Special Entity definition

Special Entity means any joint venture, limited liability company or partnership, general or limited partnership or any other type of partnership or company other than a corporation in which the Borrower or one or more of its other Subsidiaries is a member, owner, partner or joint venturer and owns, directly or indirectly, at least a majority of the equity of such entity or controls such entity, but excluding any tax partnerships that are not classified as partnerships under state law. For purposes of this definition, any Person which owns directly or indirectly an equity investment in another Person which allows the first Person to manage or elect managers who manage the normal activities of such second Person will be deemed to "control" such second Person (e.g. a sole general partner controls a limited partnership).

Special Entity means a Person (other than a Subsidiary) (a) listed on Schedule 1.01(a) and in existence on the Closing Date or (b) created after the Closing Date and with respect to which (i) the Borrower or any Subsidiary has made an equity Investment and directly or indirectly owns a minority interest, or any Special Entity has made an Investment and directly or indirectly owns an interest and (ii) the Borrower has delivered prior written notice to the Administrative Agent of the creation of such Special Entity and its designation as a Special Entity.

Special Entity means any joint venture, limited liability company or partnership, general or limited partnership or any other type of partnership or company, other than a corporation, in which the Borrower or one or more of its other Subsidiaries is a member, owner, partner or joint venturer and owns, directly or indirectly, at least a majority of the equity of such entity, but excluding any tax partnerships that are not classified as partnerships under state law.

Examples of Special Entity in a sentence

• An employee of such person who solicits a governmental Special Entity for the swap dealer and any person who supervises, directly or indirectly, such employee.

• In verifying the eligibility of a counterparty pursu- ant to paragraph (a) of this section, a swap dealer or major swap participant shall verify whether a counterparty is eligible to elect to be a Special Entity under § 23.401(c)(6) and, if so, notify such counterparty of its right to make such an election.

• Has authority to appoint any per- son who is directly or indirectly re- sponsible for, or can influence the out- come of, the selection of a swap dealer by a governmental Special Entity.

• The term ‘‘governmental Special Entity’’ means any Special Entity de- fined in § 23.401(c)(2) or (4).

• In verifying the eli- gibility of a counterparty pursuant to paragraph (a) of this section, a swap dealer or major swap participant shall also verify whether the counterparty is a Special Entity.

More Definitions of Special Entity

Special Entity means any Restricted Subsidiary that is not a Wholly-Owned Subsidiary that (i) is classified as a pass-through entity for U.S. federal, state, local and foreign income tax purposes and (ii) has no Indebtedness.

Special Entity any Person which is engaged in business of the same or related general type as now being conducted by the U.S. Borrower and its Subsidiaries.

Special Entity means a Special Entity of the Issuer.

Special Entity means, with respect to a Person, any joint venture, limited liability company or partnership, general or limited partnership or any other type of partnership or company other than a corporation in which such Person or one or more of its other Subsidiaries

Special Entity means (i) any retailer (including a grocer but not including any financial services retailer) with combined annual worldwide revenues above $25 billion or listed on Exhibit B to this Agreement, or an Affiliate of any such retailer or grocer; or (ii) a financial services retailer primarily engaged in the business of providing pay-day lending and/or check cashing services in North America. For purposes hereof, a “retailer” means a Person that operates stores for sale of goods or services directly to the public.

Special Entity means any Unrestricted Subsidiary and any other Person that is not a Guarantor or a Wholly-Owned Subsidiary.

Special Entity shall have the meaning provided in SBS Supplement I.