Unconsolidated Subsidiaries definition

Unconsolidated Subsidiaries means, with respect to a Person, those Subsidiaries of such Person that are not consolidated for GAAP purposes.
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Unconsolidated Subsidiaries with respect to any Person, shall mean any other Person which is (i) a controlled Affiliate of such Person and (ii) which is not included in the affiliated group of which such Person is a member within the meaning of Section 1504(a) of the Code.
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Unconsolidated Subsidiaries means Subsidiaries of a Person or other entities in which such Person holds an equity interest which are not consolidated for financial reporting purposes with the financial statements of such Person under GAAP.
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Examples of Unconsolidated Subsidiaries in a sentence

  • Schedule 6.21 sets forth, as of the Closing Date, all of the Subsidiaries and Unconsolidated Subsidiaries of Borrower, the form and jurisdiction of organization of each of the Subsidiaries and Unconsolidated Subsidiaries, and the owners of the direct and indirect ownership interests therein.

  • The Company Unconsolidated Subsidiaries are not required to be consolidated with the Company's financial statements under GAAP.

  • For the avoidance of doubt and without limiting the Indebtedness of the Borrower or any Subsidiary, Indebtedness of Unconsolidated Subsidiaries of the Borrower shall be limited to the Borrower’s Ownership Share of such Indebtedness of its Unconsolidated Subsidiaries in the calculation of each of the financial covenants set forth in Section 9.1.

  • Schedule 6.21(b) sets forth, as of the date hereof, all of the Unconsolidated Subsidiaries of Parent Borrower and its Subsidiaries, the form and jurisdiction of organization of each of the Unconsolidated Subsidiaries, Parent Borrower’s or its Subsidiary’s ownership interest therein and the other owners of the applicable Unconsolidated Subsidiary.

  • The Borrower will not permit its Share of the aggregate Net Asset Value of Properties held in Unconsolidated Subsidiaries at any time to exceed 25% of the aggregate Gross Asset Value in respect of all of the Properties.

  • Schedule 6.21(b) sets forth, as of the date hereof, all of the Unconsolidated Subsidiaries of Borrower and its Subsidiaries, the form and jurisdiction of organization of each of the Unconsolidated Subsidiaries, Borrower’s or its Subsidiary’s ownership interest therein and the other owners of the applicable Unconsolidated Subsidiary.

  • The Borrower will not permit (i) the sum of the Construction Costs described in clause (g) above and the Borrower’s Share of the aggregate Net Asset Value of Properties held in Unconsolidated Subsidiaries to exceed at any time (ii) thirty-five percent (35%) of the aggregate Gross Asset Value in respect of all of the Properties.

  • The Unconsolidated Subsidiaries Statements were prepared in conformity with GAAP for the periods covered thereby, except as may be noted therein, and present in all material respects the financial position of the Company Unconsolidated Subsidiaries as at the respective dates thereof and the results of operations of such subsidiaries for the respective periods then ended.

  • The Quarterly Compliance Certificate most recently provided to Agent identifies all Consolidated Subsidiaries and all Unconsolidated Subsidiaries whose revenues or properties are included in the calculation of the Available Amount or Borrower's compliance with any of the financial covenants identified therein and such Compliance certificate accurately calculates and identifies the components of Borrower's Pro Rata Share.

  • The Borrower will not permit Construction Costs of the Consolidated Group (including, in the case of Unconsolidated Subsidiaries, the greater of (i) Borrower’s Share of such Construction Cost and (ii) the amount (without duplication) of such Construction Cost for which the member of the Consolidated Group is liable) at any time to exceed ten percent (10%) of the aggregate Gross Asset Value in respect of all of the Properties.