Shell Parent Company definition

Shell Parent Company as defined in Section 3.03(b)(iv).
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Shell Parent Company means any direct or indirect owner of the Company that does not, directly or through any other Person, own or lease any material assets (other than the Membership Interests), have an interest in any other project or business or have any material investments or material rights unrelated to the Company, Holdings, the Project Company or the Wind Farm. For avoidance of doubt, any Person that owns another Person (other than the Company, Holdings or the Project Company) that is not a Shell Parent Company shall not be a Shell Parent Company.
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Examples of Shell Parent Company in a sentence

  • For avoidance of doubt, any Person that owns another Person (other than the Company, Holdings or Holdings’s Subsidiaries) that is not a Shell Parent Company shall not be a Shell Parent Company.

  • Notwithstanding the immediately preceding sentence, if the Encumbering Member is a Shell Parent Company or any Shell Parent Company directly or indirectly owns the Encumbering Member, any foreclosure (or deed in lieu thereof) by the lenders or any agent therefor and any Disposition to a third party by such lenders or agent following such foreclosure (or deed in lieu thereof) shall be subject to the requirements of Sections 3.03(b)(i) and 3.03(b)(ii).

  • For avoidance of doubt, any Person that owns another Person (other than the Company, Holdings or the Project Company) that is not a Shell Parent Company shall not be a Shell Parent Company.

  • Nothing in this Agreement shall restrict, limit or require consent for, any direct or indirect Disposition of any ownership or membership interest in any Member or any Person which directly or indirectly holds an ownership or membership in a Member; provided, however, that any Disposition by any Member that is a Shell Parent Company or by any Shell Parent Company that directly or indirectly owns a Member, shall be subject to the applicable requirements of Section 3.03(b)(i) and Section 3.03(b)(ii)(A) .

Related to Shell Parent Company

  • Ultimate Parent Company means a company which owns at least twenty six percent (26%) equity in the Bidding Company or Member of a Consortium, (as the case may be) and in the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) and such Bidding Company or Member of a Consortium, (as the case may be) and the Technically Evaluated Entity and/or Financially Evaluated Entity (as the case may be) shall be under the direct control or indirectly under the common control of such company;

  • Parent Company means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y), if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of such Lender.

  • Parent Companies means Parent and its Subsidiaries;

  • New Parent shall have the meaning assigned to such term in the definition of the term “Change in Control”.

  • Parent Holding Company means any direct or indirect parent entity of Holdings which holds directly or indirectly 100% of the Equity Interest of Holdings and which does not hold Capital Stock in any other Person (except for any other Parent Holding Company).