Core Subsidiary definition

Core Subsidiary means each Subsidiary of PPL Montana other than Additional Subsidiaries thereof.
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Core Subsidiary means any Subsidiary other than a Haftungsverbund Subsidiary;
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Core Subsidiary means a Subsidiary of the Company (i) that conducts the core Business of the Group Companies or (ii) that generates no less than thirty percent (30%) of the aggregated revenues of the Group Companies taken as a whole (based on the then latest available consolidated financial statements of the Group Companies), provided that each of the WFOE I, and Jiangsu Yunxuetang shall constitute a Core Subsidiary.
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Examples of Core Subsidiary in a sentence

  • The Board of Directors and each Subsidiary Board of Directors shall also respectively prepare and approve an annual business plan and budget in respect of the Company or, as the case may be, the respective Core Subsidiary (in relation to the relevant Core Group Company, the “Individual Company Annual Budget And Business Plan”).

  • That designation will only be permitted if such Investment would be permitted under Section 6.2 at that time and if such Core Subsidiary otherwise meets the definition of an Additional Subsidiary.

  • The designation of a Core Subsidiary as an Additional Subsidiary shall constitute an Asset Sale and shall be subject to the provisions of Section 6.3. If a Core Subsidiary is designated as an Additional Subsidiary, the aggregate fair market value of all outstanding Investments owned by PPL Montana and its Core Subsidiaries in the Subsidiary so designated will be deemed to be an Investment made as of the time of such designation.

  • The board of managers of PPL Montana may redesignate any Additional Subsidiary to be a Core Subsidiary if the redesignation would not cause a Significant Lease Default or Lease Event of Default.

  • The Board of Directors and‌ each Subsidiary Board of Directors shall also respectively prepare and approve an annual business plan and budget in respect of the Company or, as the case may be, the respective Core Subsidiary (in relation to the relevant Core Group Company, the “Individual Company Annual Budget and Business Plan”).


More Definitions of Core Subsidiary

Core Subsidiary means each of:
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Core Subsidiary means any Subsidiary that is not an Additional Subsidiary.
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Core Subsidiary means any Subsidiary of the Borrower (A) in existence on the Closing Date and identified on Schedule 1.1 or (B) created or acquired after the Closing Date which is a Wholly Owned operating Subsidiary of the Borrower.
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Core Subsidiary means each of the Majority Subsidiaries and the Core Joint Ventures.
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Core Subsidiary means a Subsidiary that is not a Special Subsidiary.
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Core Subsidiary has the meaning set forth in the Stock Purchase Agreement.
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Core Subsidiary means each of Primerica Life Insurance Company, PFS Investments Inc., Primerica Life Insurance Company of Canada, and PFSL Investments Canada Ltd., and any other Subsidiary of the Borrower as mutually agreed by the Administrative Agent and the Borrower.
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