Local Operating Company definition
Local Operating Company means a Subsidiary of the Company for the primary purpose of bidding on construction projects or managing and financing any such construction projects.
Local Operating Company means a real estate brokerage entity, the controlling interest of which is owned by a parent company, but is treated as its own distinct company and brokerage. A Local Operating Company shall not include separate branch offices of a Brokerage, or the parent company.
Examples of Local Operating Company in a sentence
Each Local Operating Company owned in whole or in part by a parent company but which owns it sown Unit shall be treated as a separate Shareholder for the purposes of Section 6.5.2(b) above.
The Local Operating Company (LOC) commercial representatives complete the abacavir-containing product Launch Stock Release Form.