Common use of Definitions of Clause in Contracts

Definitions of. “subsidiary” and “Affiliate”. (a) When a reference is made in this Agreement to a subsidiary of a person, the term “subsidiary” means those entities of which such person owns or controls more than 50% of the outstanding equity securities either directly or through an unbroken chain of entities as to each of which more than 50% of the outstanding equity securities is owned directly or indirectly by its parent.

Definitions of. “subsidiary” and “Affiliate”. (a) When a reference is made in this Agreement to a subsidiary of a person, the term “subsidiary” means those corporations, associations and other entities of which such person owns or controls more than 50% of the outstanding equity securities either directly or through an unbroken chain of entities as to each of which more than 50% of the outstanding equity securities is owned directly or indirectly by its parent.

Definitions of. “subsidiary” and “Affiliate”. (a) When a reference is made in this Agreement to a subsidiary of a person, the The term “subsidiary” means those entities with respect to any person, any corporation, association or other entity of which such person owns or controls more than 50% of the outstanding equity voting securities either directly or through an unbroken chain of entities as to each of which more than 50% of the outstanding equity securities is owned directly or indirectly by its parentindirectly.

Definitions of. “subsidiarySubsidiary”, “affiliate” and “Affiliateperson”. (a) When Unless otherwise stated, when a reference is made in this Agreement to a subsidiary Subsidiary of a person, the term “subsidiarySubsidiary” means those entities of which such person owns or controls more than 50% of the outstanding equity securities either directly or through an unbroken chain of entities as to each of which more than 50% of the outstanding equity securities is owned directly or indirectly by its parent.