Examples of Corporation Subsidiary in a sentence
The properties and assets in which the Corporation or a Corporation Subsidiary has a direct or indirect economic interest are insured against loss or damage with responsible insurers on a basis consistent with insurance obtained by reasonably prudent participants in comparable businesses, and such coverage is in full force and effect, and the terms of any policies in respect thereof have not been breached and the insured has not failed to promptly give any notice or present any material claim thereunder.
Without limiting the generality of the foregoing, to the knowledge of the Corporation, neither the Corporation or any Corporation Subsidiary, nor any of their respective employees or agents, has violated FCPA Legislation.
There is no outstanding judgement, order, decree, arbitral award or decision of any court, tribunal or other Governmental Authority against the Corporation or any Corporation Subsidiary (other than CDZ) and, to the Corporation’s knowledge, against CDZ.
To the best of the Corporation’s knowledge, there are no union organizing efforts being made at the Corporation or any Corporation Subsidiary.
Neither the Corporation nor any Corporation Subsidiary (other than CDZ) has received, and, to the knowledge of the Corporation, CDZ has not received, any notice of proceedings relating to the revocation or modification of any such Governmental Licenses.
As of the date hereof, other than as described in Schedule “B” to this Agreement and other than pursuant to this Agreement, there are no Outstanding Convertible Securities of the Corporation or any Corporation Subsidiary.
The Corporation and each Corporation Subsidiary (other than CDZ), and, to the knowledge of the Corporation, CDZ, is in compliance with the terms and conditions of all such Governmental Licenses, and is not in violation of, or in default under, applicable Laws (including Environmental Laws) of any Governmental Authorities having, asserting or claiming jurisdiction except where such non-compliance, violation or default would not reasonably be expected to have a Material Adverse Effect.
Neither the Corporation nor any Corporation Subsidiary has guaranteed or otherwise given security for or agreed to guarantee or give security for any liability, debt or obligation of any other person.
Neither the Corporation nor any Corporation Subsidiary is a party to or bound or affected by any Contract containing any covenant which expressly limits the freedom of the Corporation or any Corporation Subsidiary to compete in any line of business, transfer or move any of its assets or operations or which materially or adversely affects the consolidated business practices, operations or condition of the Corporation, except as disclosed in the Corporation’s Information Record.
Neither the Corporation nor any Corporation Subsidiary is a party to a collective bargaining agreement.