Transitory Subsidiary Owner definition

Transitory Subsidiary Owner means any Subsidiary of Nabors Bermuda that (a) becomes the direct owner of any drilling-related fixed assets, including drilling rigs, drilling-related services assets or related assets as part of the internal transfer of such assets by virtue of any contribution or distribution among Nabors Bermuda and its Subsidiaries that is otherwise permitted under this Indenture, (b) owns such assets for not more than three (3) Business Days and (c) does not own or hold such assets with any intent to be an operating company with respect to such assets.
Transitory Subsidiary Owner means any Subsidiary that (a) becomes the direct owner of any Covered Assets as part of the internal transfer of Covered Assets by virtue of any contribution or distribution among Holdings and its Subsidiaries that is otherwise permitted under this Agreement, (b) owns such Covered Assets for not more than three (3) Business Days and (c) does not own or hold such Covered Assets with any intent to be an operating company with respect to such Covered Assets.
Transitory Subsidiary Owner means any Subsidiary of Nabors Bermuda that (a) becomes the direct owner of any drilling related fixed assets, including drilling rigs, drilling-related services assets or related assets as part of the internal transfer of such assets by virtue of any contribution or distribution among Nabors Bermuda and its Subsidiaries that is otherwise permitted under this Indenture, (b) owns such assets for not more than three (3) Business Days and (c) does not own or hold such assets with any intent to be an operating company with respect to such assets.

Related to Transitory Subsidiary Owner

  • Merger Sub has the meaning set forth in the Preamble.

  • Merger Sub 1 has the meaning set forth in the Preamble.

  • Surviving Entity has the meaning set forth in Section 2.1.

  • Merger Sub 2 shall have the meaning given in the Recitals hereto.

  • Surviving Corporation has the meaning set forth in Section 2.1.

  • Subsidiary of the Company or “Subsidiary” means a corporation, a majority of the outstanding voting shares of which is owned, directly or indirectly, by the Company or by one or more subsidiaries of the Company and, as used in this definition, “voting shares” means shares of a class or classes ordinarily entitled to vote for the election of the majority of the directors of a corporation irrespective of whether or not shares of any other class or classes shall have or might have the right to vote for directors by reason of the happening of any contingency;

  • Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

  • Operating Partnership has the meaning set forth in the preamble.

  • Blocker has the meaning set forth in the preamble.

  • Surviving Company has the meaning set forth in Section 2.1.

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

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Buyer Parent has the meaning set forth in the Preamble.