TPC Holding definition

TPC Holding means TPC Holding Corp., a Delaware corporation that is on the date of this Plan the sole general partner of TPLP and includes any limited liability company into which TPC Holding Corp. may be converted as described in Section 11.2.
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TPC Holding means TPC Holding Corp., a Delaware corporation.
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TPC Holding has made a guaranty pursuant to Article TWELVE of the Indenture (the "Security Guaranty"). TPC Holding has transferred 99% of the stock of Texas Petrochemicals Corporation to Newco, and, pursuant to Section 8.01 of the Indenture Newco will assume the Security Guaranty by this Supplemental Indenture. The consent of any Holder, as defined in the Indenture, is not required with respect to the transfer of the stock of Texas Petrochemicals Corporation to Newco or for this Supplemental Indenture.
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Examples of TPC Holding in a sentence

  • Prior to the Closing, TPC Holding and Petrochemical Partnership Holdings shall each convert from a Delaware corporation to a Delaware limited liability company as permitted by the General Corporation Law of the State of Delaware and the Delaware Limited Liability Company Act, which shall constitute a continuation of the existence of TPC Holding Corp.

  • Thereafter, prior to the Closing, TPLP shall distribute to TPC Holding and Petrochemical Partnership Holdings $1,000 in cash and $99,000 in cash, respectively.

  • Thereafter, prior to the Closing, Petrochemical Partnership Holdings LLC shall distribute to TPC Holding LLC $99,000 in cash, and TPC Holding LLC shall distribute to Texas Petrochemical Holdings, Inc.

  • The Company determined that $240,000 and $160,000 previously accrued for equitable fuel expense reimbursement in 2001 and 2002, respectively, was unlikely to be recovered from the government.

  • By its execution of this Agreement each of TPC, Holding Co. and Texas Butylene Chemical Corporation hereby consents and agrees to the provisions of this Agreement and ratifies and confirms the Guaranty and other Loan Documents to which it is a party, as amended and affected hereby.

  • This Agreement shall become effective upon the execution hereof by the Company, TPC, Holding Co., Texas Butylene Chemical Corporation and Lenders constituting the Majority Lenders under the Credit Agreement.

  • TPC Holding's liability to pay or perform or cause the performance of the Indenture Obligations under this Security Guarantee shall arise forthwith after demand for payment or performance by the Trustee has been given to TPC Holding in the manner prescribed in the Indenture.

  • Neither Holdings nor TPC Holding shall directly or indirectly, Incur or permit to exist any Lien on any of its properties (including Capital Stock of a Restricted Subsidiary), whether owned at the Issue Date or thereafter acquired, other than Permitted Liens, without effectively providing that the Securities shall be equally and ratably secured with (or prior to in the case of a Lien securing a Subordinated Obligation of Holdings or TPC Holding) the obligation so secured.

  • Upon the delivery by Holdings to the Trustee of an Officers' Certificate and, if requested by the Trustee, an Opinion of Counsel to the effect that the transaction giving rise to the release of this Security Guarantee was made by Holdings in accordance with the provisions of this Indenture and the Securities, the Trustee shall execute any documents reasonably required in order to evidence the release of TPC Holding from their obligations under this Security Guarantee.

  • In developed countries, consumersmight be annoyed by rising prices of bread or rice but most are not existentially threatened as is the case in some developing countries21.

Related to TPC Holding

  • CFC Holding Company means each Domestic Subsidiary that is treated as a partnership or a disregarded entity for United States federal income tax purposes and that has no material assets other than assets that consist (directly or indirectly through disregarded entities or partnerships) of Equity Interests or indebtedness (as determined for United States tax purposes) in one or more CFCs.

  • Foreign Holding Company means any Subsidiary all or substantially all of the assets of which are comprised of Equity Interests in one or more Foreign Subsidiaries or CFC Debt.

  • Direct holdings means all publicly traded securities of a company that are held directly by the state treasurer or a retirement system in an actively managed account or fund in which the retirement system owns all shares or interests.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • Bank Holding Company means a company registered as such with the Federal Reserve pursuant to 12 U.S.C. §1842 and the regulations of the Federal Reserve promulgated thereunder.

  • Mutual holding company means that term as defined in section 10(o) of the home owners' loan act, chapter 64, titles III and IX of Public Law 101-73, 12 U.S.C. 1467a, and OTS regulations governing mutual holding companies.

  • CFC Holdco means any Domestic Subsidiary that has no material assets other than Equity Interests of one or more Foreign Subsidiaries that are CFCs.

  • Minimum Holding means the minimum number or value of Shares which must be held by Shareholders as specified in the relevant Supplement.

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • Holdco has the meaning set forth in the Preamble.

  • Intermediate Holding Company means any Subsidiary of Holdings (of which Holdings, directly or indirectly, owns 100% of the issued and outstanding Equity Interests) that, directly or indirectly, owns 100% of the issued and outstanding Equity Interests of the Lead Borrower.

  • parent mixed financial holding company in a Member State means a mixed financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in that same Member State;

  • parent financial holding company in a Member State means a financial holding company which is not itself a subsidiary of an institution authorised in the same Member State, or of a financial holding company or mixed financial holding company set up in the same Member State;

  • financial holding company means a financial holding company as defined in point (20) of Article 4(1) of Regulation (EU) No 575/2013;

  • Brookfield means Brookfield Asset Management Inc.;

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • GP means Gottbetter & Partners, LLP.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Acquisition Subsidiary has the meaning specified in Section 7.14.

  • mixed-activity holding company means a parent undertaking, other than a financial holding company or an institution or a mixed financial holding company, the subsidiaries of which include at least one institution;

  • Indirect holdings means all securities of a company that are held in an account or fund, including a mutual fund, that is managed by one or more persons who are not employed by the state treasurer or a retirement system, if the state treasurer or retirement system owns shares or interests either:

  • Holdings as defined in the preamble hereto.

  • New Holdings shall have the meaning provided in the definition of the term “Holdings”.

  • CEI / “CEIG” shall mean Chief Electrical Inspector to the State Government.

  • Domestic Foreign Holding Company means any Domestic Subsidiary of the Borrower that owns no material assets (held directly or indirectly through one or more disregarded entities) other than capital stock (or capital stock and/or debt) of one or more Foreign Subsidiaries that are CFCs and/or Domestic Foreign Holding Companies.