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 following terms have the following meanings: “Acquired Business” means any Person or assets acquired by Ultimate Parent or any Restricted Subsidiary of Ultimate Parent in any Permitted Acquisition or other Investment permitted by this Agreement, together with any Subsidiary of any such Person.
Except as expressly provided in any Loan Document (including in Section 9.9), none of Ultimate Parent, any other Holding Company, the Borrower, any other Credit Party or Administrative Agent shall have the right to assign any rights or obligations hereunder or any interest herein.
This Agreement shall become effective when it shall have been executed by Ultimate Parent, each Holding Company, the Borrower, the other Credit Parties signatory hereto, Administrative Agent and when Administrative Agent shall have been notified by each Lender that such ▇▇▇▇▇▇ has executed it.
Thereafter, it shall be binding upon and inure to the benefit of, but only to the benefit of, Ultimate Parent, each Holding Company, the Borrower, the other Credit Parties hereto (in each case except for Article IX), Administrative Agent and each Lender receiving the benefits of the Loan Documents and, to the extent provided in Section 9.11, each other Secured Party and, in each case, their respective successors and permitted assigns.
The word “will” shall be construed to have the same meaning and effect as the word “shall.” The word “knowledge” (or similar terms) means the actual knowledge of a natural person and the “knowledge” of Ultimate Parent and any Subsidiary means the actual legal officer or any other officer supervising the financial or legal affairs of the applicable Person.

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, 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.

Ultimate Parent means (1) Liberty Latin America and any and all successors thereto or (2) upon consummation of a Spin-Off, “Ultimate Parent” will mean the Spin Parent and its successors, and (3) upon consummation of a Parent Joint Venture Transaction, “Ultimate Parent” will mean each of the top tier Parent entities of the Parent Joint Venture Holders and their successors.