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 Parent and Ultimate Parent Guarantors acknowledge and reaffirm their obligations owing to the Secured Parties under their respective unconditional guaranties (collectively, the "Guaranties"), and the Parent and Ultimate Parent Guarantors agree that their respective Guaranties are and shall remain in full force and effect notwithstanding the Third Amendment.
In order to effect such Incremental Term Loan Facility, the Loan Parties, the Parent, the Ultimate Parent, the applicable Incremental Term Loan Lender(s), the existing Lenders, and the Administrative Agent shall enter into one or more Lender Joinder Agreements, each in form and substance satisfactory to the Borrowers and the Administrative Agent, pursuant to which the applicable Incremental Term Loan Lender(s) will provide the applicable Incremental Term Loan Commitment(s).
Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇ Title: Chief Financial Officer The undersigned (the "Parent and Ultimate Parent Guarantors") hereby acknowledge and agree to the attached Third Amendment to Amended and Restated Credit Agreement (the "Third Amendment").
The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the ▇▇▇▇▇ Documents, and in any event shall have no responsibility to monitor compliance by Ultimate Parent with any request by a Lender for delivery, and each Lender shall be solely responsible for timely accessing posted ▇▇▇▇▇ Documents or requesting delivery of paper copies of such ▇▇▇▇▇ documents to it and maintaining its copies of such ▇▇▇▇▇ Documents.
Ultimate Parent shall file with the SEC annual reports on Form 10-K, quarterly reports on Form 10-Q, and any current reports on Form 8-K, in each case, as and when required under the Securities Exchange Act of 1934, subject to permitted extensions.

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, with respect to any Person, each Parent of such Person who in turn has no Parent.

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.