Lessee Subsidiary definition

Lessee Subsidiary means a subsidiary of the Lessee.
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Lessee Subsidiary which shall mean "a company which is a subsidiary whether directly or indirectly of the Lessee"; (b) to replace the terms "Telecom Subsidiary" mentioned in the Lease by "Lessee Subsidiary" throughout; PROVIDED THAT nothing contained in this Clause shall amount to any warranty by the Vendor as to whether the Owner would agree to enter into the said Deed of Variation nor impose any obligation on the part of the Vendor to procure the successful execution of the said Deed of Variation or to incur any additional legal costs and expenses for the purpose of the preparation and execution of the said Deed of Variation and PROVIDED FURTHER THAT all costs and expenses in relation to the preparation and execution of the said Deed of Variation shall be borne by the Purchaser absolutely. 32. 32.1 Upon completion the Vendor may serve notice(s) ("Notice") to the service providers and contractors ("Contractor(s)") under existing maintenance and/or services contracts ("Contract(s)") for the provision of electrical mechanical lift fire cleaning security and other services for the Property requesting the 17 <PAGE> Contractors to consent to the assignment and novating of the Vendor's rights and obligations under the Contracts to the Purchaser. 32.2 If the Contractor(s) does not consent to the assignment/novation referred to in Clause 32.2 above or if no response is received from the Contractor(s) within 3 months from the date of service of the Notice, the Vendor may give notice to the Contractor(s) and terminate the relevant Contract(s) if the Vendor has the right to do so thereunder. 32.3 In the event one or more Contracts are terminated under Clause 32.2 above, the Purchaser shall enter into such replacement Contract(s) with such service provider(s) and on such terms and conditions as the Vendor may request provided that such replacement Contract(s) are for a term of not more than 5 years from the date of completion of the sale and purchase herein or they contain a right on the part of the Purchaser to terminate by giving notice without penalty or damages. 18 <PAGE> S C H E D U L E 1 ------------------ PART A ------ The Vendor ---------- Name : PARTNER LINK INVESTMENTS LIMITED Registered Office : X.X. Xxx Xx.000, Xxxxxxxx Incorporations Centre, Road Town, Tortola, British Virgin Islands Business Registration Number : 3296317 PART B ------ The Purchaser ------------- Name : RICHLY LEADER LIMITED Registered Office : Xxxx X, 00xx Xxxxx, Xxxx of Xxxxx Xxxxx, Xx. 0 Xxxxxx Xxx, Xx...
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Lessee Subsidiary. Subsidiary" and "Subsidiaries" and "New Term Loan" are added which read, as follows:
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Examples of Lessee Subsidiary in a sentence

  • On or about Date 1, Lessee, Subsidiary, and Lessor FSC, entered into an O-FSC leasing transaction.Subsidiary is organized under the laws of Country 2, and is a wholly owned subsidiary of Lessee.

  • Because Lessor, as described in the Statement of Facts, qualifies for the NC Renewable Energy Tax Credit and will not provide written certification to Lessee (or any Lessee Subsidiary) expressly waiving all rights to claim such credit, Lessor will be entitled to claim the credit provided that Lessee begins using the property to produce usable energy that is for sale or for another business purpose.

  • Maintain financial records in accordance with GAAP and, upon reasonable notice, at all reasonable times, permit any authorized representative designated by the Lessor to visit and inspect the properties of the Lessee and of any material Lessee Subsidiary and to discuss the affairs, finances and condition of the Lessee and any material Lessee Subsidiary with a Financial Officer of the Lessee and such other officers as the Lessee shall deem appropriate.


More Definitions of Lessee Subsidiary

Lessee Subsidiary which shall mean "a company which is a subsidiary whether directly or indirectly of the Lessee";
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Lessee Subsidiary means, with respect to a Financed Property, the Restricted Subsidiary party as a lessee to the Lease associated with such Financed Property.
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Related to Lessee 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.

  • ORE Subsidiary means any Subsidiary of the Assuming Bank that engages solely in holding, servicing, managing or liquidating interests of a type described in clause (A) of the definition of “Other Real Estate,” which interests have arisen from the collection or settlement of a Shared-Loss Loan.

  • 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.

  • 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.

  • 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.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • subsidiary entity means a person that is controlled directly or indirectly by another person and includes a subsidiary of that subsidiary;

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

  • 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.

  • Issuer Subsidiary means any subsidiary of the Issuer.

  • 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.

  • 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.

  • 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:

  • Finance Subsidiary means, with respect to any Person, any Subsidiary of such Person which is primarily engaged in leasing or financing activities including (a) lease and purchase financing provided by such Subsidiary to dealers and consumers, (b) leasing or financing of installment receivables or otherwise providing banking, financial or insurance services to the Company and/or its affiliates or others or (c) financing the Company’s and/or its affiliates’ operations.

  • Regulated Subsidiary means any Subsidiary of the Company so long as such Subsidiary is (a) a Broker-Dealer Subsidiary or (b) otherwise subject to regulation by any Governmental Authority and for which the incurrence of Indebtedness (including Guarantees) or the granting of Liens with respect to its assets would be prohibited or restricted or would result in a negative impact on any minimum capital or similar requirement applicable to it, in any case, as set forth in any rule or regulation of such Governmental Authority.

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

  • Operating Lessee means, with respect to a Hotel Property, the Subsidiary of the Parent Guarantor that leases such Hotel Property from a Subsidiary of the Parent Guarantor that is the owner or ground lessee of such Hotel Property.

  • Restricted Subsidiary means any Subsidiary of the Company other than an Unrestricted 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-U.S. Subsidiary means a Subsidiary of the Borrower that is not a U.S. Subsidiary.

  • Foreign Restricted Subsidiary means any Restricted Subsidiary that is not organized under the laws of the United States of America or any State thereof or the District of Columbia.

  • Non-Guarantor Subsidiary means any Subsidiary of the Borrower that is not a Subsidiary Guarantor.

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

  • Project Financing Subsidiary means any Restricted Subsidiary of the Borrower (or any other Person in which Borrower directly or indirectly owns a 50% or less interest) whose principal purpose is to incur Project Financing or to become an owner of interests in a Person so created to conduct the business activities for which such Project Financing was incurred, and substantially all the fixed assets of which Subsidiary or Person are those fixed assets being financed (or to be financed) in whole or in part by one or more Project Financings.

  • Permitted Entity means with respect to a Qualified Stockholder (a) a Permitted Trust (as defined below) solely for the benefit of (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder, or (b) any general partnership, limited partnership, limited liability company, corporation or other entity exclusively owned by (i) such Qualified Stockholder, (ii) one or more Family Members of such Qualified Stockholder and/or (iii) any other Permitted Entity of such Qualified Stockholder.