VBI Subsidiary definition

VBI Subsidiary means Variation Biotechnologies, Inc., a corporation incorporated under the laws of Canada.
VBI Subsidiary means any corporation or other organization whether incorporated or unincorporated of which VBI and VBI Subsidiaries, separately or together, directly or indirectly, own securities or interests having by their terms ordinary voting power to elect a majority of the board of directors or others performing a similar function with respect to such corporation or other organization; and the term "VBI Significant Subsidiary" means a VBI Subsidiary which is a "Significant Subsidiary" under the definition thereof in Regulation S-X promulgated by the SEC as in effect on the date hereof, except that for this purpose the percentage tests stated in subparagraphs (1), (2) and (3) of paragraph (w) of Rule 1.02 of Regulation S-X shall be 5% instead of 10% as provided in Regulation S-X.

Examples of VBI Subsidiary in a sentence

  • Schedule 5.8 to the Disclosure Letter lists each Employee Benefit Plan or other plan maintained for employees of VBI or any VBI Subsidiary (a "VBI Plan") and true and complete copies of each such VBI Plan have heretofore been delivered to HIG.

  • Schedule 5.20 to the Disclosure Letter contains a true, correct and complete list of all real property owned by VBI or any VBI Subsidiary.

  • VBI and the VBI Subsidiary maintain and will continue to maintain a standard system of accounting established and administered in accordance with generally accepted accounting principles.

  • Sworn employees of the fire department: the work period shall begin at 12:00 a.m. Monday and runs 28 consecutive days until 11:59 p.m. Sunday.

  • The VBI Financial Statements fairly present in all material respects the financial condition and operating results of VBI and the VBI Subsidiary as of the dates, and for the periods, indicated therein, subject in the case of the unaudited VBI Financial Statements to normal year-end audit adjustments and footnote disclosures.

  • In accordance with the directions of the Company’s Board of Directors, the Company will use the proceeds from the sale of the Shares hereunder to provide the required unencumbered cash to VBI pursuant to the Merger Agreement and thereafter for general working capital of the Company, VBI and the VBI Subsidiary, following the Merger.

  • VBI or a VBI Subsidiary is the holder of good, indefeasible and marketable fee simple title to such real property free and clear of all Liens, except for such Liens which would not have a Material Adverse Effect on VBI.

  • Except as otherwise shown on such balance sheets (including the notes thereto), pledged in the ordinary course of business or listed on Schedule 5.5 to the Disclosure Letter and except as disposed of in the ordinary course of business since that date, VBI or a VBI Subsidiary owns as of December 31, 1995 the properties and assets reflected on the December 31, 1995 consolidated balance sheet, free and clear of any Liens.

  • As soon as reasonably available, but in no event more than thirty (30) days after the end of each month, VBI will deliver to Acquirer the unaudited financial statements of VBI and each VBI Subsidiary as of the end of each such month.

  • Except as set forth in Section 4.9 of the VBI Disclosure Schedule with respect to the VBI Subsidiary, the property and assets that VBI owns are free and clear of all mortgages, deeds of trust, liens, loans and encumbrances, except for statutory liens for the payment of current taxes that are not yet delinquent and encumbrances and liens that arise in the ordinary course of business and do not materially impair VBI’s ownership or use of such property or assets.

Related to VBI Subsidiary

  • IDI Subsidiary means any Issuer Subsidiary that is an insured depository institution.

  • 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.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • SPE Subsidiary means any Subsidiary formed solely for the purpose of, and that engages only in, one or more Securitization Transactions.

  • Parent Subsidiary means any Subsidiary of Parent.

  • Bank Subsidiary means the subsidiary or subsidiaries or the Bank which may from time to time be specified by the Bank to the Customer;

  • Current Subsidiary means any Person in which the Company on the Subscription Date, directly or indirectly, (i) owns any of the outstanding capital stock or holds any equity or similar interest of such Person or (ii) controls or operates all or any part of the business, operations or administration of such Person, and all of the foregoing, collectively, “Current Subsidiaries”.

  • 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.

  • Acquisition Subsidiary has the meaning specified in Section 7.14.

  • Non-U.S. Subsidiary means any Subsidiary that is not a U.S. Subsidiary.

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • Company Subsidiary means a Subsidiary of the Company.

  • subsidiary entity means a person that is controlled directly or indirectly by another person and includes a subsidiary of that subsidiary;

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

  • Joint Venture Subsidiary means a Subsidiary of the Company or any of its Subsidiaries that has no assets and conducts no operations other than its ownership of Equity Interests of a Joint Venture.

  • Acquired Subsidiary or “Acquired Subsidiaries” means one or more, as applicable, Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

  • Consolidated Subsidiary means with respect to any Person at any date any Subsidiary of such Person or other entity the accounts of which would be consolidated with those of such Person in its consolidated financial statements if such statements were prepared as of such date in accordance with GAAP.

  • SBIC Subsidiary means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is (x) either (i) a “small business investment company” licensed by the SBA (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) under the Small Business Investment Act of 1958, as amended, or (ii) any wholly-owned, direct or indirect, Subsidiary of an entity referred to in clause (x)(i) of this definition, and (y) designated in writing by the Borrower (as provided below) as an SBIC Subsidiary, so long as:

  • Major Subsidiary means a subsidiary of an issuer if

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Relevant Subsidiary means any fully consolidated subsidiary of HeidelbergCement AG and for purposes only of this § 2 does not include any subsidiary which has one or more classes of equity securities (other than, or in addition to any convertible bonds or similar equity linked securities) which are listed or traded on a regulated stock exchange.

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

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

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.