Operating Company definition

Operating Company means, collectively, the tenants under the Operating Leases, and their successors and permitted assigns.
Operating Company means any company that (i) is not, and does not hold itself out as being engaged primarily in the business of investing, reinvesting, owning, holding or trading in securities and does not own securities having a value exceeding 50% of the value of such company's total assets as set forth on such company's most recently publicly available financial statement; or (ii) is a banking institution, insurance company or broker-dealer, incorporated or organized under the laws of a country other than the United States, or a political subdivision of a country other than the United States that is regulated as such by that country's or subdivision's government or any agency thereof.
Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

Examples of Operating Company in a sentence

Each Borrower hereby acknowledge that the issuance of Letters of Credit for the account of any Restricted Operating Company Subsidiary or any other Affiliate of such Borrower inures to the benefit of such Borrower, and that such Borrower’s business derives substantial benefits from the businesses of such parties.

Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account of, a Restricted Operating Company Subsidiary or any other Affiliate of a Borrower, US Borrower or Canada Borrower (as applicable) (as applicant with respect to such Letter of Credit) shall be obligated to reimburse the applicable LC Issuing Bank hereunder for any and all drawings under such Letter of Credit.

Except where ORR has directed otherwise in the exercise of its powers under the Act or the Network Code, and except in relation to London Underground Limited and Heathrow Express Operating Company Limited to the extent that such persons are not party to the Network Code, Network Rail shall ensure that all operators of trains having permission to use any track comprised in the Network agree to comply with the Network Code.

Under this Note, Borrower and Operating Company include the successors of each, and Lender includes its successors and assigns.

Thereafter, owing to the needs of any shareholder, the Joint Operating Company shall allow such shareholder's staff access to the books of accounts within the relevant periods and provide them with duplicates of the relevant accounting records, if necessary.


More Definitions of Operating Company

Operating Company means MPLX Operations LLC, a Delaware limited liability company, and any successors thereto.
Operating Company means an “operating company” within the meaning of Section 2510.3-101(c) of the Plan Assets Regulation.
Operating Company means Teekay Offshore Operating L.P., a Marshall Islands limited partnership, and any successors thereto.
Operating Company means Williams Partners Operating LLC, a Delaware limited liability company, and any successors thereto.
Operating Company means American Midstream, LLC, a Delaware limited liability company, and any successors thereto.
Operating Company means Teekay LNG Operating L.L.C., a Marshall Islands limited liability company, and any successors thereto.
Operating Company means Equitrans Investments, LLC, a Delaware limited liability company, and any successors thereto.