Subsidiary Relationship Sample Clauses
A Subsidiary Relationship clause defines the legal and operational connection between a parent company and its subsidiary. It typically clarifies the extent of control, responsibilities, and obligations the parent company has over the subsidiary, and may specify how decisions, liabilities, or financial matters are managed between the two entities. This clause is essential for delineating authority and accountability, ensuring that both parties understand their roles and reducing the risk of disputes regarding corporate governance or liability.
Subsidiary Relationship. The Investor is an indirect wholly-owned subsidiary of PBL and will remain an indirect majority owned subsidiary of PBL so long as it owns or holds any of the Securities.
Subsidiary Relationship. BHN is a wholly owned subsidiary of the Company.BHN is a corporation duly organized, validly existing and in good standing under the laws of the State of Arizona and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. BHN is duly qualified to transact business and is in good standing in each jurisdiction in which the failure to so qualify would not have a Material Adverse Effect.
Subsidiary Relationship. Purchaser is a wholly owned subsidiary of Axiall Corporation.