Future Subsidiaries definition

Future Subsidiaries mean a Subsidiary or those Subsidiaries, respectively, which are not currently a party to this Agreement in the capacity as a Present Subsidiary or Present Subsidiaries.
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Future Subsidiaries has the meaning provided in Section 6.1(i).
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Examples of Future Subsidiaries in a sentence

  • Collateral Documents --------------------------------------------------------------------------- by Certain Subsidiaries and Future Subsidiaries.

  • Section 10.1 Conflicting Agreements 28 Section 10.2 Termination 28 Section 10.3 Interest on Late Payments 28 Section 10.4 Specific Performance 28 Section 10.5 Successors 29 Section 10.6 Application to Present and Future Subsidiaries 29 Section 10.7 Assignability 29 Section 10.8 No Fiduciary Relationship 29 Section 10.9 No Duplication; No Double Recovery.

  • The Company shall cause each of its future direct and indirect Subsidiaries (the "Future Subsidiaries") to become a party to this Agreement and the Guarantee, Pledge and Security Agreement, such that each Future Subsidiary will become a Subsidiary Guarantor under this Agreement and the Guarantee, Pledge and Security Agreement and be subject to all the conditions of this Agreement and the Guarantee, Pledge and Security Agreement applicable to Subsidiary Guarantors.

  • Accordingly, Rand is related to each of the Subsidiaries, and each of the Subsidiaries will be related to each of the other Subsidiaries, in the manner set forth in section 57(b), and Rand SBIC is, and each of the Future Subsidiaries will be, related to Rand in the manner set forth in section 57(b).

  • Rand may make similar additional investments in Future Subsidiaries.

  • The Original Rules and the amendments made thereafter were consolidated with effect from May 1, 1997 in the Consolidated Rules of the Contributory Pension Scheme for Employees of the Gleaner Company and Any Future Subsidiaries or Associated Companies (hereinafter called the “1997 Consolidated Rules”).

  • As of the date of this Information Document, the Company has entered into an agreement to acquire eight tri-fuel diesel electric (“TFDE”) membrane type, LNG carriers (the “Vessels”), each owned or leased by one of the Future Subsidiaries which each is intended to become a wholly owned subsidiary of the Company upon closing of the Golar SPA.

  • The Combined Financial Statements reflect the Company, and the Future Subsidiaries (including any entities set up for the purposes of any sale and lease back financing, which are consolidated as variable interest entities (“VIEs”) under US GAAP), eliminating any transactions between them, as if the transactions contemplated by the Golar SPA had been closed with effect from 1 January 2021.

  • Loans or advances to Rand by such Future Subsidiaries would be prohibited if the transactions were deemed to be the purchase by the lender of the securities of the borrower.

  • The Company has prepared the combined financial statements for the Future Subsidiaries and the Company for 2021 (referred to as the “Combined Financial Statements”) which have been prepared in accordance with accounting principles generally accepted in United States of America (U.S. GAAP), and are attached hereto as Appendix B.

Related to Future Subsidiaries

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

  • Parent Subsidiaries means the Subsidiaries of Parent.

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • 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.

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.

  • Canadian Subsidiaries means the Subsidiaries (other than the Canadian Parent) organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • Excluded Subsidiaries means any Subsidiary of the Parent that is: (a) listed on Schedule 1.02(b) as of the Effective Date and any Restricted Subsidiary of such Subsidiary; (b) (i) a Foreign Subsidiary (other than a UK Subsidiary), (ii) a CFC or a CFC Holding Company or a Domestic Subsidiary or a UK Subsidiary of a CFC or a CFC Holding Company, (iii) a Foreign Subsidiary of a US Loan Party, or (iv) any other Subsidiary with respect to which a guarantee could result in adverse tax consequences to the Borrower, the Parent or any Subsidiary of the Parent (as reasonably determined by the Borrower), (c) a Joint Venture or a Subsidiary that is not otherwise a wholly-owned Restricted Subsidiary (other than with respect to directors’ qualifying or nominee shares); (d) an Immaterial Subsidiary; (e) an Unrestricted Subsidiary; (f) a Captive Insurance Subsidiary or other special purpose entity; (g) not-for-profit Subsidiary; (h) prohibited by applicable Requirement of Law or contractual obligation from guaranteeing or granting Liens to secure any of the Secured Obligations or with respect to which any consent, approval, license or authorization from any Governmental Authority would be required for the provision of any such guaranty (but in the case of such guaranty being prohibited due to a contractual obligation, such contractual obligation shall have been in place at the Effective Date or at the time such Subsidiary became a Restricted Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary); provided that each such Subsidiary shall cease to be an Excluded Subsidiary solely pursuant to this clause (h) if such consent, approval, license or authorization has been obtained; (i) with respect to which the Borrower and the Administrative Agent reasonably agree that the cost or other consequences (including adverse tax consequences) of providing a guaranty of the Secured Obligations outweigh the benefits to the Lenders; (j) a Restricted Subsidiary acquired pursuant to an Acquisition financed with secured Indebtedness permitted to be incurred under Section 6.01 and each Restricted Subsidiary that is a Subsidiary thereof to the extent such secured Indebtedness prohibits such Restricted Subsidiary from becoming a Guarantor; provided that each such Restricted Subsidiary shall cease to be an Excluded Subsidiary solely pursuant to this clause (j) if such secured Indebtedness is repaid or becomes unsecured, if such Restricted Subsidiary ceases to Guarantee such secured Indebtedness or such prohibition no longer exists, as applicable; (k) a Securitization Subsidiary; or (l) a Subsidiary that does not have the legal capacity to provide a guarantee of the Secured Obligations (provided that the lack of such legal capacity does not arise from any action or omission of Borrower or any other Loan Party), in each case other than any Electing Guarantor for so long as such entity is an Electing Guarantor.

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

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Domestic Subsidiaries means all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Retained Subsidiaries means all of the direct and indirect Subsidiaries of Seller other than the Purchased Subsidiaries.

  • PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.

  • Acquired Entities means the Company and the Company Subsidiaries.

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Inactive Subsidiaries means those Subsidiaries of the Borrower listed on Schedule 1.01.

  • Acquired Subsidiary or “Acquired Subsidiaries” means one or more, as applicable, Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

  • Consolidated Entities means any Person (other than an Investment Entity) in which the Borrower owns any Capital Stock, the accounts of which Person are consolidated with those of the Borrower in accordance with GAAP.

  • Parent Subsidiary means any Subsidiary of Parent.