Common use of Definition of Subsidiary Clause in Contracts

Definition of Subsidiary. When a reference is made in this -------------------------- Agreement to a subsidiary of a party, the word "subsidiary" means any corporation or other organization whether incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such party or by any one or more of its subsidiaries, or by such party and one or more of its subsidiaries.

Definition of Subsidiary. When a reference is made in this -------------------------- Agreement to a subsidiary of a party, the word "subsidiary" means any corporation or other organization whether incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such party or by any one or more of its subsidiaries, or by such party and one or more of its subsidiaries.

Definition of Subsidiary. When a reference is made in For the purposes of this -------------------------- Agreement to a subsidiary of a partyAgreement, the word term "subsidiarySubsidiary" means any corporation or other organization whether incorporated or unincorporated of in which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is Company directly or indirectly owned owns or controlled controls more than 50 percent of the total combined voting power of all classes of stock issued by such party or by any one or more of its subsidiaries, or by such party and one or more of its subsidiariesthe corporation.

Definition of Subsidiary. When a reference is made in For purposes of this -------------------------- Agreement to a subsidiary of a partyRestricted Stock Agreement, the word "subsidiary" means “Subsidiary” shall mean any corporation or other organization whether incorporated or unincorporated entity of which at least the Company owns securities having a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of in electing the board of directors or others performing similar functions with respect to such corporation or other organization is governing body, either directly or indirectly owned or controlled by such party or by any through one or more of its subsidiaries, or by such party and one or more of its subsidiariesSubsidiaries.

Definition of Subsidiary. When a reference is made in this -------------------------- Agreement to a subsidiary of a party, the word term "subsidiary" means any corporation or other organization organiza- tion whether incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly di- rectly or indirectly owned or controlled by such party or by any one or more of its subsidiaries, or by such party and one or more of its subsidiaries.

Definition of Subsidiary. When a reference is made in this -------------------------- Agreement to a subsidiary of a partyParty, the word term "subsidiary" means any corporation or other organization organiza- tion, whether incorporated or unincorporated unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly di- rectly or indirectly owned or controlled by such party Party or by any one or more of its subsidiaries, or by such party Party and one or more of its subsidiaries.

Definition of Subsidiary. When a reference is made in For the purposes of this -------------------------- Agreement to a subsidiary of a partyAgreement, the word term "subsidiarySubsidiary" means any corporation or (other organization whether incorporated or unincorporated than the Company) in an unbroken chain of which at least a majority corporations beginning with the Company if each of the securities or interests having by corporations other than the terms thereof ordinary voting power to elect at least a majority of last corporation in the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such party or by any one unbroken chain own stock possessing fifty percent (50%) or more of its subsidiaries, or by such party and the total combined voting power of all classes of stock in one or more of its subsidiariesthe other corporations in such chain.

Definition of Subsidiary. When a reference is made in this -------------------------- Agreement to a subsidiary of a partyParty, the word term "subsidiary" means any corporation or other organization organization, whether incorporated or unincorporated unincorporated, of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such party Party or by any one or more of its subsidiaries, or by such party Party and one or more of its subsidiaries.

Definition of Subsidiary. When a reference is made in this -------------------------- Agreement to a subsidiary of a party, the word term "subsidiary" means any corporation or other organization whether incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such party or by any one or more of its subsidiaries, or by such party and one or more of its subsidiaries.

Definition of Subsidiary. When a reference is made in this -------------------------- Agreement to a subsidiary of a party, the word "“subsidiary" ” means any corporation or other organization whether incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such party or by any one or more of its subsidiaries, or by such party and one or more of its subsidiaries.