Tax Blocker Subsidiaries definition

Tax Blocker Subsidiaries means (a) any wholly-owned Subsidiary of the Company from time to time designated in writing by the Company to the holder of the Notes as a “Tax Blocker Subsidiary”; provided that at no time shall any Tax Blocker Subsidiary hold any assets other than Capital Stock.
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Tax Blocker Subsidiaries means (a) Any wholly-owned Subsidiary of the Company from time to time designated in writing by the Company to the holders of the Notes as a “Tax Blocker Subsidiary,” (b) Alcentra BDC Equity Holdings, LLC and (c) CBDC Universal Equity, Inc.; provided that at no time shall any Tax Blocker Subsidiary hold any assets other than Capital Stock.
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Tax Blocker Subsidiaries. (a) Any wholly-owned Subsidiary of the Borrower from time to time designated in writing by the Borrower to the Administrative Agent as a “Tax Blocker Subsidiary” and (b) on and after the Atlantis Acquisition, Alcentra BDC Equity Holdings, LLC; provided that at no time shall any Tax Blocker Subsidiary hold any assets other than Capital Stock.
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Examples of Tax Blocker Subsidiaries in a sentence

  • It shall not have or permit the formation of any subsidiaries, except (i) in connection with the receipt of equity securities with respect to a Collateral Loan, an Eligible Investment or any exchange offer, work-out or restructuring of a Collateral Loan or (ii) Tax Blocker Subsidiaries.

  • The Tax Blocker Subsidiaries must be separate entities taxed under Subchapter C of the Code in order to serve their income blocking purpose.

  • The Borrower has no Subsidiaries except Tax Blocker Subsidiaries not otherwise prohibited hereunder.

  • The Tax Blocker Subsidiaries exist solely for the benefit of Fifth Street in order to hold Fifth Street’s interests in its portfolio companies and do not provide any services to any other company.

  • It shall not have or permit the formation of any subsidiaries, except (i) in connection with the receipt of equity securities with respect to a Collateral Loan or Eligible Investments or (ii) Tax Blocker Subsidiaries.

  • Fifth Street utilizes the Tax Blocker Subsidiaries to hold Fifth Street’s interests in certain of Fifth Street’s portfolio companies.

  • These Tax Blocker Subsidiaries are structured as corporations in order to block operating income from investment portfolio companies (structured as limited liability companies or limited partnerships) held in the Tax Blocker Subsidiaries from passing through to Fifth Street.

  • Fifth Street makes, and will continue to make, available significant managerial assistance to the issuers of securities held by Tax Blocker Subsidiaries to the extent required by Section 2(a)(48)(B).3 iii.

  • Form, create, organize, acquire or otherwise have any Subsidiaries other than Tax Blocker Subsidiaries.

  • The Tax Blocker Subsidiaries exist now, and any such entities created in the future would exist, to enhance the opportunity for Fifth Street to elect RIC status under the Code, which benefits investors since companies electing that status are not liable for federal income tax at the corporate level.Perhaps most importantly, the assets of the Subsidiaries are recorded on Fifth Street’s balance sheet, and thus considered assets of Fifth Street for GAAP purposes.

Related to Tax Blocker Subsidiaries

  • Spinco Subsidiaries means all direct and indirect Subsidiaries of Spinco immediately following the Contribution.

  • Parent Subsidiaries means the Subsidiaries of Parent.

  • Acquired Subsidiaries means Subsidiaries of the Failed Bank acquired pursuant to Section 3.1.

  • Seller Subsidiaries means the subsidiary partnerships of the McNeil Partnerships listed on Annex G to this Agreement (the "Subsidiary Partnerships") and the subsidiary corporations listed on Annex F to this Agreement (the "Subsidiary Corporations") which hold GP Interests in certain of the Subsidiary Partnerships.

  • Transferred Subsidiaries shall have the meaning set forth in the Recitals.

  • Company Subsidiaries means the Subsidiaries of the Company.

  • Acquired Entities means the Company and the Acquired Subsidiaries.

  • Retained Subsidiaries means all Subsidiaries of Sellers and their respective direct and indirect Subsidiaries, as of the Closing Date, other than the Purchased Subsidiaries.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Subsidiaries means any corporation or other organization, whether incorporated or unincorporated, in which the Company owns, directly or indirectly, any equity or other ownership interest.

  • Transferred Entities means the entities set forth on Schedule 1.9.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.

  • Acquired Companies means, collectively, the Company and the Company Subsidiaries.

  • Consolidated Entities as of any date of determination, any entities whose financial results are consolidated with those of Kimco in accordance with GAAP.

  • Target Companies means the Target and its Subsidiaries.

  • PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.

  • Excluded Entities has the meaning set forth in Section 2.2(b)(iv).

  • Blocker has the meaning set forth in the preamble.

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Unconsolidated Affiliates means an Affiliate of the Borrower whose financial statements are not required to be consolidated with the financial statements of the Borrower in accordance with GAAP.

  • Seller Group Member means (a) Seller and its Affiliates, (b) directors, officers and employees of Seller and its Affiliates and (c) the successors and assigns of the foregoing.

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”

  • Group Companies means the Company and its Subsidiaries.

  • Company Subsidiary means any Subsidiary of the Company.

  • Parent Entities means, collectively, Parent and all Parent Subsidiaries.

  • Consolidated Parties means a collective reference to the Borrower and its Subsidiaries, and "Consolidated Party" means any one of them.