Minority Subsidiaries definition

Minority Subsidiaries means Trace Sahtu, Delta and Trace Inuvialuit.
Sample 1
Minority Subsidiaries means Bofors Support AB and Bofors Test Centre AB.
Sample 1
Minority Subsidiaries means the Subsidiaries noted as such on Schedule 1.2 hereto. ------------
Sample 1

Examples of Minority Subsidiaries in a sentence

  • The Subsidiaries (other than the Minority Subsidiaries) have filed or caused to be filed all tax returns and reports required to have been filed relating to the Business, except for failures to file returns and reports which could not reasonably be expected to have a Material Adverse Effect.

  • Section 3.1 of the Seller Disclosure Schedule sets forth a list of all the Company Subsidiaries and Minority Subsidiaries, including their jurisdiction of organization and the respective record and beneficial ownership interests therein of Seller, the Company and the Company Subsidiaries (identified by name), and, to the extent not wholly owned by Seller, the Company or any Company Subsidiary, the identity and percentage ownership interest of any other record owner.

  • Seller shall terminate the participation of the Company, the Company Subsidiaries and the Minority Subsidiaries in all cash pooling arrangements maintained by Seller or its Affiliates (other than arrangements, if any, maintained exclusively by the Company and Company Subsidiaries) as of the Closing.

  • All payments (including, without limitation, rent) with respect to material Leased Real Property (except to the extent leased by Minority Subsidiaries) due and payable and not being contested by Seller have been paid by Seller.

  • Prior to Closing, Seller shall pay or cause to be ---------------- paid on a timely basis, or provide an adequate reserve for, all Taxes that have accrued with respect to the operations of the Subsidiaries (other than the Minority Subsidiaries) for the Seller Tax Period.

  • All Accounts Receivable that are reflected on the Interim Consolidated Balance Sheet or on the accounting records of the Corporations as of the Closing Date represent or will represent valid obligations arising from sales actually made or services actually performed by the Corporations and the Minority Subsidiaries in the Ordinary Course of Business.

  • Neither Corporation is liable for any current or future obligations or liabilities of the Minority Subsidiaries, except pursuant to applicable Legal Requirements.

  • Schedule 3.16 is a true and complete copy of the -------------------- ------------- unaudited, combined Balance Sheet as of August 31, 1996 and the related unaudited, combined statement of income, before tax, for the eight-month period then ended for the Business (including the Minority Subsidiaries) (together, the "Financial Statements").

  • Prior to Closing, Seller shall pay or cause to be paid on a timely basis, or provide an adequate reserve for, all Taxes that have accrued with respect to the operations of the Subsidiaries (other than the Minority Subsidiaries) for the Seller Tax Period.

  • Such Permits constitute all of the material Permits necessary to permit the Company and the Minority Subsidiaries to own, operate, use and maintain their assets and properties in the manner in which they are now operated and maintained and to conduct the business of the Company and the Minority Subsidiaries as currently conducted.


More Definitions of Minority Subsidiaries

Minority Subsidiaries means the Subsidiaries noted as such on Schedule 1.2 hereto.
Sample 1

Related to Minority Subsidiaries

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

  • Excluded Subsidiaries means any Subsidiary of the Parent that is: (a) listed on Schedule 1.02(b) as of the Effective Date and any Restricted Subsidiary of such Subsidiary; (b) (i) a Foreign Subsidiary (other than a UK Subsidiary), (ii) a CFC or a CFC Holding Company or a Domestic Subsidiary or a UK Subsidiary of a CFC or a CFC Holding Company, (iii) a Foreign Subsidiary of a US Loan Party, or (iv) any other Subsidiary with respect to which a guarantee could result in adverse tax consequences to the Borrower, the Parent or any Subsidiary of the Parent (as reasonably determined by the Borrower), (c) a Joint Venture or a Subsidiary that is not otherwise a wholly-owned Restricted Subsidiary (other than with respect to directors’ qualifying or nominee shares); (d) an Immaterial Subsidiary; (e) an Unrestricted Subsidiary; (f) a Captive Insurance Subsidiary or other special purpose entity; (g) not-for-profit Subsidiary; (h) prohibited by applicable Requirement of Law or contractual obligation from guaranteeing or granting Liens to secure any of the Secured Obligations or with respect to which any consent, approval, license or authorization from any Governmental Authority would be required for the provision of any such guaranty (but in the case of such guaranty being prohibited due to a contractual obligation, such contractual obligation shall have been in place at the Effective Date or at the time such Subsidiary became a Restricted Subsidiary and is not created in contemplation of or in connection with such Person becoming a Restricted Subsidiary); provided that each such Subsidiary shall cease to be an Excluded Subsidiary solely pursuant to this clause (h) if such consent, approval, license or authorization has been obtained; (i) with respect to which the Borrower and the Administrative Agent reasonably agree that the cost or other consequences (including adverse tax consequences) of providing a guaranty of the Secured Obligations outweigh the benefits to the Lenders; (j) a Restricted Subsidiary acquired pursuant to an Acquisition financed with secured Indebtedness permitted to be incurred under Section 6.01 and each Restricted Subsidiary that is a Subsidiary thereof to the extent such secured Indebtedness prohibits such Restricted Subsidiary from becoming a Guarantor; provided that each such Restricted Subsidiary shall cease to be an Excluded Subsidiary solely pursuant to this clause (j) if such secured Indebtedness is repaid or becomes unsecured, if such Restricted Subsidiary ceases to Guarantee such secured Indebtedness or such prohibition no longer exists, as applicable; (k) a Securitization Subsidiary; or (l) a Subsidiary that does not have the legal capacity to provide a guarantee of the Secured Obligations (provided that the lack of such legal capacity does not arise from any action or omission of Borrower or any other Loan Party), in each case other than any Electing Guarantor for so long as such entity is an Electing Guarantor.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Minority group member means a United States citizen or permanent resident alien who is and can demonstrate membership in one of the following groups:

  • Parent Subsidiaries means the Subsidiaries of Parent.

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • Retained Subsidiaries means all of the direct and indirect Subsidiaries of Seller other than the Purchased Subsidiaries.

  • Unconsolidated Affiliates means an Affiliate of the Parent Entity or any other member of the Consolidated Group whose financial statements are not required to be consolidated with the financial statements of the Parent Entity in accordance with GAAP.

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Consolidated Entities means any Person (other than an Investment Entity) in which the Borrower owns any Capital Stock, the accounts of which Person are consolidated with those of the Borrower in accordance with GAAP.

  • Canadian Subsidiaries means the Subsidiaries (other than the Canadian Parent) organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.

  • Principal Subsidiaries means any subsidiary of the Guarantor whose total assets, as shown by the accounts of such subsidiary (consolidated in the case of a subsidiary which itself has subsidiaries), based upon which the latest audited consolidated accounts of the Group have been prepared, is at least 20 per cent. of the total assets of the Group as shown by such audited consolidated accounts, provided that if any such subsidiary (the “transferor”) shall at any time transfer the whole or a substantial part of its business, undertaking or assets to another subsidiary of the Guarantor or to the Guarantor itself (the “transferee”) then:

  • Consolidated Parties means a collective reference to the Borrower and its Subsidiaries, and "Consolidated Party" means any one of them.

  • Minority-owned business means a business that is at least 51 percent owned by one or more minority individuals who are United States citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more minority individuals who are United States citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more minority individuals.

  • Material Subsidiaries Subsidiaries of the Borrower constituting, individually or in the aggregate (as if such Subsidiaries constituted a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.

  • Consolidated Subsidiaries means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Acquired Entities means the Company and the Company Subsidiaries.

  • lone parent means a person who has no partner and who is responsible for and a member of the same household as a child or young person;

  • Designated Subsidiaries means the Subsidiaries which have been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.