Seller Subsidiary definition

Seller Subsidiary means a Subsidiary of Seller.

Seller Subsidiary shall have the meaning set forth in ----------------- Section 13.1. ------------

Seller Subsidiary means each Subsidiary of Seller.

Examples of Seller Subsidiary in a sentence

• Neither the Seller nor any Seller Subsidiary is a party to any collective bargaining agreements.

• After the Closing Date, at Purchaser’s election, Purchaser shall prepare, and the applicable Seller, Seller Subsidiary or Seller Group member shall timely file, any Tax Return relating to any Seller, Seller Subsidiary or Seller Group member for any Pre-Closing Tax Period or Straddle Period due after the Closing Date or other taxable period of any entity that includes the Closing Date, subject to the right of the applicable Seller to review any such material Tax Return.

• Neither Seller nor any Seller Subsidiary will have any material liability for any such taxes in excess of the amounts so paid or reserves or accruals so established.

• Neither Seller nor any Seller Subsidiary has received any communication alleging that Seller or any Seller Subsidiary is not in such compliance and, to the best knowledge of Seller, there are no present circumstances that would prevent or interfere with the continuation of such compliance.

• Neither Seller nor any Seller Subsidiary has agreed to make, or is required to make, any adjustment under Section 481(a) of the Code.

More Definitions of Seller Subsidiary

Seller Subsidiary means any corporation, 50% or more of the capital stock of which is owned, either directly or indirectly, by Seller or Seller Bank, except any corporation the stock of which is held in the ordinary course of the lending activities of Seller Bank.

Seller Subsidiary shall include each Subsidiary (as defined in Article 1 hereof) of Seller, and each corporation, partnership, limited liability company, joint venture or other entity which Seller controls directly or indirectly (through one or more intermediaries). For purposes of the previous sentence, "control" means the possession, direct or indirect, of the power either (1) to vote fifty percent (50%) or more of the voting interests of a corporation, partnership, limited liability company, joint venture or other entity, or (2) to direct or cause the direction of the management and policies of a corporation, partnership, limited liability company, joint venture or other entity, whether by contract or otherwise.

Seller Subsidiary shall have the meaning set forth in Section 5.8.

Seller Subsidiary and “Buyer Subsidiary” shall mean any direct or indirect Subsidiary of Seller or Buyer, respectively.

Seller Subsidiary has the meaning set forth in the Preamble.

Seller Subsidiary and “Seller Subsidiaries” — Section 3.01(a)(ii)

Seller Subsidiary means any Subsidiary of a Seller, other than the Depositor or the Issuer.