Subsidiary Company. Whereas the Purchaser is purchasing COES Preferred Shares from the Parent Company, and the Parent Company is transferring CXI Common Stock to the Purchaser upon conversion of COES Preferred Shares and exercise of COES Warrants, the Parent Company hereby agrees to immediately remit 2.5% of the Purchase Price ($2.50 per COES Preferred Shares which has a subscription price of $100 per COES Preferred Share) at the Closing to the Subsidiary Company, constituting the sum of $2500 of aggregate consideration for the Subsidiary Company's agreement to perform its obligations as set forth in this Agreement and the Warrant Agreement, a form of which is included in Exhibit B.
Subsidiary Company. Subsidiary company means:
7.46.1 any company in respect of which you (either directly or indirectly through one or more of
a) control the composition of the board of directors; or
b) control more than half the voting power at a general meeting of shareholders; or
c) hold more than half of the issued share capital (regardless of class of share);
7.46.2 any company as defined above (other than any company part of whose issued share capital is offered to the public or otherwise traded on a recognised exchange in North America) which is acquired or created on or subsequent to the inception date of this policy and of which the total assets do not exceed the amount stated on the schedule.
7.46.3 any other company that we has given prior written consent to for its inclusion as a subsidiary company under this policy.
Subsidiary Company. The subsidiary companies in Thailand shall allocate not less 5 percent of its annual net profit each time a dividend is declared, to a reserve account (“legal reserve”) until the reserve reaches 10 percent of authorized share capital. The legal reserve is not available for dividend distribution.
Subsidiary Company. It is a company whose EFFECTIVE CONTROL is exercised by a PARENT COMPANY. It is also considered in this definition a company in which the EFFECTIVE CONTROL is exercised by a SUBSIDIARY COMPANY, as the latter has been defined, and so forth. RELATED COMPANIES: This is any AFFILIATE COMPANY, PARENT COMPANY or SUBSIDIARY COMPANY, among which the existence of a relationship is presumed, in any of the following cases: When they are part of the same economic group. When the same guarantee backs the obligations of both, or when more than 50% of the obligations of one of them are guaranteed by the other, and the other is not a company of the financial system. When more than 50% of the obligations of one legal entity are receivables of the other, and the other is not a company of the financial system. When a legal person has, directly or indirectly, a participation in the capital stock of another legal person that allows it to have a presence on its Board of Directors. When one third or more of the members of the Board of Directors or managers of one of them are directors, managers or workers of the other. The SMV Resolution No. 019-2015-SMV-01 (Approving the Regulation of Indirect Ownership, Linkage and Economic Groups) is applicable.
Subsidiary Company. It is a company whose EFFECTIVE CONTROL is exercised by a PARENT COMPANY. It is also considered in this definition a company in which the EFFECTIVE CONTROL is exercised by a SUBSIDIARY COMPANY, as the latter has been defined, and so forth.
Subsidiary Company. 13.82.1 Subsidiary company means:
a) any company in respect of which an insured (either directly or indirectly through one (1) or more of its subsidiary companies):
i) controls the composition of the board of directors;
ii) controls more than half the voting power at a general meeting of shareholders; or
iii) holds more than half of the issued share capital (regardless of class of share);
b) any company, as defined above, which is acquired or created on or subsequent to the inception date of this policy and of which the total assets do not exceed the amount stated on the schedule
c) any other company that we have given prior written consent to for its inclusion as a subsidiary company under this policy.
Subsidiary Company. The Shareholders agree that the provisions of clause 4 relating to board meetings of Subsidiary Companies can be varied with the prior written consent of the Qualifying Shareholders and otherwise each of the Company and each Shareholder undertakes to procure, so far as legally possible, that the constitution of the boards of the Subsidiary Companies and the proceedings of meetings of the board (and committees) of any Subsidiary Company reflects clauses 4 and 6.5.
Subsidiary Company. At least one independent director must be the director of Material Non Listed Subsidiary Company. Audit Committee shall review the financial performance of subsidiary in order to have a good control or view of subsidiary company. Board of Holding must review all significant transactions and arrangements between holding & subsidiary, all 20% of consolidated net worth is invested in the subsidiary company, 20% of the consolidated income coming from subsidiary company.
Subsidiary Company. Subsidiary Company" means a company that is wholly owned by Contractor and to whom Contractor may assign individual Work Orders under this Master Agreement and such Subsidiary Company shall be bound to the terms and conditions of both the Work Order and this Master Agreement in performance of such Work.
