Parent Company Sample Clauses
The Parent Company clause defines the entity that holds a controlling interest in one or more subsidiary companies within a corporate group. Typically, this clause identifies the parent company by name and clarifies its relationship to the parties involved in the agreement, often specifying the extent of its control or ownership. Its core practical function is to ensure clarity regarding which entity is ultimately responsible for obligations or liabilities, thereby preventing confusion or disputes about corporate relationships and accountability.
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Parent Company. By: By: ------------------------------- --------------------------------
Parent Company. It is a company that has the EFFECTIVE CONTROL of another company. This definition also includes a company that has EFFECTIVE CONTROL of a PARENT COMPANY, as the latter has been defined, and so on.
Parent Company. The term “Parent Company” shall mean National Bancshares Corp. or any successor corporation or business organization which shall assume the obligations of the Parent Company under Agreement.
Parent Company. ▇▇▇▇▇ Parent shall not (i) hold any assets, (ii) incur, create, assume, or suffer to exist any Debt or any other liability or obligation, (iii) create, make or enter into any Investment or (iv) engage in any other activity or operation other than:
(a) its ownership of Equity Interests in the Borrower and the activities of a passive holding company and assets and operations incidental thereto (including the maintenance of cash and reserves for the payment of Taxes, franchises, and other operational costs and expenses);
(b) participating in Tax, accounting and other administrative matters related to ▇▇▇▇▇ Parent, the Borrower and its Subsidiaries;
(c) performance of its obligations under or in connection with its organizational documents or the Loan Documents;
(d) providing usual and customary indemnification to its officers and directors;
(e) the issuance and sale of its Equity Interests and repurchases thereof, and activities incidental thereto;
(f) the making of Investments in and contributions to the Borrower or any Subsidiary thereof;
(g) the making of dividends or distributions in return of capital to the holders of its Equity Interests;
(h) the incurrence of liabilities imposed by law, including Tax liabilities and other liabilities incidental to its existence and business and activities permitted hereunder;
(i) the incurrence of liabilities and exercise of rights under, and the performance of obligations pursuant to, (x) the Sabine Parent Guaranty and, (y) with the prior written consent of the Administrative Agent (which shall not be unreasonably withheld), any other guarantee of a similar scope and nature of obligations of a Credit Party (other than obligations constituting Debt) under an acquisition agreement evidencing an acquisition that is permitted hereunder;
(j) the incurrence of liabilities and exercise of rights under, and the performance of obligations pursuant to, the Tax Receivable Agreement;
(k) performance of its obligations under or in connection with the Exchange Agreement;
(l) its guarantee of any Debt permitted under Section 9.02; and
(m) (x) ownership of other assets not to exceed $5,000,000 in the aggregate and (y) incurrences of Debt or other obligations not to exceed $5,000,000 in the aggregate at any time outstanding. Notwithstanding the foregoing, (A) nothing contained in this Section 9.18 shall be construed as a consent to, or amendment or waiver of, any covenant, restriction, prohibition, limitation, condition or other term ...
Parent Company. This Call-Off Agreement is conditional upon the provision of a Guarantee to the Customer from the guarantor in respect of the Supplier.] [Parent Company [Company Name] "Guarantor" Parent Company Address [Company Address] Account Manager: Name: [Account Manager Name] Address: [Account Manager Address] Phone: [Account Manager Address] Email: [Account Manager email] Fax: [Account Manger Fax (if applicable)]
Parent Company. This Contract is conditional upon the provision of a Guarantee to the Customer from the Guarantor in respect of the Supplier.]
Parent Company. This Contract is conditional upon the provision of a Guarantee to the Customer from the Guarantor in respect of the Supplier.] [Parent Company [ ] "Guarantor" Parent Company address [ ] Account Manager Name: [ ] Address: [ ] Phone: [ ] E-mail: [ ] Fax: [ ]]
Parent Company. Altisource Portfolio Solutions S.A., a public limited liability company (société anonyme), incorporated under the laws of the Grand Duchy of Luxembourg, with a share capital of USD 9,341,907.-, having its registered office at ▇-▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ Gaulle, L-1653 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B 72 391; Pre-Contractual Statement : any undertaking, promise, assurance, statement, representation, warranty or understanding (whether in writing or not) of any person (whether party to this Contract or not) relating to the Employee’s employment under this Contract which is not expressly set out in this Contract or any documents referred to in it; Rules and Regulations : any internal rules, regulations, policies or procedures which may be periodically prepared by the Employer and which apply to all its employees including the Employee; Subsidiaries : all present and future subsidiaries of the Employer or the Parent Company;
Parent Company any Owner ceases to be a wholly-owned subsidiary of the Borrower; or
Parent Company. “Parent Company” shall mean, in the case of a GE Partner, GECC and, in the case of a Penske Partner, Penske Corporation. The Parent Company of PAG shall be Penske Corporation for so long as PAG is Controlled by Penske Corporation.