Owner Subsidiaries definition

Owner Subsidiaries means an entity or entities formed by or at the direction of the Company to directly own, in whole or in part, on behalf of the Company, any Properties.
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Owner Subsidiaries means Dells Owner and Sandusky Owner.
Sample 1

Examples of Owner Subsidiaries in a sentence

  • The Property Manager shall arrange for, and negotiate contracts on behalf of the Owner Subsidiaries for, gas, electricity, water, telephone, trash collection, sewer, elevator service, landscaping, janitorial service, security service and such other services as are, or will be, furnished to the Properties for terms of not greater than one year, unless otherwise approved by the Company.

  • Further, the Property Manager shall not cause, or fail to take commercially reasonable actions to prevent, a divestiture of title from any of the Owner Subsidiaries under any encumbrance or any other Matter of Record.

  • The Property Manager shall devote its commercially reasonable efforts to performing its duties hereunder to manage, operate and maintain the Properties in a diligent, careful and professional manner to maximize all potential revenues to the Owner Subsidiaries and to minimize expenses and losses to the Owner Subsidiaries.

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  • Since Owner Subsidiaries are the lessors pursuant to the four Equipment Leases described above, and Owner Subsidiaries are disregarded by Owner for federal income tax purposes, Owner is entitled to claim the tax credit provided under N.C. Gen.

  • For purposes of calculating the amount of the NC Tax Credits, (A) Owner's acquisition of the Owner Subsidiaries will be treated as an acquisition by Owner of the assets of the Owner Subsidiaries, (B) the amount paid to acquire legal title to each Owner Subsidiary will be allocated to each asset of such Owner Subsidiary (in the manner described in the Statement of Facts) and such amount will be treated as an amount paid by Owner for such asset, and (C) Owner's "cost" (within the meaning of N.C. Gen.

  • In this case, by virtue of disregarding Owner Subsidiaries, Owner may claim the NC Tax Credit.

  • Therefore, the actual amounts paid by Owner Subsidiaries to develop/construct the renewable energy property must be used by Owner as the cost basis for purposes of calculating the amount of NC Tax Credit.

  • Manager shall, at the cost of CPHP, utilize efforts in accordance with the Performance Standard to obtain and maintain, in CPHP’s (or, at the request of CPHP, its Affiliate’s) name whenever possible, all licenses and permits required by Applicable Law of CPHP (or the Property Owner Subsidiaries) in connection with the development of the Managed Improvements or any portion thereof.

  • CPHP shall cause its Property Owner Subsidiaries to take any and all acts reasonably required in order to satisfy the obligations of this Agreement.

Related to Owner Subsidiaries

  • 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.

  • 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.

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

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.

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

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Parent Subsidiaries means the Subsidiaries of Parent.

  • 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.

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

  • Acquired Entities means the Company and the Company Subsidiaries.

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

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Target Companies means the Company and its Subsidiaries.

  • 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.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • 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.

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

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

  • PJM Entities means PJM, including the Market Monitoring Unit, the PJM Board, and PJM’s officers, employees, representatives, advisors, contractors, and consultants. PJM Interchange:

  • Group Companies means the Company and its Subsidiaries.

  • Insurance Subsidiaries means, collectively, MGMM Insurance Company, a Nevada corporation and any Subsidiaries formed for the purpose of facilitating and providing insurance coverage and claims services for the Company and its Subsidiaries.

  • 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:

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon which responsibilities are imposed and to which authority is granted in the declaration.

  • Seller Affiliates has the meaning assigned to such term in Section 2.7.1;

  • Operating Companies means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.