Majority-Owned Affiliate definition

Majority-Owned Affiliate. A “majority-owned affiliate” as defined under Regulation RR.

Majority-Owned Affiliate. A “majority-owned affiliate” as defined under the Credit Risk Retention Rules.

Majority-Owned Affiliate means an Affiliate of a Person (i) that is directly or indirectly controlled by such Person and (ii) in which such Person directly or indirectly owns securities representing more than fifty percent (50%) of the outstanding securities of any class of voting securities of such Affiliate.

Examples of Majority-Owned Affiliate in a sentence

• CNHICA or (to the extent permitted by the Credit Risk Retention Rules) a Majority-Owned Affiliate will continue to comply with all requirements imposed on the “sponsor of a securitization transaction” by the Credit Risk Retention Rules for so long as those requirements are applicable, including holding the Retained Interest for the duration required in the Credit Risk Retention Rules without any impermissible hedging, transfer or financing of the Retained Interest.

• SPC’s policy requires the organisation to hold 600,000 CFP units in the General Reserve with any excess amount normally to be brought back into the budget.

• U.S. Credit Risk Retention The Collateral Manager is required under the U.S. Credit Risk Retention Requirements to ensure that it (or a majority-owned affiliate as defined under the U.S. Credit Risk Retention Requirements (a "Majority-Owned Affiliate")) acquires and retains an economic interest in the credit risk of interests created by the Issuer on the Issue Date in an amount of not less than five per cent.

• Neither this Agreement nor any right or obligation hereunder may be assigned or delegated, in whole or part, by either Party without the prior written consent of the other; provided that such written consent shall not be required where: (a) either Party assigns this Agreement to any entity that acquires substantially all of the assets to which this Agreement relates, (b) JTI assigns this Agreement to a Majority-Owned Affiliate of JTI or (c) ABX assigns this Agreement to an Affiliate.

• U.S. Credit Risk Retention The Collateral Manager is required under the U.S. Credit Risk Retention Requirements to ensure that it (or a majority-owned affiliate as defined under the U.S. Credit Risk Retention Requirements (a "Majority-Owned Affiliate")) acquires and retains an economic interest in the credit risk of interests created by the Issuer on the Refinancing Date in an amount of not less than five per cent.

More Definitions of Majority-Owned Affiliate

Majority-Owned Affiliate of a specified Person means another Person that is a controlled Affiliate of such specified Person, with respect to which such specified Person (directly or indirectly) owns an economic and voting interest in more than 50% of such controlled Affiliate’s outstanding Equity Interests.

Majority-Owned Affiliate means an Affiliate at least 50.1% of the equity interests of which are owned, directly or indirectly, by the Borrower, the Servicer or the Transferor, as applicable.

Majority-Owned Affiliate means an Affiliate of a Person (i) that is directly or indirectly controlled by such Person and (ii) in which such Person directly or indirectly owns securities representing more than 50% of the outstanding securities of any class of voting securities of such Affiliate.

Majority-Owned Affiliate means an Affiliate whose Control is measured at fifty (50) percent or greater.

Majority-Owned Affiliate. This term has the meaning set forth in Section 4(gg).

Majority-Owned Affiliate of a specified Person means another Person that is a controlled Affiliate of such specified Person, with respect to which such specified Person (directly or indirectly) owns an economic and voting interest in more than 50% of such controlled Affiliate’s outstanding Capital Stock.

Majority-Owned Affiliate when used with respect to any party means any corporation or other organization, whether incorporated or unincorporated, at least a majority of the securities or other interests of which having by their terms ordinary voting power to elect a majority of the Board of Directors or others performing similar functions with respect to such corporation or other organization, is directly or indirectly owned or controlled by such party or by any one or more of its Subsidiaries, or by such party and one or more of its Subsidiaries, and with respect to which such party is prevented, by virtue of contractual limitations or limitations imposed in organizational documents, from electing a majority of the Board of Directors or others performing similar functions.