Definition of Subsidiary. When a reference is made in this Agreement to a subsidiary of a party, the word "subsidiary" means any corporation more than 50% of the outstanding voting securities of which are directly or indirectly owned by such party or any joint venture or partnership in which such party owns a 50% or more equity interest.
Appears in 3 contracts
Samples: Agreement and Plan of Merger (Trident International Inc), Agreement and Plan of Merger (Illinois Tool Works Inc), Agreement and Plan of Merger (Trident International Inc)
Definition of Subsidiary. When a reference is made in this Agreement to a subsidiary of a party, the word "subsidiary" means any corporation more than 50% or other organization whether incorporated or unincorporated of which at least a majority of the outstanding securities or interests having by the terms thereof ordinary voting securities power to elect a majority of which are 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 joint venture one or partnership in which more of its subsidiaries, or by such party owns a 50% and one or more equity interestof its subsidiaries.
Appears in 1 contract
