Actions by Subsidiaries Sample Clauses
The "Actions by Subsidiaries" clause defines how the actions, omissions, or decisions of a company's subsidiaries are treated under the main agreement. Typically, this clause clarifies whether subsidiaries are considered as acting on behalf of the parent company, or if their conduct is attributed to the parent for purposes such as compliance, liability, or performance obligations. For example, if a subsidiary breaches a contract term, the parent company may be held responsible as if it had committed the breach itself. The core function of this clause is to allocate responsibility and risk between parent companies and their subsidiaries, ensuring clarity about whose actions are relevant under the agreement.
Actions by Subsidiaries. Each of MUFG and MS shall ensure that each of its respective Subsidiaries takes all actions necessary to be taken by such Subsidiaries in order to fulfill the obligations of MUFG and MS, as the case may be, hereunder. From the date of this Agreement until the Closing, MUFG will not permit MUMSS to engage in any activities or incur any Liabilities other than in connection with the transactions contemplated by this Agreement.
Actions by Subsidiaries. Each of Citigroup and Morgan Stanley shall ensure that each of their respective Subsidiaries takes all actions necessary to be taken by such Subsidiaries in order to fulfill the obligations of Citigroup and Morgan Stanley, as the case may be, hereunder. From the date of this Agreement until the Closing, Morgan Stanley will not permit the Company to engage in any activities or incur any liabilities other than in connection with the transactions contemplated by this Agreement.
Actions by Subsidiaries. 1st Financial and Mountain 1st will not cause or permit any of their respective subsidiaries to take, and, as the sole shareholders of those companies, each of them will use Commercially Reasonable Efforts to prevent its respective subsidiaries from taking, any action that is prohibited to 1st Financial, Mountain 1st or the 1st Financial Companies by the various provisions of this Paragraph 5.02.
Actions by Subsidiaries. LiveRamp shall cause each LiveRamp Entity to comply with the terms of this Agreement. AMS shall cause each AMS Entity to comply with the terms of this Agreement. Holdco shall cause each of LiveRamp and AMS (solely prior to the Closing under the Equity Purchase Agreement) to comply with the terms of this Agreement.
Actions by Subsidiaries. Each of the parties covenants that, if and to the extent that consummation of the transactions contemplated hereby requires that any one or more of such party’s Subsidiaries take any action or execute any documents or instruments, that it shall take all such action as may be required to cause each such Subsidiary to take such action and execute all such documents and instruments.
Actions by Subsidiaries. Notwithstanding anything to the contrary in this Agreement, to the extent that the Company has obligations under this Agreement that require cooperation or actions by a Subsidiary or former Subsidiary of the Company (e.g., certain of its obligations under Article V in the case where a Registrable Security is common stock of a subsidiary of the Company) the Company shall only be required to use reasonable best efforts to satisfy such obligation.
Actions by Subsidiaries. 7.18.1. Each Subsidiary of the Borrower shall be subject to the covenants set forth in Sections 6 and 7 of this Agreement with the same force as if such subsidiary were named in this Agreement.
7.18.2. In the event that the Borrower creates or acquires any Subsidiaries, the Borrower shall immediately (a) pledge the stock or other equity interest in the Subsidiary pursuant to the Pledge Agreement, (b) cause the Subsidiary to grant the Investors and the Agent a first priority security interest in all of its assets and (c) cause the Subsidiary to agree to abide by the provisions of Sections 6 and 7 of this Agreement.
7.18.3. In the event that the Borrower acquires an interests in a Person that is not a Subsidiary, the Borrower shall immediately pledge the stock or other equity interest in such Person pursuant to the Pledge Agreement.