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. 5.02. If the Corporation proposes to form a subsidiary, or to acquire ownership or control of another company, it shall give notice of such proposed action to DSS and shall advise DSS again immediately upon consummation of such formation or acquisition.  OPERATIONS

Appears in 2 contracts

Samples: 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 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. 5.02. If the Corporation proposes to form a subsidiary, or to acquire ownership or control of another company, it shall give notice of such proposed action to DSS and shall advise DSS again immediately upon consummation of such formation or acquisition.  OPERATIONS.

Appears in 2 contracts

Samples: Voting Trust Agreement, Proxy Agreement

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. 5.02. If the Corporation proposes to form a subsidiary, or to acquire ownership or control of another company, it shall give notice of such proposed action to DSS and shall advise DSS again immediately upon consummation of such formation or acquisition.  OPERATIONS.

Appears in 1 contract

Samples: Proxy Agreement (Nortel Networks LTD)

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. 5.02. If the Corporation proposes to form a subsidiary, or to acquire ownership or control of another company, it shall give notice of such proposed action to DSS and shall advise DSS again immediately upon consummation of such formation or acquisition.  OPERATIONSThe Corporation shall also notify DSS of negotiations to enter into any contract with a U.S. Government Agency7 which requires it or any of its subsidiaries to access classified information.

Appears in 1 contract

Samples: 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 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. 5.02. If the Corporation proposes to form a subsidiary, or to acquire ownership or control of another company, it shall give notice of such proposed action to DSS and shall advise DSS again immediately upon consummation of such formation or acquisition.  OPERATIONS* * *

Appears in 1 contract

Samples: Proxy Agreement (API Technologies Corp.)

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