GGP Holding Company definition

GGP Holding Company means, as at the relevant time, any BPY Subsidiary which (i) directly or indirectly owns equity securities of GGP at such time and such equity securities represent more than 50% of the total assets of such subsidiary at such time determined on a consolidated basis in accordance with GAAP, (ii) directly or indirectly owns more than 5% of the issued and outstanding Equity Securities of GGP or (iii) is otherwise a primary holding company or member of a group of primary holding companies for BPY's consolidated interest in GGP. "Obligors" means the Borrowers and the Guarantors. "Restricted Entities" means the Obligors, BPO Holding Companies, GGP Holding Companies and any other holding company formed in compliance with the Credit Agreement and that sits between BPY and the First Tier Holding Companies existing at such date.
Sample 1
GGP Holding Company means, as at the relevant time, any BPY Subsidiary which (i) directly or indirectly owns Equity Securities of GGP at such time and such Equity Securities represent more than 50% of the total assets of such Subsidiary at such time determined on a consolidated basis in accordance with GAAP, (ii) directly or indirectly owns more than 5% of the issued and outstanding Equity Securities of GGP or (iii) is otherwise a primary holding company or member of a group of primary holding companies for BPY’s consolidated interest in GGP.
Sample 1

Examples of GGP Holding Company in a sentence

  • Each Borrower, Guarantor, BPO Holding Company and GGP Holding Company will pay, when due, all payments required to be made in respect of any pension plan covering employees of such entity and will perform all obligations required to maintain each such pension plan in good standing and fully funded, but only, in each case, if to do otherwise would result in Material Adverse Effect.

  • No Borrower, Guarantor, BPO Holding Company or GGP Holding Company is in violation of any mortgage, franchise, license, judgment, decree, order, statute, rule or regulation relating in any way to such Person, or to the operation of its business or to its property or assets, which would result in a Material Adverse Effect.

  • Each Borrower, Guarantor, BPO Holding Company and GGP Holding Company is duly organized and validly subsisting under the laws of the jurisdiction of its organization and is duly qualified, registered or licensed in all jurisdictions except where such qualification, registration or licensing would not result in a Material Adverse Effect.

  • There are no actions, suits, inquiries, claims or proceedings (whether or not purportedly on behalf of any Borrower or Guarantor) pending or threatened against or affecting any Borrower, Guarantor, BPO Holding Company or GGP Holding Company before any Governmental Authority or before any private arbitrator, mediator or referee which, in any case or in the aggregate, would result in a Material Adverse Effect.

Related to GGP Holding Company

  • CFC Holding Company means each Domestic Subsidiary that is treated as a partnership or a disregarded entity for United States federal income tax purposes and that has no material assets other than assets that consist (directly or indirectly through disregarded entities or partnerships) of Equity Interests or indebtedness (as determined for United States tax purposes) in one or more CFCs.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Foreign Holding Company means any Subsidiary all or substantially all of the assets of which are comprised of Equity Interests in one or more Foreign Subsidiaries or CFC Debt.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Public utility holding company means: (1) any company that,

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Holding Companies means, collectively, the Company and Holdings, and each is a “Holding Company”.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;

  • Bank Holding Company Act means the Bank Holding Company Act of 1956, as amended.

  • GP means Gottbetter & Partners, LLP.

  • Savings and Loan Holding Company means a company registered as such with the Office of Thrift Supervision pursuant to 12 U.S.C. §1467(a) and the regulations of the Office of Thrift Supervision promulgated thereunder.

  • Generating Company means any company or body corporate or association or body of individuals, whether incorporated or not, or artificial juridical person, which owns or operates or maintains a generating station;

  • existing company means a company formed and registered under any of the previous companies laws…”

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Holding Company means, in relation to a company or corporation, any other company or corporation in respect of which it is a Subsidiary.

  • Holding Company Transaction means the occurrence of (a) any transaction (including, without limitation, any acquisition, merger or consolidation) the result of which is that a “person” or “group” within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended, (i) becomes the direct or indirect ultimate “beneficial owner,” as defined in Rule 13d-3 under that Act, of common equity of the Issuer representing more than 50% of the voting power of the outstanding Common Stock or (ii) is otherwise required to consolidate the Issuer for purposes of generally accepted accounting principles in the United States, or (b) any consolidation or merger of the Issuer or similar transaction or any sale, lease or other transfer in one transaction or a series of related transactions of all or substantially all of the consolidated assets of the Issuer and its subsidiaries, taken as a whole, to any Person other than one of the Issuer’s subsidiaries; provided that, in the case of either clause (a) or (b), the Issuer or the Acquiror is or becomes a Bank Holding Company or Savings and Loan Holding Company.

  • General partnership means an organization formed under chapters 45-13 through 45-21.

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Domestic Foreign Holding Company means any Domestic Subsidiary of the Borrower that owns no material assets (held directly or indirectly through one or more disregarded entities) other than capital stock (or capital stock and/or debt) of one or more Foreign Subsidiaries that are CFCs and/or Domestic Foreign Holding Companies.