Common use of Wholly-Owned Subsidiaries Clause in Contracts

Wholly-Owned Subsidiaries. Nothing herein shall be construed as preventing the amalgamation, merger or sale of any wholly-owned subsidiary of the Parent with or into the Parent, the winding-up or merger of any wholly-owned subsidiary of the Parent with or into the Parent, or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of the Parent, and nothing herein shall prohibit the Parent in any manner whatsoever from selling, transferring or otherwise disposing of any and all of the assets of the Parent including, without limitation, any and all of the assets of such subsidiary provided that all of the assets of such subsidiary are transferred to the Parent or another wholly-owned subsidiary of the Parent.

Appears in 6 contracts

Samples: Share Exchange and Share Purchase Agreement (Actionview International Inc), Exchange and Voting Agreement (I Tech Holdings Inc), Share Exchange and Share Purchase Agreement (Sierra Gigante Resources Inc)

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Wholly-Owned Subsidiaries. Nothing herein shall be construed as preventing the amalgamationshare exchange, merger or sale of any wholly-owned subsidiary of the Parent with or into the Parent, the winding-up or merger of any wholly-owned subsidiary of the Parent with or into the Parent, or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of the Parent, and nothing herein shall prohibit the Parent in any manner whatsoever from selling, transferring or otherwise disposing of any and all of the assets of the Parent including, without limitation, any and all of the assets of such subsidiary provided that all of the assets of such subsidiary are transferred to the Parent or another wholly-owned subsidiary of the Parent.

Appears in 1 contract

Samples: Exchange and Voting Agreement (Internet Food Co Inc)

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