Examples of California Subsidiaries in a sentence
All of the outstanding shares of capital stock of each of the corporate California Subsidiaries are fully paid and non-assessable.
Notwithstanding any other provision of this Agreement, in order to facilitate and reduce the administrative burden of Buyer’s acquisition of the California Company and the California Subsidiaries, Seller Parties may undertake a reorganization of the California Company and the California Subsidiaries, provided that such reorganization does not create any adverse tax consequences or any materially adverse consequences to the Buyer or the Parent.
To the extent that the California Company and the California Subsidiaries become subsidiaries of the Company, Buyer and Parent will no longer purchase the California Interest directly and this Agreement shall be deemed to have been amended accordingly.
Such reorganization may include such entities becoming subsidiaries of the Company and/or Seller Parties may elect to treat the California Company and/or the California Subsidiaries as corporations for U.S. federal and state income tax purposes.
The California Company owns all of its equity interest in the California Subsidiaries free and clear of all Encumbrances.
The California Company does not own or have any interest in any shares or have an ownership interest in any other Person other than the California Subsidiaries.
We have relied upon the opinion of Baker & Hostetler LLP, California counsel to the California Subsidiaries, as to matters of California law governing the corporate power of the California Subsidiaries to enter into and perform the Indenture and the due authorization by such parties of the Indenture.
To the extent that a California Subsidiary delegates any function or responsibility that is the Subsidiary’s obligation under the Xxxx-Xxxxx Act, the oversight standards shall require all delegation agreements between each of the California Subsidiaries and their delegates to include provisions requiring the delegating health plan to document, track and evaluate all delegated functions to ensure the delegate’s operations are appropriate, effective and comply with applicable Xxxx-Xxxxx Act requirements.
If Centene and its California Subsidiaries fail to pay within the required timeframe, a fee of $500 per day or 1% of the total penalty in the LOA, whichever is greater, shall accrue beginning the day after the due date until the penalty is paid in full.
After the closing date of the Acquisition, if the Parties desire to amend, change, terminate or replace their tax sharing agreements, as previously filed with and approved by the Department, the California Subsidiaries, as applicable, shall file any changes to those tax sharing agreements as a Notice of Material Modification in accordance with the standards set forth in Health and Safety Code section 1352 and Rule 1300.52.4.