Status of ‘S’ (Current Subsidiary - dual registration) b) Consortia schools Schools often provide courses of study in collaboration with other schools (or other educational establishments).

  • The Recipient shall exercise its rights under the Current Subsidiary Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing.

  • EDH Legislation shall have been amended, suspended, abrogated, repealed or waived so as to affect materially and adversely the ability of EDH to perform any of its obligations under the Current Subsidiary Agreement.

  • To facilitate the further carrying out of the Project by EDH, the Recipient shall make the proceeds of the Financing available to EDH under the Current Subsidiary Agreement to be entered between the Recipient and EDH not later than the Effective Date, under terms and conditions approved by the Association, including terms to reflect the Anticorruption Guidelines.

  • It is recommended that for the duration of this period: - The ordinary school of attendance maintains the pupil’s record with an Enrolment Status of ‘M’ (Current Main - dual registration) - The receiving school maintains the pupil’s record with an Enrolment Status of ‘S’ (Current Subsidiary - dual registration) d) Family units In many areas nursery school education is being provided in establishments which also provide wider childcare and/or family support services.

  • All of the shares of the Current Subsidiaries are validly issued and fully paid to their par value, if any, and represent the entire equity interests of the Current Subsidiaries (the Current Subsidiary Shares).

  • Of particular note is the recording of the following: • Children of service families registered at the school on Census Day are no different from any other pupil registered at the school and will have an enrolment status of C (Current - Single registration at this school), M (Current Main - dual registration), S (Current Subsidiary - Dual registration), F (FE College) or O (Other Provider).

  • All agreements of the Company, the Current Subsidiary Guarantors and the New Subsidiary Guarantors in this First Supplemental Indenture and the Notes shall bind their successors.


More Definitions of Current Subsidiary

Current Subsidiary means any Person that is a Subsidiary of a Party as of the Effective Date.

Related to Current Subsidiary

  • Consolidated Subsidiary means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of the Borrower in its consolidated financial statements if such statements were prepared as of such date.

  • Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.

  • Insignificant Subsidiary means, on any date, any Subsidiary of Caterpillar or CFSC whose aggregate asset value, as reasonably calculated by Caterpillar in accordance with generally accepted accounting principles, is at less than or equal to $50,000,000 on such date.

  • Non-U.S. Subsidiary means any Subsidiary that is organized under the laws of a jurisdiction other than the United States of America or any State thereof or the District of Columbia.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Material Subsidiary means, at any date of determination, (i) each Restricted Subsidiary of the Borrower (a) whose total assets at the last day of the Test Period ending on the last day of the most recent fiscal period for which Section 9.1 Financials have been delivered were equal to or greater than 5% of the Consolidated Total Assets of the Borrower and the Restricted Subsidiaries at such date or (b) whose revenues during such Test Period were equal to or greater than 5% of the consolidated revenues of the Borrower and the Restricted Subsidiaries for such period, in each case determined in accordance with GAAP; provided that if, at any time and from time to time after the Original Closing Date, Restricted Subsidiaries that are not Material Subsidiaries have, in the aggregate, (x) total assets at the last day of such Test Period equal to or greater than 10% of the Consolidated Total Assets of the Borrower and the Restricted Subsidiaries at such date or (y) revenues during such Test Period equal to or greater than 10% of the consolidated revenues of the Borrower and the Restricted Subsidiaries for such period, in each case determined in accordance with GAAP, then the Borrower shall, on the date on which financial statements for such quarter are delivered pursuant to this Agreement, designate in writing to the Administrative Agent one or more of such Restricted Subsidiaries as “Material Subsidiaries”.

  • Material Domestic Subsidiary means, at any date of determination, each of the Parent Borrower’s Domestic Subsidiaries (a) whose total assets at the last day of the end of the most recently ended fiscal quarter of the Parent Borrower for which financial statements have been delivered pursuant to Section 6.01 were equal to or greater than 2.5% of Total Assets at such date or (b) whose gross revenues for the most recently ended period of four consecutive fiscal quarters of the Parent Borrower for which financial statements have been delivered pursuant to Section 6.01 were equal to or greater than 2.5% of the consolidated gross revenues of the Parent Borrower and the Restricted Subsidiaries for such period, in each case determined in accordance with GAAP; provided that if, at any time and from time to time after the Closing Date, Domestic Subsidiaries that are not Guarantors solely because they do not meet the thresholds set forth in clauses (a) or (b) comprise in the aggregate more than 5.0% of Total Assets as of the end of the most recently ended fiscal quarter of the Parent Borrower for which financial statements have been delivered pursuant to Section 6.01 or contribute more than 5.0% of the gross revenues of the Parent Borrower and the Restricted Subsidiaries for the period of four consecutive fiscal quarters ending as of the last day of such fiscal quarter, then the Parent Borrower shall, not later than 45 days after the date by which financial statements for such quarter are required to be delivered pursuant to this Agreement, designate in writing to the Administrative Agent one or more of such Domestic Subsidiaries as “Material Domestic Subsidiaries” to the extent required such that the foregoing condition ceases to be true and comply with the provisions of Section 6.11 applicable to such Subsidiaries; provided, however, that, any License Subsidiary that is a Domestic Subsidiary shall be deemed to be a Material Domestic Subsidiary if such License Subsidiary would constitute a Material Domestic Subsidiary if it were assumed that such License Subsidiary had the revenues associated with the Broadcast Stations operated by the Parent Borrower and its Domestic Subsidiaries that utilized the Broadcast Licenses owned by such License Subsidiary.

  • Significant Subsidiaries means, as of any date of determination, collectively, all Subsidiaries that would constitute a “significant subsidiary” under Rule 1-02 of Regulation S-X promulgated by the SEC, and each of the foregoing, individually, a “Significant Subsidiary.”