Development Subsidiary definition

Development Subsidiary has the meaning given in Recital (C); "Dispose" means, in relation to any Shares,
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Development Subsidiary means Leathermarket Community Housing Limited, a company registered in England with company number 11489083, registered at 00 Xxxxxxxxxxxxx Xxxxxx, Xxxxxx XX0 0XX and which is wholly owned by the Grant Recipient Due to an Extension Event means in the reasonable opinion of the Authority taking into account evidence provided by the Grant Recipient of the existence and nature of the Extension Event and the Extension Period that the failure to achieve a "Start on Site" as defined in the GLA Agreement was caused by the occurrence of the Extension Event and not otherwise and that the Grant Recipient could not reasonably have avoided such failure; EIR means the Environmental Information Regulations 2004 (as amended);
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Development Subsidiary means, solely for the purpose of excluding such Subsidiary from Company’s obligation to comply with Section 5.10 with respect to such Subsidiary, a Restricted Subsidiary established by Company or any of its Restricted Subsidiaries for the sole purpose of bidding on a prospective Project; provided that (i) any equity Investment in such Subsidiary by Company or another Subsidiary of Company in aggregate when taken together with all other equity Investments in Development Subsidiaries shall not exceed $10,000,000 at any one time outstanding; (ii) such Subsidiary shall have no assets other than Cash pursuant to clause (i) of this definition and intercompany Indebtedness permitted hereunder and the agreements to which it is party and which are entered into in the ordinary course of business and are necessary for it to develop or bid on prospective Projects and (iii) such Subsidiary’s sole business shall be limited to those actions necessary to develop or bid on prospective Projects. At such time, if any, as such Subsidiary shall incur any Indebtedness (other than intercompany Indebtedness permitted hereunder), grant any Liens or make any Investment or Restricted Junior Payment or carry on any activity other than that expressly permitted by sub-clause (iii) above, such Subsidiary shall cease to be a Development Subsidiary.
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Examples of Development Subsidiary in a sentence

  • E The Authority acknowledges that the Grant Recipient has formed the Development Subsidiary to facilitate the Development in a cost-effective manner.

  • Rockbridge Memorial Gardens Subsidiary Company Rose Lawn Cemeteries Subsidiary, Incorporated Roselawn Development Subsidiary Corporation Xxxxxxx Memorial Cemetery Subsidiary, Inc.

  • Any change to the charitable nature, if this has been obtained, of any Community Development Subsidiary must be undertaken by special resolution of Elected Representatives.

  • The Community Development Subsidiary shall apply all such income received by it towards the fulfilment of its objective and purpose.

  • The Trustee shall in each Income Year pay such portion of the Trust’s income as it may determine to any Community Development Subsidiary.

  • A majority of the Board Members of any Community Development Subsidiary must be Members of Ngati Whatua Orakei.

  • In the event that Cabinet approves the development of small sites via SRP, a single Development Subsidiary of the partnership will be incorporated to take forward the programme.

  • Development applications within the ISMP study area are to preserve base flows and maintain peak flows at existing conditions to conform to the Agricultural and Rural Development Subsidiary Agreement (ARDSA) criteria.

  • Tourism Industry Development Subsidiary Agreement, Tourism Potential of Wreck Diving (Pa- cific North Consulting, 1989).

  • Xxxxxx Title: CFO & Sr. VP Signature Page to Reaffirmation of Guaranty [StoneMor Operating LLC] Modern Park Development Subsidiary, Inc.


More Definitions of Development Subsidiary

Development Subsidiary has the meaning given in Recital (C);
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Development Subsidiary means any Subsidiary (other than a Collateral Party) of the Borrower created after the date of this Amendment or set forth on Schedule 1.1(d) hereto, in each case that is primarily engaged (directly or through its Subsidiaries) in the power generation, power sales or power transmission business or any Subsidiary of the Borrower holding interests in an Unrestricted Joint Enterprise.
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Development Subsidiary means LBO Development Company, a Maine corporation and such other Subsidiaries not engaged in ski and lodging operations that may be established from time to time and identified to the Agent.
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Development Subsidiary means, solely for the purpose of excluding such Subsidiary from Company’s obligation to comply with Section 5.10 with respect to such Subsidiary, a Subsidiary established by Company or any of its Subsidiaries for the sole purpose of bidding on a prospective Project; provided that (i) any equity Investment in such Subsidiary by Company or another Subsidiary of Company in aggregate when taken together with all other equity Investments in Development Subsidiaries shall not exceed $1,000,000 at any one time outstanding; (ii) such Subsidiary shall have no assets other than Cash pursuant to clause (i) of this definition and intercompany Indebtedness permitted hereunder and the agreements to which it is party and which are entered into in the ordinary course of business and are necessary for it to develop or bid on prospective Projects and (iii) such Subsidiary’s sole business shall be limited to those actions necessary to develop or bid on prospective Projects. At such time, if any, as such Subsidiary shall incur any Indebtedness (other than intercompany Indebtedness permitted hereunder), grant any Liens or make any Investment or Restricted Junior Payment or carry on any activity after then that expressly permitted by sub-clause (iii) above, such Subsidiary shall cease to become a Development Subsidiary.
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Development Subsidiary means any Subsidiary of the Company that is designated by the Board of Directors of the Company as a Development Subsidiary pursuant to a resolution of the Board of Directors, but only to the extent that, after giving effect to such designation, such Subsidiary:
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Development Subsidiary means, solely for the purpose of excluding such Subsidiary from Company’s obligation to comply with Section 5.9 with respect to such Subsidiary, a Restricted Subsidiary established by Company or any of its Restricted Subsidiaries for the sole purpose of bidding on a prospective Project; provided that (i) any equity Investment in such Subsidiary by Company or another Subsidiary of Company in aggregate when taken together with all other equity Investments in Development Subsidiaries shall not exceed $10,000,000 at any one time outstanding; (ii) such Subsidiary shall have no assets other than Cash pursuant to clause (i) of this definition and intercompany Indebtedness permitted hereunder and the -17- 105376510
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Related to Development Subsidiary

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • 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”.

  • 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.

  • 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.

  • Parent Subsidiary means any Subsidiary of Parent.

  • 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.

  • Project Company means Company incorporated by the bidder as per Indian Laws in accordance with Clause no 3.5.

  • Non-U.S. Subsidiary means a Subsidiary of the Borrower that is not a U.S. Subsidiary.

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

  • License Subsidiary means a direct or indirect wholly-owned Restricted Subsidiary of the Parent Borrower substantially all of the assets of which consist of Broadcast Licenses and related rights.

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

  • Wholly Owned Restricted Subsidiary is any Wholly Owned Subsidiary that is a Restricted Subsidiary.

  • Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(f) of the Code.

  • Major Subsidiary means any Subsidiary (a) more than 50% of the voting securities of which is owned directly or indirectly by Altria, (b) which is organized and existing under, or has its principal place of business in, the United States or any political subdivision thereof, Canada or any political subdivision thereof, any country which is a member of the European Union on the date hereof (other than Greece, Portugal or Spain) or any political subdivision thereof, or Switzerland, Norway or Australia or any of their respective political subdivisions, and (c) which has at any time total assets (after intercompany eliminations) exceeding $1,000,000,000.

  • Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth (i.e. paid up capital and free reserves) exceeds 20% of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

  • Significant Restricted Subsidiary means any Restricted Subsidiary, or group of Restricted Subsidiaries, that would, taken together, be a “significant subsidiary” as defined in Article 1, Rule 1-02 (w)(1) or (2) of Regulation S-X promulgated under the Securities Act, as such regulation is in effect on the Issue Date.

  • Subsidiary(ies) means any corporation (other than the Company) in an unbroken chain of corporations, including and beginning with the Company, if each of such corporations, other than the last corporation in the unbroken chain, owns, directly or indirectly, more than fifty percent (50%) of the voting stock in one of the other corporations in such chain.

  • Operating Subsidiary means a majority-owned subsidiary of a financial

  • Material Subsidiary means any Subsidiary that is not an Immaterial Subsidiary.

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

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

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

  • Partnership Subsidiary means Host LP and any partnership, limited liability company, or other entity treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes in which either Host REIT or Host LP owns (or owned on or after January 1, 1999) an interest, either directly or through one or more other partnerships, limited liability companies or other entities treated as a partnership for federal income tax purposes or disregarded as a separate entity for federal income tax purposes (whether or not Host REIT or Host LP has a controlling interest in, or otherwise has the ability to control or direct the operation of, such entity). Notwithstanding the foregoing, the term “Partnership Subsidiary” shall not in any way be deemed to include the Non-Controlled Subsidiaries or subsidiaries thereof, the Taxable REIT Subsidiaries or subsidiaries thereof, or the Subsidiary REITs or subsidiaries thereof.

  • Non-Material Subsidiary means any Subsidiary that

  • Project Finance Subsidiary means a Subsidiary that is a special-purpose entity created solely to (i) construct or acquire any asset or project that will be or is financed solely with Project Financing for such asset or project and related equity investments in, loans to, or capital contributions in, such Subsidiary that are not prohibited hereby and/or (ii) own an interest in any such asset or project.

  • PRC Subsidiary means all Company Subsidiaries organized under the Laws of the PRC;