Subsidiary Interests definition

Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Subsidiary Interests has the meaning set forth in Section 4.1.

Subsidiary Interests has the meaning set forth in Section 3.2(b).

Examples of Subsidiary Interests in a sentence

• Any sums paid upon or in respect of the related Subsidiary Interests upon the liquidation or dissolution of the Mortgage Subsidiary or the REO Subsidiary, as applicable, or otherwise shall be paid as Income hereunder.

• The acquisition of Eligible Mortgage Loans by the Mortgage Subsidiary shall result in an increase in the value of the Mortgage Subsidiary Interests (as determined in accordance with the definition of Asset Value).

• Seller is obligated to repurchase the Purchased Assets and take (or cause its designee to take) physical possession of the Purchased Assets, Mortgage Subsidiary Interests, REO Subsidiary Interests and any Asset Files related thereto, as applicable, from the Buyer’s or its designee’s (including the related Custodian) possession at the Seller’s expense on the related Repurchase Date.

• The Seller agrees to use its reasonable efforts to do or cause to be done all such other acts as may be reasonably necessary to make any sale or sales of any portion of the Subsidiary Interests pursuant to this Agreement valid and binding and in compliance with any and all other applicable laws other than registration under applicable securities laws, provided that Seller shall not have any obligation to register the Subsidiary Interests for public sale under the 1934 Act.

• The Mortgage Subsidiary Interests and REO Subsidiary Interests (and the Repurchase Assets related thereto, as applicable) shall be retransferred by delivery to the Seller or the designee of Seller free and clear of any lien, encumbrance or claim of Buyer, and the related Underlying Mortgage Loans and Underlying REO Properties shall no longer be subject to a Transaction hereunder.

More Definitions of Subsidiary Interests

Subsidiary Interests means, (i) collectively, the issued and outstanding ownership interests in the Subsidiary Debtors, together with any options, warrants, conversion rights, rights of first refusal or other rights, contractual, equitable or otherwise, to acquire or receive any ownership interests in the Subsidiary Debtors, or any contract subscription, commitment or agreement pursuant to which any Person was or could have been entitled to receive any share of any ownership interests in the Subsidiary Debtors, or any such option, warrant, conversion right, right of first refusal or other right (including, without limitation, any rights of any 401(k) plan or the interest of any participant therein), in each case issued or entered into by, or otherwise the obligation of, the applicable Subsidiary Debtor, and, in each case owned beneficially and of record, directly or indirectly, by OCD; and (ii) the Integrex Minority Interests.

Subsidiary Interests means the outstanding shares of the capital stock, limited liability company membership interests or partnership interests, as applicable, of the Subsidiaries.

Subsidiary Interests means, collectively, all of the issued and outstanding shares of stock, membership interests, other equity interests or other instruments evidencing an ownership interest in any Subsidiary Debtor as of the Effective Date, and all options, warrants and rights (whether fixed or contingent, matured or unmatured, disputed or undisputed), contractual, legal, equitable or otherwise, to acquire shares of stock, membership interests or other equity interests in the Subsidiary Debtors, as of the Effective Date, which stock, interests, options, warrants and rights are owned directly or indirectly by IBC.

Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Debtors which were directly or indirectly owned by Encompass on the Petition Date.

Subsidiary Interests. Each of the Class S-1 and Class S-2 Interests described in Section 3 hereof.

Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors, as of the Petition Date.

Subsidiary Interests has the meaning provided such term in Section 5.3(b).