Contributing Subsidiary definition

Contributing Subsidiary is defined in Section 5.5(b).
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Contributing Subsidiary has the meaning set forth in the Separation and Distribution Agreement.
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Contributing Subsidiary means any subsidiary of MFN Financial Corporation that is also a member of Mercury Finance Company LLC.
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Examples of Contributing Subsidiary in a sentence

  • Any Contributing Subsidiary Guarantor making any payment to a Claiming Subsidiary Guarantor pursuant to this Section 2 shall be subrogated to the rights of such Claiming Subsidiary Guarantor under Section 1 to the extent of such payment.

  • Any Contributing Subsidiary Guarantor making any payment to a Claiming Subsidiary Guarantor pursuant to this paragraph shall be subrogated to the rights of such Claiming Subsidiary Guarantor under this paragraph to the extent of such payment.

  • Any Contributing Subsidiary Guarantor making any payment to a Claiming Subsidiary Guarantor pursuant to this subsection shall be subrogated to the rights of such Claiming Subsidiary Guarantor under this subsection to the extent of such payment.

  • Confidential client information of either Party or its Contributed Business, and any other Business Information forming part of the Contributed Assets of either Party or any of its Contributing Subsidiaries a copy of which is retained by such Party or such Contributing Subsidiary as the case may be, shall be maintained and kept confidential in accordance with Applicable Law and any confidentiality obligation.

  • All Handled Products which a Contributing Subsidiary has directly sold as a party to the relevant sales agreements to, or has directly solicited its client or customer to buy, have met appropriate standards for suitability in light of the characteristics of the applicable clients or customers and have been accompanied by timely and full disclosure in accordance with Applicable Law.

  • Any consumption, excise, sales, use, transfer, Real Property transfer, documentary, stamp or similar Taxes (“Transfer Taxes”) resulting from the transfer of the Contributed Assets to MUMSS or MSMS, as applicable, and the transactions described in Section 1.6 shall be borne by the Party or its Contributing Subsidiary that is responsible or otherwise liable therefor under Applicable Law.

  • No Claim has ever been made by any Governmental Authority in a jurisdiction where any of such Party’s Contributing Subsidiaries does not file Tax Returns that such Contributing Subsidiary is or may be subject to taxation by that jurisdiction.

  • Any Contributing Subsidiary Guarantor making any payment to a Claiming Subsidiary Guarantor pursuant to this Section 5.02(a) shall be subrogated to the rights of such Claiming Subsidiary Guarantor under Section 5.01 to the extent of such payment.

  • Any Contributing Subsidiary Guarantor making any payment to a Claiming Subsidiary Guarantor pursuant to this Section 6.02 shall be subrogated to the rights of such Claiming Subsidiary Guarantor under Section 6.01 to the extent of such payment.

  • All payments required to be made under this Agreement shall be made by Parent (or the Contributing Subsidiary, as determined by Parent) directly to SpinCo and by SpinCo directly to Parent (or the Contributing Subsidiary, as determined by Parent); provided, however, that if the Parties mutually agree with respect to any such indemnification payment, any member of the Parent Group, on the one hand, may make such indemnification payment to any member of the SpinCo Group, and vice versa.


More Definitions of Contributing Subsidiary

Contributing Subsidiary means ▇▇▇▇▇▇ Engineering Group, Inc. a Delaware corporation.
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Contributing Subsidiary has the meaning ascribed to such term in the Contribution Agreement.
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Related to Contributing Subsidiary

  • Contributing Party has the meaning assigned to such term in Section 5.02.

  • Contributing Member has the meaning set forth in Section 3.02(b).

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

  • Non-Contributing Member shall have the meaning set forth in Section 3.2(b).

  • 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.