Wholly-Own definition

Wholly-Own means, as to any Person, that such Person holds directly, or through one or more Wholly-Owned Subsidiaries, 100% of the outstanding Equity Interests of another Person (other than directors’ qualifying shares), and “Wholly-Owned” means, as to any Person, that 100% of the outstanding Equity Interests of such Person (other than directors’ qualifying shares) are held directly by another Person or by one or more Wholly-Owned Subsidiaries of such other Person.
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Examples of Wholly-Own in a sentence

  • If the Wholly-Own Time has occurred, the Borrower shall prepay the Loan in an amount equal to 100% of each Cure Amount (less any portion thereof actually applied towards prepayment of the LBO Facility pursuant to the terms of the LBO Facility Agreement) at the times and in the order of application contemplated by Clause 8.7 (Application of mandatory prepayments and cancellations).

  • If the Wholly-Own Time has occurred, the Borrower shall prepay the Loan in an amount equal to 100% of any Secondary Permitted Subsidiary Capital Raising Proceeds (less any portion thereof actually applied towards prepayment of the LBO Facility pursuant to the terms of the LBO Facility Agreement) at the times and in the order of application contemplated by Clause 8.7 (Application of mandatory prepayments and cancellations).