Union subsidiary definition

Union subsidiary means an institution which is established in a Member State and which is a subsidiary of a third-country institution or a third-country parent undertaking;
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Union subsidiary means any corporation, limited liability company, limited liability partnership or partnership (whether general or limited), 50% or more of the capital stock or other equity ownership interest of which is owned, either directly or indirectly, by Union Banschares or Union Bank, except any corporation limited liability company, limited liability partnership or partnership (whether general or limited), the stock or other equity ownership interest of which is held as security by Union Bank in the ordinary course of its lending activities.
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Union subsidiary means any Subsidiary of Union.
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Examples of Union subsidiary in a sentence

  • The resolution authority concerned shall decide whether to recognise and enforce, except as provided for in Article 74, third-country resolution proceedings relating to a Union subsidiary undertaking or a Union branch of a third-country ▌ undertaking or a parent undertaking.

  • If the resolution authority considers such resolution strategy to be credible and feasible, it may appropriately reflect that resolution strategy and its possible consequences for the Union subsidiary undertaking concerned in its resolution plan.

Related to Union subsidiary

  • Acquisition Subsidiary has the meaning specified in Section 7.14.

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • Securitization Subsidiary means any Subsidiary formed for the purpose of, and that solely engages only in one or more Qualified Securitization Facilities and other activities reasonably related thereto.

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.