Common use of Save for Cytomed Malaysia Clause in Contracts

Save for Cytomed Malaysia. IPSCBank and IPSC Depository, the Borrower has no subsidiary which the Borrower, directly or indirectly, owns or in which the Borrower, directly or indirectly, has the power to vote shares of any capital stock or other ownership interests having ordinary voting power to elect a majority or the directors of such corporation, or other persons performing similar functions for such entity.