Parent Corporation Sample Clauses
The Parent Corporation clause defines the role and responsibilities of a parent company in relation to its subsidiaries within the context of an agreement. Typically, this clause clarifies whether the parent corporation is a party to the contract, guarantees the obligations of its subsidiary, or is subject to certain representations and warranties. For example, it may specify that the parent corporation will be liable for the performance of its subsidiary or that it must provide financial support if needed. The core function of this clause is to allocate responsibility and risk between the parent company and its subsidiaries, ensuring that obligations are clearly assigned and enforceable.
POPULAR SAMPLE Copied 1 times
Parent Corporation. The ultimate parent entity of the Developer is Life Time, Inc.
Parent Corporation. The Borrower does not have a parent corporation.
Parent Corporation. As of the Amendment Effective ------------------- Date, the Borrower is, directly or indirectly, wholly owned by the Parent Corporation, the Parent Corporation does not have any subsidiaries, other than the Borrower and the Subsidiaries and subsidiaries resulting from transfers to the Parent Corporation of capital stock of corporations holding partnership interests in the Borrower, and neither the Parent Corporation nor any of its subsidiaries described above have any material assets (other than partnership interests in the Borrower and assets of the Borrower and the Subsidiaries) or liabilities (other than (i) liabilities fully indemnified by The Limited, (ii) liabilities that also constituted liabilities of the Borrower prior to the Conversion and (iii) liabilities of the Borrower and the Subsidiaries).
Parent Corporation. I–Flow may, in its sole discretion, cause the Company to fulfill its benefits obligations pursuant to this Agreement by providing all or any portion of the benefits set forth herein directly to Employee.
Parent Corporation. The Recipient is a limited partnership, and as such, has no parent corporation.
Parent Corporation. All the outstanding interests of the Surviving Company are owned by the Parent Corporation.
Parent Corporation. There is no parent corporation of the Developer.
Parent Corporation. Parent Corporation and Acquiring Corporation jointly and severally represent and warrant to Target Corporation and Principal Shareholder as follows:
Parent Corporation. The "Parent Corporation" is Analysts International Corporation and any Successor.
Parent Corporation. The sole shareholder of the General Partner of Licensee which, as of the date of this Agreement, is Seven Circle Gaming Corporation.