Indirect Subsidiary means any corporation of which a Participating Employer directly and constructively owns at least eighty percent (80%) of the total combined voting power of all classes of its stock entitled to vote. In determining the amount of stock of a corporation that is constructively owned by a Participating Employer, stock owned, directly or constructively, by a corporation shall be considered as being owned proportionately by its shareholders according to such shareholders' share of voting power of all classes of its stock entitled to vote.
Indirect Subsidiary has the meaning given such term in the definition of "Subsidiary Pledge Agreement."
Indirect Subsidiary has the meaning given such term in the definition of “Subsidiary Pledge Agreement.”
Examples of Indirect Subsidiary in a sentence
Indirect subsidiary company(held through Advanced Business Solutions (M) Sdn.
More Definitions of Indirect Subsidiary
Indirect Subsidiary means a corporation which, from its incorporation until consummation of a 1008 merger governed by this section, was at all times a direct wholly-owned wholly owned subsidiary of the 1009 holding company.
Indirect Subsidiary means Subsidiary shares of which are owned of record directly by a Subsidiary, and indirectly by the Borrower.
Indirect Subsidiary means a corporation which, from its incorporation until consummation of a merger governed by this section, was at all times a direct wholly-owned subsidiary of the holding company.
Indirect Subsidiary means any corporation of which a Participating
Indirect Subsidiary means a corporation which, from its incorporation until consummation of a
Indirect Subsidiary means each Transferred Subsidiary with respect to which all of its outstanding shares of capital stock are held directly or indirectly by another Transferred Subsidiary.
Indirect Subsidiary means any Subsidiary that is not a Direct Subsidiary. “Initial PE Member” is defined in the first paragraph hereof.