Application to Subsidiaries. For purposes of this Section 3 and of Section 2 hereof, the term "Employer" shall include Employer and any and all of Employer's subsidiaries or ventures, or any affiliates of Employer (as such term is defined under the Securities Act of 1933), whether currently existing or hereafter formed. The affiliates of Employer are not intended to be construed as meaning other controlled affiliates of First Reserve Corporation.
Application to Subsidiaries. The promises and covenants made by the Employee to the Company in this Agreement shall apply with the same force and effect and shall inure to the benefit of any Subsidiary or joint venture of the Company, whether such Subsidiary or joint venture exists as of the date hereof or shall exist at any date for which a promise or covenant made by the Employee pursuant to this Agreement shall be in effect. "Subsidiary" shall mean any corporation of which the Company owns securities having a majority of the ordinary voting power in electing the board of directors directly or through one or more subsidiaries.
Application to Subsidiaries. For purposes of this Section 3 and of Section 2 hereof, the term “Employer” shall include Employer and any and all of Employer’s subsidiaries or ventures, or any affiliates of Employer (as such term is defined under the Securities Act of 1933), whether currently existing or hereafter formed.
Application to Subsidiaries. The Agreement is entered into by PKS and KMC on behalf of themselves and each member of the PKS Group and the KMC Group, respectively. This Agreement constitutes a direct obligation of each such member.
Application to Subsidiaries. The Shareholders agree that the provisions of Clauses 6.1 to 6.13, 11.1, 12, 13.2 and 14.3 shall apply mutatis mutandis to each subsidiary of the Company and shall, where required, cast their votes in favour of any resolutions of the Company for the purposes of the foregoing. In connection with the foregoing, references in such Clauses to:
Application to Subsidiaries. This Article 3 except for section 3.6, shall apply MUTATIS MUTANDIS to the conduct of the affairs and business of each Subsidiary of the Corporation.
Application to Subsidiaries. The obligations of either party hereunder ---------------------------- shall be applicable to subsidiaries of each such party. "Subsidiary" shall mean any entity owned fifty percent (50%) or more by a party.
Application to Subsidiaries. Each Party intends for this Agreement to extend to all of its Subsidiaries with respect to the applicable licenses and covenants granted by such Party and its Subsidiaries to another Party and its Subsidiaries under this Agreement (except as provided in Section 10.2). The Parties agree that, to the extent they are not already bound, each Party shall ensure that all such Subsidiaries are bound by the terms of this Agreement.
Application to Subsidiaries. The Borrower will ensure that each of its Subsidiaries complies with sections 1.11, 1.12 and 1.13 of this Schedule, as if the references to the Borrower therein were references to each such Subsidiary.
Application to Subsidiaries. References in Section 9.1 to matters relating to the Company which shall require approval by the Board shall include references to the same matter in relation to any Subsidiary from time to time.
