Common use of Restrictions Binding on Subsidiaries of the Corporation Clause in Contracts

Restrictions Binding on Subsidiaries of the Corporation. 5.01. The Parties here to agree that the provisions of the Agreement shall apply to; and shall be made to be binding upon; all present and future subsidiaries of the Corporation. The Corporation hereby agrees to undertake any and all measures, and provide such authorizations, as may be necessary to effectuate this requirement. The sale of, or termination of the Corporation’s control over any such subsidiary shall terminate the applicability to it of the Agreement.

Appears in 5 contracts

Samples: Voting Trust Agreement, Voting Trust Agreement, Proxy Agreement

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Restrictions Binding on Subsidiaries of the Corporation. 5.01. The Parties here to agree that the provisions of the this Agreement shall apply to; , and shall be made to be binding upon; , all present and future subsidiaries and business lines or divisions of the Corporation. The Corporation hereby agrees to undertake any and all measures, and to provide such authorizations, as may be necessary to effectuate this requirement. The sale of, or termination of the Corporation’s control over over, any such subsidiary shall terminate the applicability of this Agreement to it of the Agreementit.

Appears in 2 contracts

Samples: Proxy Agreement (API Technologies Corp.), Proxy Agreement (API Technologies Corp.)

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Restrictions Binding on Subsidiaries of the Corporation. 5.01. The Parties here to agree that the provisions of the this Agreement shall apply to; , and shall be made to be binding upon; , all present and future subsidiaries of the Corporation. The Corporation hereby agrees to undertake any and all measures, and provide such authorizations, as may be necessary to effectuate this requirement. The sale of, or termination of the Corporation’s control over over, any such subsidiary shall terminate the applicability of this Agreement to it of the Agreementsuch subsidiary.

Appears in 1 contract

Samples: Proxy Agreement (Nortel Networks LTD)

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