Downstream Affiliate definition

Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by the Reference Entity.

Downstream Affiliate means an entity, at the date of the event giving rise to the Credit Event which is the subject of the Credit Event Notice, the Delivery Date or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 per cent. owned, directly or indirectly, by the Reference Entity. "Voting Shares" shall mean those shares or other interests that have the power to elect the board of directors or similar governing body of an entity.

Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than fifty per cent.- owned, directly or indirectly, by the Reference Entity. As used herein, "Voting Shares" means the shares or other interests that have the power to elect the board of directors or similar governing body of an entity.

Examples of Downstream Affiliate in a sentence

• Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than fifty (50) per cent owned, directly or indirectly, by the Reference Entity.

• Flechtner, Preferences, Post-Petition Trans- fers, and Transactions Involving a Debtor’s Downstream Affiliate, 5 BANKR.

• No party may assign any of its rights or delegate any of its duties hereunder, except as expressly stated herein or except to a party's Downstream Affiliate.

• Except as set forth in Schedule 3.20, there are no strikes, lockouts or slowdowns pending or threatened against CommNet or any Downstream Affiliate which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.

• All material payments due from CommNet or any Downstream Affiliate or for which any claim may be made against CommNet or any Subsidiary, on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of CommNet or such Subsidiary to the extent required by GAAP.

More Definitions of Downstream Affiliate

Downstream Affiliate means an entity, at the date of the event giving rise to the Credit Event which is the subject of the Credit Event Notice, the Delivery Date or Valuation Date, as applicable, or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 percent owned, directly or indirectly, by the Reference Entity.

Downstream Affiliate means an entity, whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50%. owned, directly or indirectly, by the Bond Issuer.

Downstream Affiliate means an entity, at the date of the event giving rise to the CEMEX Credit Event which is the subject of the Credit Event Notice or the time of identification of a Substitute Reference Obligation (as applicable), whose outstanding Voting Shares are more than 50 percent owned, directly or indirectly, by the Reference Entity.

Downstream Affiliate means, with respect to any Reference Entity, an entity whose Voting Shares were, at the date of issuance of a Qualifying Guarantee, more than 50 per cent. owned, directly or indirectly, by such Reference Entity.

Downstream Affiliate means an entity whose outstanding Voting Shares were, at the date of issuance of the Qualifying Guarantee, more than 50% owned, directly or indirectly, by the Reference Entity.”(b) (3) is amended by deleting paragraphs (d)(ii) and (iii) in their entirety and replacing them with the following paragraph (d)(ii) and renumbering the paragraphs accordingly in paragraph (d):

Downstream Affiliate is any Affiliate of CSF upon whose fees, revenue production, or sales entitle Affiliate to earn Override Consideration.

Downstream Affiliate means an entity whose outstanding shares or other interests that have the power to elect the board of directors or similar governing body thereof were, at the date of issuance of a Qualifying Affiliate Guarantee, more than 50% owned, directly or indirectly, by the Borrower (or any Successor of the Borrower).