Subsidiary Company Clause Samples
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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. 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. The Company is the beneficial owner free from all encumbrances, equities and claims (including security interests, options and other third party rights in the issued or unissued share capital of the Subsidiary) of the whole of the share capital of the Subsidiary listed in Schedule 1 Part II.
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 is the company which effective control is exercised by the parent company.
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.
Subsidiary Company. Serena's Vineyard Red Hat Vineyards
Subsidiary Company. As at December 31, 2019, the subsidiary has loans to 2 related parties totaling Baht 68.85 million, as follows: The 1st party : Metlink Info Company Limited issued two promissory notes total amount of Baht
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.