Incorporation of Wholly Owned Subsidiaries. If agreed to by the Board after a request by the Manager, the Company may incorporate, subscribe for and hold shares in one or more wholly owned subsidiary of the Company for the purpose of acquiring and holding Portfolio Securities issued by any Portfolio Entity. All costs and expenses in respect of the incorporation of any such wholly owned subsidiary shall be borne by the Company.
Appears in 4 contracts
Samples: Management Agreement, Management Agreement, Management Agreement
Incorporation of Wholly Owned Subsidiaries. If agreed to by the Board after a request by the Manager, the Company may incorporate, subscribe for and hold shares in one or more wholly owned subsidiary of the Company for the purpose of acquiring and holding Portfolio Securities issued by any Portfolio EntityProperty. All The Company will pay all costs and expenses in respect of the incorporation of to incorporate any such wholly owned subsidiary shall be borne by the Companysubsidiary.
Appears in 1 contract
Samples: Management Agreement
