Hotel Subsidiary definition

Hotel Subsidiary means any Subsidiary of the Borrower which (a) is engaged as its principal activity, in the hotel franchising business or related activities or (b) owns or licenses from a Person other than the Borrower or another Subsidiary, any Proprietary Right related to the hotel franchising business.
Sample 1Sample 2Sample 3
Hotel Subsidiary means any Subsidiary of the Borrower which (a) is engaged as its principal activity in the hotel franchising business or related activities or (b) owns or licenses from a Person other than the Borrower or another Subsidiary, any proprietary right related to the hotel franchising business.
Sample 1Sample 2Sample 3
Hotel Subsidiary means Grand Summit Resort Properties, Inc. and such other Unrestricted Subsidiaries not engaged in ski and lodging operations that may be established from time to time and identified to the Agent.
Sample 1

Examples of Hotel Subsidiary in a sentence

  • The Hotel Subsidiary shall file a protest with BIR against the formal letter of demand in accordance with the relevant laws, rules and regulations in the Philippines.

  • No Hotel Subsidiary shall incur or suffer to exist any obligation to advance money to purchase securities from, or otherwise make any investment in, any Person engaged in the gaming business.

  • Blaisdell Center Pīkake Room at 777 Ward Avenue from 2:00 to 4:00 p.m. Invita- tion letters were mailed between December 5and 7, 2005 to 87 Federal, State, and County agencies and to utility companies.

  • Subsidiary LeaseDomestic Trade, Property management 2,360,000.00 21,838,608.61 16,579,806.84 5,729,675.38 3,606,484.30 3,175,674.62Shenzhen Huaqiang Hotel Subsidiary Hotel servicesAccommo dation, businesscenter; 10,005,300.00 24,637,991.61 19,186,635.11 9,877,190.73 4,252,933.35 3,467,267.14 Shenfang Property Managem ent Co.,Ltd.

  • Thailand Hotel Subsidiary 1,000,000 99.99 999,992 -Less Allowance for impairment906,062,066 -(9,988,000) -Joint ventures896,074,066 -1.

  • Thailand Hotel Subsidiary 1,000,000 99.99 3,999,960 -Less Allowance for impairment909,062,034 -(9,988,000) - Joint ventures899,074,034 -1.

  • Thailand Hotel Subsidiary 1,000,000 99.99 3,999,960 -Less Allowance for impairmentJoint ventures909,062,034 - (9,988,000) - 899,074,034 -1.

  • Subsidiary Lease Domestic Trade, Property management 2360000 24,166,683.85 18,989,039.25 6,894,693.00 2,799,240.23 2,409,232.41 Shenzhen Huaqiang Hotel Subsidiary Hotel services Accommodation, business center; 10005300 26,587,885.61 21,183,644.88 10,283,821.36 2,600,169.46 1,997,009.77Shenfang Property Management Co., Ltd.

  • Philippines Management (Indirect holding) Hotel Subsidiary - Dusit Enterprises Co., Ltd.

  • Bhd.Ownership of Tiara100%100% Labuan Hotel Subsidiary of Archipelago Hotels (East) Sdn.


More Definitions of Hotel Subsidiary

Hotel Subsidiary and "Maximum Revolving Credit Agreement" are hereby deleted in their entirety and new definitions substituted therefor, as follows:
Sample 1
Hotel Subsidiary means Grand Summit Resort Properties, Inc.
Sample 1

Related to Hotel Subsidiary

  • Material Subsidiary means any Subsidiary other than an Immaterial Subsidiary.

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

  • Excluded Subsidiary means (a) each Immaterial Subsidiary, (b) each Subsidiary that is not a Wholly-Owned Subsidiary on any date such Subsidiary would otherwise be required to become a Guarantor pursuant to the requirements of Section 8.10 (for so long as such Subsidiary remains a non-Wholly-Owned Subsidiary), (c) each Subsidiary (i) that is prohibited by any applicable Requirement of Law or Contractual Requirement (with respect to any such Contractual Requirement, only to the extent existing on the Closing Date or on the date such Person becomes a Subsidiary of the Company and not entered into in contemplation thereof) from guaranteeing the Obligations (and for so long as such restriction or any replacement or renewal thereof is in effect), (ii) that would require consent, approval, license or authorization to provide a Guarantee of the Obligations from a Governmental Authority (unless such consent, approval, license or authorization has been received) or for which the provision of such Guarantee would result in material adverse tax consequences to the Company or one or more of its Subsidiaries (as reasonably determined by the Company in consultation with the Administrative Agent) or (iii) that is a CFC (or a Subsidiary of a CFC) or FSHCO, (d) any other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent and the Borrower, as agreed in writing, the cost or other consequences of providing a Guarantee of the Obligations would be excessive in view of the benefits to be obtained by the Lenders therefrom, (e) each Unrestricted Subsidiary, (f) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment permitted hereunder and financed with secured Indebtedness permitted to be incurred pursuant to Section 9.04, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that guarantees such secured Indebtedness, in each case, to the extent that, and for so long as, the documentation relating to such secured Indebtedness to which such Subsidiary is a party prohibits such Subsidiary from guaranteeing the Obligations and such prohibition was not created in contemplation of such Permitted Acquisition or other Investment permitted hereunder and (g) any special purpose entity (including any not-for-profit entity).

  • 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:

  • 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.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • Restricted Subsidiary means any Subsidiary of the Company other than an Unrestricted Subsidiary.

  • 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.

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