Ultimate Parent definition

Ultimate Parent means a Company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates.

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Ultimate Parent means a Company, which owns more than 50% (Fifty Percent) voting rights and paid up share capital, either directly or indirectly in the Parent and Affiliates;

Ultimate Parent means the parent corporation (or if there is more than one parent corporation, the ultimate parent corporation) that, following a transaction, directly or indirectly beneficially owns a majority of the voting power of the outstanding securities entitled to vote with respect to the election of the board of directors of the Company (or its successor).

Examples of Ultimate Parent in a sentence

• The consummation of the Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement under which Ultimate Parent or any of its Subsidiaries is bound.

• Ultimate Parent and its Subsidiaries are not subject to any Burdensome Restrictions except Burdensome Restrictions permitted under Section 6.08.

• Immediately after the consummation of the Transactions to occur on the Effective Date, Ultimate Parent and its Subsidiaries, taken as a whole, are and will be Solvent.

• There are no Liens on any of the real or personal properties of Ultimate Parent or any Subsidiary except for Liens permitted by Section 6.02.

• Each of Ultimate Parent and the Borrower will maintain in effect and enforce policies and procedures reasonably designed to ensure compliance by Ultimate Parent, its Subsidiaries and its and their respective directors, officers, employees and agents with Anti- Corruption Laws and applicable Sanctions and Data Protection Laws.

More Definitions of Ultimate Parent

Ultimate Parent means a company, which owns at least more than fifty percent (51%) equity either directly or indirectly in the Parent and Affiliates.

Ultimate Parent means a Person which Controls, either directly or indirectly the Parent Company, Group Company, or Affiliates of the Resolution Applicant.

Ultimate Parent means a person who is not Controlled by any other entity.

Ultimate Parent means, if there is a Parent Corporation, the Person with Beneficial Ownership of more than fifty percent (50%) of the Surviving Corporation and of any other Parent Corporation.

Ultimate Parent means a company, which owns not less than fifty-one percent (51%) equity either directly or indirectly in the Parent and Affiliates. (It is to clarify here that the ultimate parent / parent / affiliate of the company can be a foreign company)

Ultimate Parent in respect of a Bidder means a Person which Controls, either directly or indirectly the Parent Company, Group Company, or Affiliates of the Bidder and includes an ultimate beneficial owner.

Ultimate Parent means a company, which owns at least twenty six percent (26%) of paid up share capital either directly or indirectly in the Parent and Affiliates.