Common use of WELLSFORD SUBSIDIARIES Clause in Contracts

WELLSFORD SUBSIDIARIES. (a) Schedule 2.2 to the Wellsford Disclosure Letter sets forth (i) each Subsidiary of Wellsford (the "Wellsford Subsidiaries"), (ii) the ownership interest therein of Wellsford, (iii) if not wholly-owned by Wellsford, the identity and ownership interest of other owners of such Wellsford Subsidiary, and (iv) each apartment community owned by such Subsidiary. As used in this Agreement, "Subsidiary" of any Person means any corporation, partnership, limited liability company, joint venture or other legal entity of which such Person (either directly or through or together with another Subsidiary of such Person) owns any of the capital stock or other equity interests of such corporation, partnership, limited liability company, joint venture or other legal entity. As used herein, "Person" means an individual, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated organization or other entity.