Parent Event definition

Parent Event means the occurrence of any of the following events: (i) the Parent has any subsidiary, joint venture or other investment other than the Borrower, (ii) the Borrower is not wholly owned by the Parent, (iii) the Parent’s financials are no longer filed with the SEC, or (iv) the Parent has any Indebtedness to, or Guarantees any Indebtedness of, any Person other than the Borrower.
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Parent Event shall have the meaning set forth in the definition of Material Adverse Effect.
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Parent Event shall have the meaning set forth in the definition of “Company Material Adverse Effect”.
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Examples of Parent Event in a sentence

  • The Senior Parent Finance Parties may take Enforcement Action under Clause 6.9 (Permitted Senior Parent enforcement) in relation to a Relevant Senior Parent Default even if, at the end of any relevant Senior Parent Standstill Period or at any later time, a further Senior Parent Standstill Period has begun as a result of any other Senior Parent Event of Default.

  • After giving effect to the Loans and the terms of this Agreement, the Borrower is, and will be, individually and together with (i) its Subsidiaries, and (ii) prior to the occurrence of a Parent Event, the Parent, Solvent.

  • To the extent applicable, a Parent Event of Indemnification shall be effected in accordance with the terms and conditions of the Indemnity Escrow Agreement.

  • All such rights of the Parent to vote and to give consents, waivers and ratifications shall cease in case a Parent Event shall occur and be continuing.

  • To the extent that Losses with respect to any Parent Event of Indemnification in amounts in excess of the Escrow Fund have been asserted or satisfied from the Escrow Fund, all such Losses shall be paid by the Stockholder Indemnifying Parties, provided that, subject to the provisions of Section 7.2(c), the maximum aggregate liability of the Stockholder Indemnifying Parties hereunder (in excess of the Escrow Fund) shall be $5,000,000.

  • Section 11.1(g) Terminating Parent Event........................................

  • All Losses with respect to any Parent Event of Indemnification shall be asserted against and satisfied first from the Escrow Fund (as defined in the Escrow Agreement).


More Definitions of Parent Event

Parent Event shall have the meaning set forth in the definition of Business Material Adverse Effect.
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Parent Event shall have the meaning provided in Section 6.05(c).
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