Subsidiary

Subsidiary. Shall mean, for purposes of the Incentive Stock Option provisions of the Plan, a subsidiary Company within the meaning of subsections 424(f) and (g) of the Code, and for all other purposes of the Plan, a Company of which Maine & Maritimes Corporation owns directly or indirectly at least fifty percent (50%) of the total combined voting power of all classes of stock entitled to vote.

Subsidiary. As used in this Agreement, the terms "Collateral," "Diamond", and "Subsidiary" shall have the meanings indicated in Section 2 below.

Subsidiary. Shall mean, with respect to any Person, (i) any corporation, association or other business entity of which more than 50% (49% in the case of Walibi, S.A.) of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such Person or one or more of the... other Subsidiaries of that Person (or a combination thereof); provided that, notwithstanding the foregoing, each of SFOG A Holdings, SFOG B Holdings, SFOT I Holdings and SFOT II Holdings shall be deemed to be a Subsidiary of the Company for all purposes under this Certificate of Designation so long as (x) the subordinated indemnity agreement and the beneficial share assignment agreement, to each of which the Company is a party, shall each be in full force and effect and no default or event of default shall have occurred thereunder, and (ii) any partnership or limited liability company (a) the sole general partner or the managing general partner (or equivalent) of which is such Person or a Subsidiary of such Person or (b) the only general partners of which are such Person or one or more Subsidiaries of such Person (or any combination thereof). View More

Subsidiary. Means any corporation or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar flmctions are at the time directly or indirectly owned by Borrower or another subsidiary of Borrower, or the Corporate Guarantor or another subsidiary of the Corporate Guarantor.

Subsidiary. Any company which is directly or indirectly owned and/or controlled by the Company; and, with respect to the grant of Incentive Stock Options, as defined under Section 424 of the Code.

Subsidiary. Shall mean any company in which USU owns, directly or indirectly through Subsidiaries, at least 50% of the total combined voting power.

Subsidiary. At any time has the meaning set forth in the Loan Agreement at such time.

Subsidiary. Shall mean any Person of which any other specified Person shall own directly or indirectly through a Subsidiary, a nominee arrangement or otherwise at least a majority of the outstanding capital stock (or other shares of beneficial interest) entitled to vote generally or at least a majority of the partnership, joint venture or similar interests, or in which any other specified Person is a general partner or joint venturer without limited liability.

Subsidiary. Shall mean a corporation, domestic or foreign, of which not less than 50% of the voting shares are held by the Company or a Subsidiary, whether or not such corporation now exists or is hereafter organized or acquired by the Company or a Subsidiary. 3 (q) "TRADING DAY" shall mean a day on which national stock exchanges and the Nasdaq System are open for trading.

Subsidiary. Shall mean any corporation of which more than fifty percent of the outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation (irrespective of whether or not at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency) is at the time directly or indirectly owned by Guarantor, or ... Guarantor and one or more other Subsidiaries, or by one or more Subsidiaries. -2- View More