Minority Subsidiary definition

Minority Subsidiary means a Subsidiary whose accounts would be consolidated with those of its parent (as defined in the definition of Subsidiary) as provided in the definition of Subsidiary, but the parent owns securities or other ownership interests representing less than 50% of the equity or less than 50% of the ordinary voting power or, in the case of a partnership, less than 50% of the general partnership interests.

Minority Subsidiary means any Person whose Equity Interests are owned, held or Controlled directly or indirectly by another Person, but who is not a Subsidiary of such other Person.

Minority Subsidiary means a Subsidiary whose accounts are consolidated -------------------- with those of its parent (as defined in the definition of Subsidiary) as provided in the definition of Subsidiary, but the parent (a) does not own the minimum amount set forth in clause (a) of the definition of Subsidiary, or (b) does not Control the Subsidiary as set forth in clause (b) of the definition of Subsidiary.

Examples of Minority Subsidiary in a sentence

• Under the terms of the Scheme, the Company will allot and issue Reorganisation Shares to New OEIC following the cancellation under the Capital Reduction of the Subsidiary Shares in respect of which Minority Subsidiary Shareholders elect for Consideration Option B.

• Minority Subsidiary Shareholders may elect to receive (or, if the Company is unable to satisfy cash elections in full or if no election is made, will be deemed to have elected to receive) New OEIC Shares in consideration for their Subsidiary Shares.

• All other terms and conditions of the Agreement remain in full force and effect except as they may be modified hereby.

• None of Seller, WWTI, (with respect to the Business) or the Subsidiaries (other than any Minority Subsidiary) is subject to any contractual restriction that prohibits it from carrying on the Business in the areas of the world where the Business has been conducted, except for such restrictions that could not reasonably be expected to have a Material Adverse Effect.

• Other than with respect to the Purchaser Shares as contemplated hereby or by the Relationship Agreement: neither Seller nor any Seller Subsidiary holds any Interest as of the date hereof, and except as notified to Purchaser in writing, after the date hereof neither Seller nor any Seller Subsidiary or, to the Knowledge of Seller, any Seller Minority Subsidiary holds any Interest.

More Definitions of Minority Subsidiary

Minority Subsidiary means all corporations and other entities Related to the Business with respect to which less than 50% of the voting shares or other voting equity interests are owned directly or indirectly by Seller.

Minority Subsidiary means any entity in which a Person, directly or indirectly, beneficially owns 50% or less of the Equity Securities.

Minority Subsidiary means, with respect to the Company, any corporation or other organization, whether incorporated or unincorporated, of which at least 20 percent of the outstanding voting stock or other equity interest entitled ordinarily to vote in the election of the directors or other governing body (however designated) of such corporation or organization is at the time directly or indirectly owned or controlled by the Company or by any one or more of its wholly owned Subsidiaries, but shall not include any Company Subsidiary.

Minority Subsidiary means a Subsidiary that is not a Controlled Subsidiary.

Minority Subsidiary means any entity in which a Person, directly or indirectly, beneficially owns 50% or less of the Equity Securities. “Mortgages” shall mean all mortgages, deeds of trust, or deeds to secure debt, as applicable, delivered with respect to the Real Property substantially in the form of Exhibit M (with such changes as are reasonably approved by the Required Lenders to account for local law matters), as they may be amended, supplemented or otherwise modified from time to time. “Multiemployer Plan” shall mean any employee benefit plan of the type described in Section 4001(a)(3) of ERISA and subject to Title IV of ERISA to which a Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or with respect to which any Loan Party or ERISA Affiliate has or could reasonably be expected to have any liability or obligation. “Xxxxx” shall have the meaning given such term in the definition of “Affiliated Entity.” “Negotiable Collateral” shall mean letters of credit, letter-of-credit rights, instruments, promissory notes, drafts and documents (as each such term is defined in the Code). “Net Cash Proceeds” shall mean (a) in connection with any Transfer or Event of Loss, the proceeds thereof in the form of cash and cash equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but only as and when received), net of attorneys’ fees, accountants’ fees, investment banking fees, amounts required to be 13 KE 46048467.851041480.3

Minority Subsidiary means when used with respect to any Person, any other Person that such Person directly or indirectly owns or has the power to vote or control more than 30% but less than 50% of the voting stock or other interests the holders of which are generally entitled to vote for the election of the board of directors or other applicable governing body of such other Person.

Minority Subsidiary means any corporation or limited liability company of which the Company directly or indirectly owns shares or membership interests representing at least 20 percent but less than 50 percent of the combined voting power of the shares of all classes or series of capital stock or membership interests of such corporation or limited liability company which have the right to vote generally on matters submitted to a vote of the shareholders or members of such corporation or limited liability company.