Common use of Meaning of “subsidiary” Clause in Contracts

Meaning of “subsidiary”. A company (S) is a subsidiary of another company (P) if a majority of the issued shares in S (or a majority of the issued shares in S which carry unlimited rights to capital and income distributions) are directly owned by P or are indirectly attributable to P and any company of which S is a subsidiary is a parent company of S.

Meaning of “subsidiary”. A company (S) is a subsidiary of another company (P) if if: (a) a majority of the issued shares in S (or a majority of the issued shares in S which carry unlimited rights to capital and income distributions) are directly owned by P or are indirectly attributable to P; or (b) P has direct or indirect control over a majority of the voting rights attached to the issued shares of S; or (c) P has the direct or indirect power to appoint or remove a majority of the directors of S, and any company of which S is a subsidiary is a parent company of S.

Meaning of “subsidiary”. A company (S) is a subsidiary of another company (P) if if: (a) a majority of the issued shares in S (or a majority of the issued shares in S which carry unlimited rights to capital and income distributions) are directly owned by P or are indirectly attributable to P; and (b) P has direct or indirect control over a majority of the voting rights attaching to the issued shares of S; or (c) P has the direct or indirect power to appoint or remove a majority of the directors of S; or and any company of which S is a subsidiary is a parent company of S.

Meaning of “subsidiary”. A company (S) is a subsidiary of another company (P), if it is directly or indirectly controlled by P and for this purpose “control” means either: (a) if a majority the ownership of more than fifty per cent (50%) of the issued shares in S voting share capital (or a majority equivalent rights of ownership) of such company or entity; or (b) the issued shares in S which carry unlimited rights power to capital direct its policies and income distributions) are directly owned management, whether by P contract or are indirectly attributable to P and any company of which S is a subsidiary is a parent company of S.otherwise.

Meaning of “subsidiary”. A company (S) is a subsidiary of another company (P) if if: (a) a majority of the issued shares in S (or a majority of the issued shares in S which carry unlimited rights to capital and income distributions) are directly owned by P or are indirectly attributable to P; or (b) P has direct or indirect control over a majority of the voting rights attaching to the issued shares of S; or (c) P has the direct or indirect power to appoint or remove a majority of the directors of S, and any company of which S is a subsidiary is a parent company of S.

Meaning of “subsidiary”. A company (S) is a subsidiary of another company (P) if if: (a) a majority of the issued shares in S (or a majority of the issued shares in S which carry unlimited rights to capital and income distributions) are directly owned by P or are indirectly attributable to P; or (b) P has direct or indirect control over a majority of the voting rights attached to the issued shares of S, and any company of which S is a subsidiary is a parent company of S.

Meaning of “subsidiary”. A company (S) is a subsidiary of another company (P) if if: (a) a majority of the issued shares in S (or a majority of the issued shares in S which carry unlimited rights to capital and income distributions) are directly owned by P or are indirectly attributable to P; or (b) P has direct or indirect control over a majority of the voting rights attached to the issued shares of S, or (c) P has the direct or indirect power to appoint or remove a majority of the directors of S, and any company of which S is a subsidiary is a parent company of S.