subsidiary undertaking definition

subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

subsidiary undertaking means any subsidiary undertaking within the meaning of Article 1 of Directive 83/349/EEC, including subsidiaries thereof;

subsidiary undertaking means a subsidiary undertaking which falls to be treated as such in the audited accounts of the Group.

Examples of subsidiary undertaking in a sentence

• The said salary shall be inclusive of all Directors' fees (if any) to which the Officer may be entitled as a director of the Company and all remuneration which may become payable to the Officer by or in respect of services rendered by him to any Subsidiary or Subsidiary Undertaking.

• The Directors appointed pursuant to this Article 24 shall be entitled at their request to be appointed to any committee of the Board established from time to time and to the board of directors of any Subsidiary Undertaking.

• Each Investor Director shall be entitled at his request to be appointed to any committee of the Board established from time to time and to the board of directors of any Subsidiary Undertaking.

• Neither the Company nor the Subsidiary Undertaking will at Completion have any material liabilities (actual or contingent) other than (i) those which have arisen in the ordinary course of business; (ii) those which are provided for in the Accounts to the extent that they are actual liabilities and (iii) as set out in the Disclosure Letter.

• Group Debt no amounts are owing from any Group Company to the Vendor or any Subsidiary Undertaking of the Vendor (other than amounts owing to other Group Companies).

More Definitions of subsidiary undertaking

subsidiary undertaking shall have the meaning given in section 1162 of the Companies Act;

subsidiary undertaking means a subsidiary undertaking as defined in section 1162 Companies Act 2006 (and a company shall be treated, for the purposes only of the membership requirement contained in subsections 1162(2)(b) and (d) respectively, as a member of another company even if its shares in that other company are registered in the name of (A) another person (or its nominee) whether by way of security or in connection with the taking of security or (B) its nominee);

subsidiary undertaking means a subsidiary undertaking (within the meaning of the Companies Acts) of the Company (except a subsidiary undertaking which is excluded from consolidation by virtue of the provisions of section 405 Companies Act 2006); and "Group" and "Group company" and references to any company which becomes a Group company or to companies comprising the Group shall, in such a case, be construed so as to include subsidiary undertakings except a subsidiary undertaking which is excluded from consolidation as aforesaid and "equity share capital" shall be construed in relation to a subsidiary undertaking without a share capital in the same manner as "shares" are defined in relation to an undertaking without a share capital under sections 1161(2)(a) and (b) Companies Act 2006.

subsidiary undertaking means a subsidiary undertaking of the Company

subsidiary undertaking shall have the meaning given to such expression in section 1162 of the Companies Xxx 0000;

subsidiary undertaking means a subsidiary undertaking within the meaning of section 1162 of the Companies Act 2006.

subsidiary undertaking has the meaning set out in section 1162 of the Act;