Estate Entity definition

Estate Entity with respect to a specified individual, means an Entity organized under the Laws of a country of the European Union (i) of which all the share capital and voting rights are held at all times directly by this specified individual, alone or together with his Relatives, and/or another Estate Entity of this specified individual, (ii) of which not less than the necessary percentage of the voting rights attached to shares to get majority in extraordinary shareholders’ general meetings are held directly by such individual alone, as long as he is alive, and (iii) of which the corporate purpose is solely to hold some shares or securities free of any Encumbrance;
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Examples of Estate Entity in a sentence

  • The Credit Agreement defines a "Real Estate Entity" as any limited partnership, limited liability company, corporation or other entity which has as its principal business the ownership of real property or debt secured by real property.

  • IPLP's obligations under the Facility have been guaranteed by IPT and such guaranty is secured by a first priority pledge of and security interest in the capital stock or other equity interests held by IPT in each of the subsidiaries of IPT which directly or indirectly, owns or controls the general partner interest (including an interest in the General Partner) in any Real Estate Entity (as defined below) in which IPLP, directly or indirectly owns a limited partner interest (including the Partnership).

  • IPLP's obligations under the Facility have been guaranteed by IPT and such guaranty is secured by a first priority pledge of and security interest in the capital stock or other equity interests held by IPT in each of the subsidiaries of IPT which directly or indirectly owns or controls the general partner interest (including an interest in the General Partner) in any Real Estate Entity (as defined below) in which IPLP directly or indirectly owns a limited partner interest (including the Partnership).

  • The term “consolidated basis” as used in the foregoing financial covenants shall not include any Family Real Estate Entity.

  • Landlord is a licensed Real Estate Entity in the State of Colorado.

  • The Credit Parties will not, nor will they permit any Subsidiary or Permitted Real Estate Entity to, contract, create, incur, assume or permit to exist any Lien with respect to any of their respective property or assets of any kind (whether real or personal, tangible or intangible), whether now owned or hereafter acquired, except for Permitted Liens.

  • Subject to clause (d) below, a Credit Party may own all or any portion of the Capital Stock and Voting Securities of a Permitted Real Estate Entity.

  • Any notice given by an L/C Issuer, Administrative Agent or the Revolving Lenders pursuant to this Section 2.3(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

  • So long as a Permitted Real Estate Entity is not a guarantor under any Existing Subordinated Notes, any other Subordinated Debt, any senior notes or any other material Indebtedness of a Credit Party, such Permitted Real Estate Entity shall not be required to comply with Section 5.10 of this Credit Agreement and be a Guarantor hereunder.

  • Global Annual Bonus Program awards will be paid out at the end of the calendar year (i.e., after December 1PPstPP) once ▇▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇'s performance rating and Accenture plc's performance for the prior fiscal year, as determined by the Company, are known.