Subsidiary holding company definition

Subsidiary holding company means a stock holding company, controlled by a mutual holding company, that holds one hundred per cent of the stock of a reorganized savings institution;
Subsidiary holding company as defined in Section 7.4(b).
Subsidiary holding company means a stock company that is controlled by a mutual holding company and that owns the stock of a stock state bank whose depositors have membership rights in the parent mutual holding company.133

Examples of Subsidiary holding company in a sentence

  • If such moneys are placed on deposit with a bank or financial institution which is a Subsidiary, holding company, affiliate or associated company of the Trustee, it need only account for an amount of interest equal to the standard amount of interest payable by it on a deposit to an independent customer.

  • Each Guarantor (other than any Guarantor that functions only as a Subsidiary holding company and is not an operating entity) is operating under a valid and enforceable franchise agreement.

  • Corporation Delaware 100% Subsidiary holding company Connecticut – American Water Company Corporation Connecticut 100% held through Greenwich Water System, Inc.

  • Upon receipt of any proceeds from the sales of Securities contemplated by this Agreement, the Company shall immediately contribute the amount of such cash proceeds contemplated to be contributed by Article II to its intermediate Subsidiary holding company that owns E*Trade Bank, and cause such intermediate Subsidiary holding company to immediately contribute the full amount of such proceeds to E*Trade Bank.

  • None of the Borrower's Subsidiaries may issue any Equity Interests other than to (i) the Borrower, (ii) a Subsidiary holding company of the Borrower and (iii) a Minority Holder (in connection with a Majority Acquisition).


More Definitions of Subsidiary holding company

Subsidiary holding company means a stock holding company, organized as a business corporation under the laws of Rhode Island or another state, which is controlled by a mutual holding company, and which owns the stock of a subsidiary financial institution whose depositors have rights in the parent mutual holding company.
Subsidiary holding company means a stock holding company,
Subsidiary holding company means a company or companies organized by a parent corporation or a Subsidiary corporation to the parent corporation.
Subsidiary holding company. In relation to a company mean “subsidiary” and “holding company.”