MoneyGram 2009 Annual Report Download - page 447

"Significant Subsidiary" means any Subsidiary that would be a "significant subsidiary" as defined in Article 1, Rule 1-02 of Regulation S-X, promulgated
pursuant to the Securities Act, as such Regulation is in effect on the date of this Indenture.
"Similar Business" means (a) the global funds transfer and payment services business conducted by the Company and its Subsidiaries, (b) any other
business described under the heading "Business" in Holdco's Annual Report on Form 10-K under the Exchange Act for the fiscal year ended December 31,
2006, and (c) any business that is similar, reasonably related, incidental, complementary or ancillary thereto or any reasonable extension thereof.
"SPEs" means Ferrum Trust, a Delaware business trust, Tsavorite Trust, a Delaware business trust, Hematite Trust, a Delaware business trust, Monazite
Trust, a Delaware business trust, and, to the extent the formation thereof is not prohibited by the Indenture, any Wholly-Owned Subsidiary of the Company or
trust (which is consolidated with the Company for financial statement purposes), in each case formed for the limited organizational purpose of isolating a
limited and specified pool of assets with respect to rights and obligations pursuant to Payment Service Obligations, which assets shall consist solely of
(i) Cash and Cash Equivalents, (ii) Accounts Receivable and (iii) interest rate Hedging Obligations that relate to Highly Rated Investments and Payment
Service Obligations. The Specified SRI Subsidiary shall not be deemed to be an SPE.
"Sponsors" means the Lead Sponsor, GSCP and GSMP.
"Subordinated Indebtedness" means:
(a) with respect to the Company, any Indebtedness of the Company which is by its terms subordinated in right of payment or in respect of the proceeds of
any collateral to the Notes, and
(b) with respect to any Guarantor, any Indebtedness of such Guarantor which is by its terms subordinated in right of payment or in respect of the proceeds
of any collateral to the guarantee of such Guarantor.
"Subsidiary" means, with respect to any Person:
(a) any corporation, association, or other business entity (other than a partnership, joint venture, limited liability company or similar entity) of which more
than 50% 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 of determination owned or controlled, directly or indirectly, by such Person or one or more of the other
Subsidiaries of that Person or a combination thereof and
(b) any partnership, joint venture, limited liability company or similar entity of which
(1) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable,
are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in
the form of membership, general, special or limited partnership or otherwise, and
(2) such Person or any Subsidiary of such Person is a controlling general partner or otherwise controls such entity;
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