Common use of Subsidiary Clause in Contracts

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entity.

Subsidiary. The term “"Subsidiary” " means any corporation, limited liability company, partnership or other entity corporation with respect to which another specified entity the Company owns a majority of the outstanding shares of common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Subsidiary. The term “Subsidiary” means shall mean any corporation, limited liability company, partnership or other entity with respect to corporation of which another specified entity has the power to vote or direct the voting of sufficient Company owns securities to elect directors (or comparable authorized persons of such entity) having a majority of the ordinary voting power of in electing the board of directors (directly or comparable governing body) of such entitythrough one or more subsidiaries.

Subsidiary. The term “Subsidiary” ," except as expressly provided otherwise, means any corporationentity that is directly or indirectly controlled by the Company or in which the Company has a significant ownership interest, limited liability companyas determined by the Board, partnership and any entity that may become a direct or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority indirect parent of the voting power of the board of directors (or comparable governing body) of such entityCompany.

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity corporation with respect to which another specified entity the Company owns a majority of the outstanding shares of common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Subsidiary. The term “Subsidiary” Subsidiary means as to any Person, a corporation, limited liability company, partnership or other entity with respect to of which another specified entity has shares of stock or other ownership interests having ordinary voting power (other than such stock or such other ownership interests having such power only by reason of the power to vote or direct the voting happening of sufficient securities a contingency) to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) other managers of such entitycorporation, partnership, or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both by such Person.

Subsidiary. The term “Subsidiary” means " shall mean any corporation, limited liability company, partnership corporation of which the Company or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient LLC owns securities to elect directors (or comparable authorized persons of such entity) having a majority of the ordinary voting power of in electing the board of directors (directly or comparable governing body) of such entitythrough one or more subsidiaries.

Subsidiary. The term “"Subsidiary” means any corporation" shall mean an entity in which the Company owns or otherwise controls, limited liability companydirectly or indirectly through one or more intermediaries, partnership 50% or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority more of the voting power of the board of directors (or comparable governing body) of outstanding equity interests in such entity.

Subsidiary. The term “Subsidiary” means shall mean any corporation, limited liability company, partnership or other entity corporation with respect to which another a specified entity Person (or a Subsidiary thereof) owns a majority of the common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Subsidiary. The term “Subsidiary” means shall mean any corporation, trust, general or limited partnership, limited liability company, partnership limited liability partnership, firm, company or other entity with respect to business enterprise which another specified entity has is Controlled by the power to vote Company through direct ownership of the stock or direct the voting of sufficient securities to elect directors (or comparable authorized persons other proprietary interests of such entitybusiness enterprise or indirectly through the ownership of stock or other proprietary interests in one (1) having a majority or more other business enterprises which are connected with the Company by means of the voting power one (1) or more chains of the board business enterprises that are connected by ownership of directors (stock or comparable governing body) of such entityother proprietary interests.

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entity (or, in the case of Nevada Property 1 LLC, with respect to which another specified entity has a majority of the economic ownership interests in such entity).

Subsidiary. The term “Subsidiary” " means with respect to any specified Person, corporation, limited liability company, partnership or other legal entity with respect to of which another specified entity has such Person or its Subsidiaries owns, directly or indirectly, more than 50% of the power stock or other equity interest entitled to vote or direct on the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority election of the voting power members of the board of directors (or comparable similar governing body) of such entity.

Subsidiary. The term “Subsidiary” means any corporationshall mean an entity in which the Company owns or otherwise controls, limited liability companydirectly or indirectly through one or more intermediaries, partnership 50% or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority more of the voting power of the board of directors (or comparable governing body) of outstanding equity interests in such entity.

Subsidiary. The term “Subsidiary” means shall refer to (a) a corporation (or equivalent legal entity under foreign law) of which another Person owns directly or indirectly more than 50% of the stock, the holders of which are ordinarily and generally, in the absence of contingencies or understandings, entitled to vote for the election of directors, (b) any corporation, limited liability company, partnership company in which such Person owns directly or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority indirectly more than 50% of the voting power of the board of directors membership interests, and (c) any partnership in which such other Person owns directly or comparable governing body) of such entityindirectly more than a 50% interest.

Subsidiary. The term “Subsidiary” means means, with respect to any person or entity, any corporation, limited liability company, partnership association or other entity with respect to of which another specified more than 50% of the combined voting power is owned, directly or indirectly, by such person or entity has the power to vote and one or direct the voting of sufficient securities to elect directors (or comparable authorized persons more other Subsidiaries of such entity) having a majority of the voting power of the board of directors (person or comparable governing body) of such entity.

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote shares of stock or direct the voting other indicia of sufficient securities to elect directors (or comparable authorized persons of such entity) having ownership possessing a majority of the ordinary voting power of in electing the board of directors (directors, or comparable governing body) exercising corresponding control in the case of such a non-corporate entity, is, at the time as of which any determination is being made, owned by the Company either directly or indirectly through one or more Subsidiaries.

Subsidiary. The term “Subsidiary” means any corporationentity (other than the Company), limited liability companywhether domestic or foreign, partnership or other entity in an unbroken chain of entities beginning with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority Company if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests representing at least 50% of the total combined voting power of all classes of securities or interests in one of the board of directors (or comparable governing body) of other entities in such entitychain.

Subsidiary. The term “Subsidiary” means shall mean any corporation, limited liability companycompany or other entity, partnership in which the relevant Person directly or indirectly through subsidiaries or otherwise, beneficially owns 50% or more of the outstanding equity interests or other interests having the right to elect directors or managers or which the relevant Person, directly or indirectly, otherwise controls or has the right to control, and each partnership, joint venture or other entity with respect to in which another specified entity the relevant Person has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entityany interest.

Subsidiary. The term “Subsidiary” means " shall mean any corporation, limited liability company---------- partnership, joint venture or other entity of which a party, directly or indirectly, owns Voting Stock sufficient to elect a majority of the Board of Directors (or persons performing similar functions) (irrespective of whether at the time any other class or classes of ownership interests of such corporation, partnership or other entity with respect to which another specified entity has the power to vote shall or direct the voting of sufficient securities to elect directors (or comparable authorized persons of might have such entity) having a majority of the voting power upon the occurrence of the board of directors (or comparable governing body) of such entityany contingency).

Subsidiary. The term “Subsidiary” " means any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote shares of stock or direct the voting other indicia of sufficient securities to elect directors (or comparable authorized persons of such entity) having ownership possessing a majority of the ordinary voting power of in electing the board of directors (directors, or comparable governing body) exercising corresponding control in the case of such a non-corporate entity, is, at the time as of which any determination is being made, owned by the Company either directly or indirectly through one or more Subsidiaries.

Subsidiary. The term “"Subsidiary” ," as of any time, means any corporation, limited liability companybank, partnership partnership, or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power control of which is directly or indirectly owned or controlled at that time by Key or, after a Change of Control, by the board of directors (or comparable governing body) of such entitySurviving Entity.

Subsidiary. The term “Subsidiary” means shall mean any corporation, limited liability company, partnership company or other entity with respect to of which another specified entity has the power to vote shares of stock or direct the voting of sufficient other equity securities to elect directors (or comparable authorized persons of such entity) having possessing at least a majority of the general voting power of electing the board of directors (or comparable other governing body) body are, at the time as of such entitywhich any determination in being made, owned by the Corporation, whether directly or indirectly through one or more Subsidiaries.

Subsidiary. The term “Subsidiary” means with respect to any specified Person, corporation, limited liability company, partnership or other legal entity with respect to of which another specified entity has such Person or its Subsidiaries owns, directly or indirectly, more than 50% of the power stock or other equity interest entitled to vote or direct on the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority election of the voting power members of the board of directors (or comparable similar governing body) of such entity.

Subsidiary. The term “Subsidiary” " of a company means any corporation, limited liability company, partnership a corporation or other entity with respect to of which another specified entity has more than fifty percent (50%) of the power stock or other equity interests entitled to vote or direct for the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board election of directors (or comparable equivalent governing body) of body is owned by that company , but such entitycorporation or other entity shall be deemed to be a Subsidiary only so long as such ownership exists.

Subsidiary. The term “Subsidiary” " means any corporationeither (a) a corporation or other ---------- entity in which at all times more than fifty percent (50%) of the stock or other equity interests entitled to vote for the election of directors or equivalent governing body is owned by a party; or (b) subject to written approval by the other party, limited liability company, partnership a corporation or other entity with respect in which a party has effective management control but, due to which another specified entity has governmental restrictions or other business reasons, owns less than fifty percent (50%) of the power stock or other equity interests entitled to vote or direct for the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board election of directors (or comparable equivalent governing body) of such entity.

Subsidiary. The term “Subsidiary,” as of any time, means any corporation, limited liability companybank, partnership partnership, or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power control of which is directly or indirectly owned or controlled at that time by Key or, after a Change of Control, by the board of directors (or comparable governing body) of such entitySurviving Entity.

Subsidiary. The term “Subsidiary” means any corporationshall mean, limited liability company, partnership or other entity with respect to a specified Person, any corporation or other Person of which another such specified entity has Persons owns, beneficially or of record, securities or other interests having the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the that corporation’s or other Person’s board of directors (or comparable similar governing body, or otherwise having the power to direct the business or policies of that corporation or other Person (other than securities or other interests having such power only upon the happening of a contingency that has not occurred) of such entityare held by the specified Person or one or more Subsidiaries.

Subsidiary. The term “Subsidiary” means shall mean any corporation, partnership, limited liability company, partnership limited liability partnership, joint venture, or other legal entity of which the specified Person (either alone and/or through and/or together with respect to which another specified entity has the power to vote any other Subsidiary) owns, directly or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority indirectly, more than 50% of the voting power stock or other equity or partnership interests the holders of which are generally entitled to vote for the election of the board of directors (or comparable other governing body) , of such entitylegal entity or of which the specified Person controls the management.

Subsidiary. The term “Subsidiary” Subsidiary means any corporation, limited liability company, partnership company in respect of which the Insured or other entity with respect to which another specified entity has the power to vote parent (either directly or direct indirectly through one or more of its subsidiary companies): a) controls the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power composition of the board of directors (or comparable governing body) of such entity.directors; or

Subsidiary. The term “Subsidiary” means any corporationshall mean, limited liability company, partnership or other entity with respect to a specified Person, any corporation or other Person of which another such specified entity has Persons owns, beneficially or of record, securities or other interests having the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the that corporation's or other Person's board of directors (or comparable similar governing body, or otherwise having the power to direct the business or policies of that corporation or other Person (other than securities or other interests having such power only upon the happening of a contingency that has not occurred) of such entityare held by the specified Person or one or more Subsidiaries.

Subsidiary. The term “"Subsidiary” " means any corporation, partnership, limited liability company, partnership company or other entity with respect to of which another specified entity has the power Company or the Buyer, as the case may be, beneficially owns, directly or indirectly, 50% or more of the outstanding voting securities ordinarily entitled to vote or direct for the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board election of directors (or comparable governing body) of such entitypersons performing similar functions).

Subsidiary. The term “word "Subsidiary” " means any a subsidiary of the Borrower, which includes, but is not limited to, a corporation, partnership, limited liability company, partnership or other entity with respect to in which another specified entity has the Borrower directly or indirectly owns or controls the shares of stock or other ownership interests having ordinary voting power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or appoint other comparable governing bodymanagers) of such corporation, partnership, limited liability company, or other entity.

Subsidiary. The term “Subsidiary” means shall mean any corporation, corporation or limited liability company, partnership or other entity with respect to company of which another specified entity has the power to vote or direct the voting of sufficient Company owns securities to elect directors (or comparable authorized persons of such entity) having a majority of the ordinary voting power of in electing the board of directors (or comparable governing body) of such entitymanagers directly or through one or more subsidiaries.

Subsidiary. The term “Subsidiary” " means any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote units of stock or direct the voting other Units of sufficient securities to elect directors (or comparable authorized persons of such entity) having ownership possessing a majority of the ordinary voting power of in electing the board of directors (directors, or comparable governing body) exercising corresponding control in the case of such a non-corporate entity, is, at the time as of which any determination is being made, owned by the Company either directly or indirectly through one or more Subsidiaries.

Subsidiary. The term “Subsidiary” " means any corporation, limited liability company, partnership or other entity corporation with respect to which another a specified entity Person (or a Subsidiary thereof) owns a majority of the common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Subsidiary. The term “"Subsidiary” means any ", when used herein, shall mean a corporation, limited liability companycompany or business trust, partnership or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power shares or percentage of the board ownership interest of directors (which is owned directly or comparable governing body) of such entityindirectly by the BORROWER.

Subsidiary. The term “Subsidiary” means with respect to any specified Person, any corporation, any limited liability company, any partnership or other legal entity with respect to of which another specified entity has the power to vote such Person owns, directly or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having indirectly, a majority of votes entitled to be cast in the voting power election of the members of the board of directors (or comparable similar governing body) of such entity.

Subsidiary. The term “"Subsidiary” means any corporation, limited liability company, partnership or other entity ," with respect to a ---------- Specified Person, shall mean a corporation or other legal entity which another specified entity such person beneficially owns, controls or has the power ability to control, directly or indirectly, (a) in excess of fifty percent (50%) of the stock, the holders of which are ordinarily and generally, in the absence of contingencies, entitled to vote or direct for the voting election of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power directors or (b) in excess of fifty percent (50%) of the board of directors (or comparable governing body) of such entityaggregate total ownership thereof.

Subsidiary. The term word “Subsidiary” means any a corporation, limited liability company, partnership or other entity with respect to which another specified entity has of whose shares of stock, units, or other ownership interests having ordinary voting power (other than stock or other ownership interest having such power only by reason of the power to vote or direct the voting happening of sufficient securities a contingency) to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitycorporation, are owned, directly or indirectly, by Borrower.

Subsidiary. The term “Subsidiary” Subsidiary means any corporation, limited liability companyassociation, partnership trust, or other entity with respect to business entity, of which another specified entity has the power designated parent shall at any time own or control directly or indirectly through a Subsidiary or Subsidiaries at least a majority (by number of votes) of the outstanding shares of capital stock (or other shares of beneficial interest) entitled ordinarily to vote or direct for the voting election of sufficient securities to elect such business entity's directors (or comparable authorized persons in the case of such entity) having a majority business entity that is not a corporation, for those Persons exercising functions similar to directors of the voting power of the board of directors (or comparable governing body) of such entitya corporation).

Subsidiary. The term “Subsidiary” " means any banking association, corporation, limited liability companycorporation, partnership partnership, or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power control of which is directly or indirectly owned or controlled at the board of directors (or comparable governing body) of such entitytime by the Corporation.

Subsidiary. The term “"Subsidiary” means " shall mean, with reference to any corporationPerson, limited liability company, partnership or other entity with respect to any corporation of which another specified entity has the power to vote or direct the an amount of voting of securities sufficient securities to elect directors (or comparable authorized persons of such entity) having at least a majority of the voting power of the board of directors (or comparable governing body) of such entitycorporation is beneficially owned, directly or indirectly, by such Person, or otherwise controlled by such Person.

Subsidiary. The term “Subsidiarysubsidiary” means shall mean any corporation, limited liability company, partnership or other entity with respect to which another a specified entity Person (or a Subsidiary thereof) owns a majority of the equity or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable other governing body) of such entityboard.

Subsidiary. The term “Subsidiary” means any corporationmeans, limited liability company, partnership or other entity with respect to any Person, any other Person (i) in which another specified entity has the power to vote such Person owns directly, or direct the voting of sufficient securities to elect directors indirectly through one or more subsidiaries, more than fifty percent (or comparable authorized persons of such entity50%) having a majority of the voting or beneficial interest, or (ii) which such Person otherwise has the right or power to control (whether by contract, through ownership of securities or otherwise). The term “Subsidiaries” shall have the board of directors (or comparable governing body) of such entitycorrelative plural meaning.

Subsidiary. The term “Subsidiary” Subsidiary means any corporation, limited liability company, partnership a Corporation or other business entity with respect to which another specified entity has that the power to vote Corporation directly or direct the voting of sufficient securities to elect directors indirectly, through one or more intermediaries, controls fifty percent (50%) or comparable authorized persons of such entity) having a majority more of the voting power of the board of directors (or comparable governing body) equity of such entitycorporation.

Subsidiary. The term “Subsidiary” means any corporation, limited liability companypartnership, partnership joint venture, or other entity in which the Company has a majority voting interest; provided, however, that with respect to which another specified ISOs, the term “Subsidiary” shall include only an entity has that qualifies under Code Section 424(f) as a “subsidiary corporation” with respect to the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entityCompany.

Subsidiary. The term “"Subsidiary” " means any corporation, limited liability company, partnership corporation or other entity with respect to in which another specified entity has the power to vote or direct Company and/or any Subsidiary of the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having Company owns a majority of the outstanding voting power of the board of directors (securities or comparable governing body) of such entityoutstanding voting interests.