Indirect Subsidiary definition

Indirect Subsidiary has the meaning given such term in the definition of "Subsidiary Pledge Agreement."

Indirect Subsidiary means any corporation of which a Participating Employer directly and constructively owns at least eighty percent (80%) of the total combined voting power of all classes of its stock entitled to vote. In determining the amount of stock of a corporation that is constructively owned by a Participating Employer, stock owned, directly or constructively, by a corporation shall be considered as being owned proportionately by its shareholders according to such shareholders' share of voting power of all classes of its stock entitled to vote.

Indirect Subsidiary means a corporation which, from its incorporation until consummation of a merger governed by this section, was at all times a direct wholly owned subsidiary of the holding company.

Examples of Indirect Subsidiary in a sentence

• Indirect Subsidiary 1 The Company has entered into an amendment of the power purchase agreement for the purchase of electricity from solar power generation with a company that has been granted rights to the Provincial Electricity Authority to receive the rights to generate and distribute electricity current according to the same conditions in which the transferor made with the PEA for the project period of 25 years.

• Indirect Subsidiary 2 The Company entered into agreements with several parties relating to the acquisition of rights to distribute electricity current from solar energy as follows.

• Employees employed by a Transferred Subsidiary or Indirect Subsidiary immediately prior to the Effective Time shall continue their employment with such Transferred Subsidiary or Indirect Subsidiary immediately following the Effective Time.

• Each Transferred Subsidiary or Indirect Subsidiary does and will have, at the Closing, good, valid and marketable fee simple title to each of the parcels of the Owned Real Property, in all cases free and clear of all Encumbrances, except Permitted Encumbrances.

• Mallinckrodt UK and its Affiliates (other than any Transferred Subsidiary or any Indirect Subsidiary) shall retain all liabilities for all obligations to Employees and former employees of the Business pursuant to the Mallinckrodt Deferred Compensation Plan and the equity incentive plans of the Sellers and their Affiliates and such obligations and liabilities shall be Excluded Liabilities for purposes of this Agreement.

More Definitions of Indirect Subsidiary

Indirect Subsidiary means Subsidiary shares of which are owned of record directly by a Subsidiary, and indirectly by the Borrower.

Indirect Subsidiary means any corporation of which a Participating

Indirect Subsidiary means a corporation which, from its incorporation until consummation of a

Indirect Subsidiary means any corporation of which a Participating Employer directly and constructively owns at least eighty percent (80%) of the total combined voting power of all classes of its stock entitled to vote. In

Indirect Subsidiary means any Subsidiary that is not a Direct Subsidiary. “Initial PE Member” is defined in the first paragraph hereof.

Indirect Subsidiary means a Person that is directly or indirectly majority owned or controlled through a chain of ownership by a Person that is a Subsidiary of any Borrower.

Indirect Subsidiary and “Indirect Subsidiaries” have the meanings set forth in Section 1.171.