Orphan Entity definition

Orphan Entity means any entity, all the shares of which are owned by a professional trust company and which is managed by such professional trust company pursuant to the Administration Agreement in respect of such entity.

Related to Orphan Entity

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Licensing entity means an office, board, commission,

  • Benefit Plan Entity shall have the meaning assigned to such term in Section 3.9.

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • Group Business Entity means;