Intermediate Holdco means Intelsat Intermediate Holding Company S.A., until a successor replaces it, and thereafter means such successor.
Examples of Intermediate Holdco in a sentence
Registrant holds a total of 91.21% as follows: 89.83% through DBM Global Intermediate Holdco Inc.
More Definitions of Intermediate Holdco
Intermediate Holdco is defined in the preamble.
Intermediate Holdco means a Subsidiary of the Borrower which is an intermediate holding company that (i) directly owns no material assets other than Equity Interests in one or more lower tier Subsidiaries of the Borrower which are intermediate holding companies themselves, (ii) indirectly owns no material assets other than Equity Interests in Restricted Subsidiaries where such Equity Interests in Restricted Subsidiaries have been subject to a first-priority security interest securing the Obligations and the Guaranty to the extent required by clause (c) of the definition of “Collateral and Guarantee Requirement” and (iii) is not a Guarantor.