Inactive Subsidiary means any Subsidiary of a Borrower that (a) does not conduct any business operations, (b) has assets with a total book value not in excess of $1,000,000 and (c) does not have any Indebtedness outstanding.
Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.
Regulated Entity means any entity referred to in Section I of Article L.613-34 of the French Code monétaire et financier as modified by the 20 August 2015 Decree Law, which includes certain credit institutions, investment firms, and certain of their parent or holding companies established in France.
Domestic organization means an organization created under the laws of this state.
Obligated Entity means the entity mandated under clause (e) of sub- section (1) of section 86 of the Act to fulfill the renewable purchase obligation;