Legacy Subsidiary definition

Legacy Subsidiary means any direct or indirect subsidiary of FairPoint Communications that is not an NNE Subsidiary.
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Legacy Subsidiary means any direct or indirect subsidiary of FairPoint
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Legacy Subsidiary means any corporation, 10% or more of the capital stock of which is owned, either directly or indirectly, by Legacy or Legacy Banks.
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Examples of Legacy Subsidiary in a sentence

  • Each holder of an Allowed Legacy Subsidiary Unsecured Claim is conclusively presumed to have accepted the Plan and is not entitled to vote to accept or reject the Plan.

  • On the Distribution Date, each holder of an Allowed Legacy Subsidiary Unsecured Claim will be paid an amount in Cash equal to one hundred percent (100%) of such holder’s Allowed Legacy Subsidiary Unsecured Claim, in full and complete satisfaction of such holder’s Claim.

  • Legacy Subsidiary Unsecured Claims include any Unsecured Claim against any Legacy Subsidiary.

  • On the Distribution Date, each holder of an Allowed Legacy Subsidiary Unsecured Claim shall be paid an amount in Cash equal to one hundred percent (100%) of such holder’s Allowed Legacy Subsidiary Unsecured Claim, in full and complete satisfaction of such holder’s Claim.

  • Finally, each holder of an Allowed Class 5 Legacy Subsidiary Unsecured Claim or an Allowed Class 6 NNE Subsidiary Unsecured Claim will be paid an amount in Cash equal to 100% of such holder’s Claim and each holder of an Allowed Class 8 Convenience Claim will be paid an amount in Cash equal to 100% of such holder’s Claim.

  • On the Distribution Date, each holder of an Allowed Legacy Subsidiary Unsecured Claim shall be paid an amount in Cash equal to one hundred percent (100%) of such holder’s Allowed Legacy Subsidiary Unsecured Claim shall be paid an amount in Cash equal to one hundred percent (100%) of such holder’s Allowed Legacy Subsidiary Unsecured Claim, in full and complete satisfaction of such holder’s Claim.5.6 NNE Subsidiary Unsecured Claims (Class 6).

  • As described supra, each of the Debtors’ Legacy Controlled Disbursement Accounts were zero-balance accounts, and all cash in those accounts was swept daily into corresponding Legacy Subsidiary Operating Accounts.

  • Other claims, comprising those of Class 1 Other Priority Claims, Class 2 Secured Tax Claims, Class 3 Other Secured Claims, Class 5 Legacy Subsidiary Unsecured Claims, Class 6 NNE Subsidiary Unsecured Claims, Class 8 Convenience Claims and Class 10 Subsidiary Equity Interests are unimpaired and will receive 100% recovery on their allowed claims, except for the Subsidiary Equity Interests ( i.e. stock of subsidiaries held by parent companies), which will simply be reinstated.

  • Finally, each holder of an Allowed Class 5 Legacy Subsidiary Unsecured Claim will be paid an amount in Cash equal to 100% of such holder’s Claim and each holder of an Allowed Class 8 Convenience Claim will be paid an amount in Cash equal to 100%of such holder’s Claim.

  • The Legacy Controlled Disbursement Accounts were used to write outbound checks to cover operating expenses and capital expenditures (as opposed to other payment methods, which were processed through the corresponding Legacy Subsidiary Operating Account).

Related to Legacy Subsidiary

  • 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.

  • Excluded Subsidiary means (i) each Subsidiary, in each case, for so long as any such Subsidiary does not (on (x) a consolidated basis with its Restricted Subsidiaries, if determined on the Closing Date by reference to the Historical Financial Statements or (y) a consolidated basis with its Restricted Subsidiaries, if determined after the Closing Date by reference to the financial statements delivered to the Administrative Agent pursuant to Section 9.1(a) and (b)) constitute a Material Subsidiary, (ii) 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 9.11 (for so long as such Subsidiary remains a non-Wholly-Owned Restricted Subsidiary), (iii) any CFC Holding Company, (iv) any direct or indirect Subsidiary of a CFC or a CFC Holding Company, (v) any CFC, (vi) each Subsidiary that is prohibited by any applicable Contractual Requirement or Requirements of Law (to the extent existing on the Closing Date or, if later, the date it becomes a Restricted Subsidiary and in each case, not entered into in contemplation thereof) from guaranteeing or granting Liens to secure the Obligations or would require third-party or governmental (including regulatory) consent, approval, license or authorization to guarantee or grant such Liens to secure the Obligations (unless such consent, approval, license or authorization has been received), (vii) each Subsidiary with respect to which, as reasonably determined by the Borrower, the consequence of providing a Guarantee of the Obligations would adversely affect the ability of the Borrower and its respective Subsidiaries to satisfy applicable Requirements of Law, (viii) each Subsidiary with respect to which, as reasonably determined by the Borrower in consultation with the Administrative Agent, providing such a Guarantee would result in material adverse tax consequences, (ix) 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 shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (x) each Unrestricted Subsidiary, (xi) any Receivables Subsidiary, (xii) each other Subsidiary acquired pursuant to a Permitted Acquisition or other Investment permitted hereunder and financed with assumed secured Indebtedness permitted hereunder, and each Restricted Subsidiary acquired in such Permitted Acquisition or other Investment permitted hereunder that guarantees such Indebtedness, in each case to the extent that, and for so long as, the documentation relating to such 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, (xiii) each Subsidiary that is a registered broker dealer and (xiv) each SPV, not-for-profit Subsidiary and captive insurance company.