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Common use of Wholly-Owned Subsidiaries Clause in Contracts

Wholly-Owned Subsidiaries. Nothing herein shall be construed as preventing the combination of any wholly-owned direct or indirect subsidiary of USCo with or into USCo or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of USCo provided that all of the assets of such subsidiary are transferred to USCo or another wholly-owned direct or indirect subsidiary of USCo and any such transactions are expressly permitted by this Article 10.

Appears in 4 contracts

Samples: Voting and Exchange Trust Agreement (SimplePons, Inc.), Voting and Exchange Trust Agreement (SimplePons, Inc.), Voting and Exchange Trust Agreement (Quinko-Tek International, Inc.)

Wholly-Owned Subsidiaries. Nothing herein shall be construed as preventing the combination of any wholly-owned direct or indirect subsidiary of USCo with or into USCo or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of USCo provided that all of the assets of such subsidiary are transferred to USCo or another wholly-owned direct or indirect subsidiary of USCo USCo, and further provided that such subsidiary shall not include AcquisitionCo and Callco for the purpose of this Section 3.3, and any such transactions are expressly permitted by this Article 103.

Appears in 3 contracts

Samples: Support Agreement (SimplePons, Inc.), Support Agreement (SimplePons, Inc.), Support Agreement (Quinko-Tek International, Inc.)

Wholly-Owned Subsidiaries. Nothing herein shall be construed as preventing the combination of any wholly-owned direct or indirect subsidiary of USCo with or into USCo or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of USCo provided that all of the assets of such subsidiary are transferred to USCo or another wholly-owned direct or indirect subsidiary of USCo USCo, and further provided that such subsidiary shall not include AcquisitionCo and Calico for the purpose of this Section 3.3, and any such transactions are expressly permitted by this Article 10ARTICLE 3.

Appears in 1 contract

Samples: Support Agreement (Foodfest International 2000 Inc.)