immediate subsidiary definition
immediate subsidiary means a subsidiary as defined under section 5(1)(a) of the Companies Act;
immediate subsidiary means each Group Member that is an immediate Subsidiary of the Company or Lyon Investments B.V. being, as at the date of this Agreement Lyon Investments B.V., Sturmey ▇▇▇▇▇▇ Limited, Raleigh Industries of Canada Limited, Derby Trading Co. Inc and Derby Holding B.V..
immediate subsidiary of a Person means any other Person that is Controlled by the first-mentioned Person and in which the first-mentioned Person holds any Equity Securities. The NFC Shares of a Person on a “Look-through Basis” means (i) the aggregate number of NFC Shares held by such Person (and, where such Person is a natural Person, his Immediate Family Members), and (ii) the sum of (x) the number of NFC Shares of each Immediate Subsidiary of such Person on a Look-through Basis, multiplied by (y) the percentage of the Equity Securities in such Immediate Subsidiary that are held by such Person. For purposes hereof, an Equity Security is deemed to be “held” by a Person, and such Person “holds” such Equity Security, if (i) it is recorded in the name of such Person and such Person has not Transferred such Equity Security, or (ii) where such Person is a natural Person, if it is recorded in the name of any of his Relevant Holders, and such Relevant Holder has not Transferred such Equity Security.
More Definitions of immediate subsidiary
immediate subsidiary of a Person means any other Person that is Controlled by the first-mentioned Person and in which the first-mentioned Person holds any Equity Securities.