New Subsidiary definition

New Subsidiary means, as of any date of determination, any Person in which the Company after the Subscription Date, directly or indirectly, (i) owns or acquires any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “New Subsidiaries.”

New Subsidiary has the meaning assigned to such term in Section 6.11.

New Subsidiary means, as of any date of determination, any Person in which the Company after the Issuance Date, directly or indirectly, (i) owns or acquires any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “New Subsidiaries.”

Examples of New Subsidiary in a sentence

• For any such entity that has any of its securities listed on an exchange or market in the United States of America, or has total assets greater than 25% of the consolidated assets of the policyholder as at the inception date of this policy, or is a financial institution, this Extension 3.1 (New Subsidiary) shall not apply.

• The New Subsidiary Guarantor hereby agrees, jointly and severally with all existing Guarantors (if any), to unconditionally guarantee the Issuer’s Obligations under the Notes and the Indenture on the terms and subject to the conditions set forth in Article XII of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes and to perform all of the obligations and agreements of a Subsidiary Guarantor under the Indenture.

• Simultaneously with the acquisition or formation of each New Subsidiary, the Company shall cause such New Subsidiary to execute, and deliver to each holder of Notes, all Security Documents (as defined in the Securities Purchase Agreement) and Guaranties (as defined in the Securities Purchase Agreement) as requested by the Collateral Agent.

• One share of New Subsidiary Common Stock will be issued to Anadarko.

• The remaining three (3) shares of New Subsidiary Common Stock will be issued to Reorganized TXCO.

More Definitions of New Subsidiary

New Subsidiary as defined in Section 7.2(t).

New Subsidiary has the meaning specified therefor in the Notes.

New Subsidiary has the meaning specified therefor in Section 7.01(b)(i).

New Subsidiary means any Person which becomes a Subsidiary of the Company after the Effective Date.

New Subsidiary is defined in SECTION 7.3(G)(II).

New Subsidiary has the meaning specified in Section 7.24.

New Subsidiary as defined in Section 8.11. --------------