Qualifying Subsidiary definition

Qualifying Subsidiary means any Subsidiary of the Company that (i) is not the Issuer or an Initial Guarantor, and (ii) at the relevant time of determination, is not a Joint Venture Company, a Project Company, a Local Operating Company, a Bidding Company or a Holding Vehicle.

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Qualifying Subsidiary means a U.S. Subsidiary, the total Accounts Receivable of which exceeds the greater of $2.5 million and 0.20% of the amount stated under the heading “Accounts receivable, net of allowance for doubtful accounts,” or its equivalent, appearing on the most recently prepared consolidated balance sheet of Parent and its subsidiaries as of the end of a fiscal quarter of Parent, prepared in accordance with United States generally accepted accounting principles.

Qualifying Subsidiary means a former direct or indirect Subsidiary of LMC, any successor of any such former Subsidiary, and the parent company (directly or indirectly) of any such former Subsidiary or successor, including Spinco, LIC, TripCo, Ascent Capital Group, Inc., Discovery Communications, Inc., Liberty Global, Inc. and Starz.

Examples of Qualifying Subsidiary in a sentence

• In the event and upon any Qualifying Subsidiary becoming a Significant Subsidiary, the Issuer shall, within forty-five calendar days of such Qualifying Subsidiary becoming a Significant Subsidiary, cause such Subsidiary to become a Guarantor hereunder by executing and delivering to the Trustee a supplemental Indenture in the form of Exhibit B hereto, and take all such actions as provided for therein.

• With respect to each such Qualifying Subsidiary, the Issuer shall also promptly deliver or cause to be delivered to the Trustee written notice setting forth the date on which it became a Significant Subsidiary.

• Any such agreement shall specify the terms on which it is made and given (including any minimum level of ownership and/or control which CITIC or GEC, as the case may be, is required to maintain in such subsidiary) and, in the event of any failure to comply with such conditions at any time, the relevant entity shall (for the avoidance of doubt) be deemed to have ceased to be a Qualifying Subsidiary, as the case may be.

• Once that process is complete, the same process shall then be applied to the surplus Grade A employees.

• Each of the parties (other than the Company) shall ensure that it and any Qualifying Subsidiary which holds Shares duly complies with all its obligations arising from time to time under the SFO with respect to AsiaSat Shares in which it is interested for the purposes of the SFO.

More Definitions of Qualifying Subsidiary

Qualifying Subsidiary means a former direct or indirect Subsidiary of Liberty, any successor of any such former Subsidiary, and the parent company (directly or indirectly) of any such former Subsidiary or successor, including Liberty Media Corporation, Liberty TripAdvisor Holdings, Inc., Liberty Expedia Holdings, Inc., Liberty Broadband Corporation, Ascent Capital Group, Inc. and CommerceHub, Inc.

Qualifying Subsidiary means a former direct or indirect Subsidiary of Liberty Media, any successor of any such former Subsidiary, and the parent company (directly or indirectly) of any such former Subsidiary or successor, including SplitCo.

Qualifying Subsidiary means in relation to CITIC or GEC, a subsidiary thereof in relation to which CITIC or GEC (as the case may be):

Qualifying Subsidiary any Restricted Subsidiary that has guaranteed any Convertible Notes, Replacement Facility, Incremental Equivalent Debt or Junior Indebtedness permitted to be incurred under Section 8.2(p) hereof.

Qualifying Subsidiary means a company which is a subsidiary of a bank incorporated in Singapore where such bank meets the requirements under section 9(1);

Qualifying Subsidiary means a former direct or indirect subsidiary of LMC, any successor of any such former subsidiary, and the parent company (directly or indirectly) of any such former subsidiary or successor, including without limitation the Company.

Qualifying Subsidiary of a Person shall mean a Subsidiary of such Person in which such Person's ownership and voting interest is sufficient to satisfy the ownership and voting requirements of the Internal Revenue Code of 1986, as amended, and the regulations thereunder, for a distribution of such Person's interest in such Subsidiary to the holders of Wireless Group Common Stock and, in the event that the Wireless Group Allocation Fraction is less than one, the holders of Common Stock (or any such securities into which the Wireless Group Common Stock or the Common Stock may have been converted, reclassified or changed or for which they may have been exchanged), as the case may be, to be tax free to such holders.