Examples of Equipment Subsidiary in a sentence
In the event that, after the Issue Date, Globalstar shall acquire or create a Subsidiary, Globalstar shall cause such Subsidiary (unless such Subsidiary is a Transitory Equipment Subsidiary or is an Unrestricted Subsidiary) to become a Subsidiary Guarantor and to Guarantee the Securities pursuant to a Subsidiary Guaranty.
The Issuers have covenanted pursuant to the Indenture to cause any Subsidiary created or acquired after the date of the Indenture (unless such Subsidiary is a Transitory Equipment Subsidiary or is an Unrestricted Subsidiary), to execute and deliver to the Trustee a Subsidiary Guaranty pursuant to which such Subsidiary will guaranty this Security on the same terms and conditions as those set forth in the Indenture.
Also, from the official records of the PRC government, the registered capital of Medical Equipment Subsidiary is reported to have been increased to RMB30,000,000 since late 2008, and the current shareholders of the Medical Equipment Subsidiary are the Chinese Partner (holding 62% of the equity interest), Great Profit Enterprises Limited, a company incorporated in the British Virgin Islands (holding 25% of the equity interest) and another PRC company (holding 13% of the equity interest).
The Unauthorised Sale and Purchase Agreements were duly registered with Nanjing BAIC to the effect that the Medical Equipment Subsidiary was owned as to 65% by the Chinese Partner and as to the remaining 35% by the First New Shareholder.
The Company has been consulting PRC lawyers as to the appropriate actions to take so as to protect its interest in Medical Equipment Subsidiary and to implement the necessary steps to formally re-register the Company as a 65% shareholder of Medical Equipment Subsidiary.