Former Subsidiary definition

Former Subsidiary means any former subsidiary of the Company that ceases to be as such due to a Spin-Off.

Former Subsidiary means Praise U.S. Holdings, Inc., a Delaware corporation.

Former Subsidiary has the meaning assigned to it in Section 4.2.

Examples of Former Subsidiary in a sentence

• However, if a Subsidiary of a party that holds any patent or utility model or applications therefor that are subject to the rights and licenses granted or covenants made hereunder becomes a Former Subsidiary, such rights and licenses granted or covenants made by such Former Subsidiary (including every successor entity in interest to any such patents or utility models and applications therefor) shall continue in accordance with the terms of this Agreement after such entity becomes a Former Subsidiary.

• However, if a Subsidiary of a Party that holds any Patent that is subject to the rights, licenses and covenants granted hereunder becomes a Former Subsidiary, such rights, licenses and covenants granted by such Former Subsidiary (including every successor entity in interest to any such Patents) shall continue in accordance with the terms of this Agreement after such entity becomes a Former Subsidiary.

More Definitions of Former Subsidiary

Former Subsidiary means a Subsidiary that agreed to be bound by the terms and conditions of this Agreement and thereafter ceased to meet all requirements of the definition of Subsidiary set forth herein, so long as, on the date upon which the Former Subsidiary ceased to meet the definition of Subsidiary, the Former Subsidiary has all of the following:

Former Subsidiary means a corporation, partnership, limited liability company or other entity that, after meeting all the requirements of being a Subsidiary, ceased to meet all the requirements of a Subsidiary, so long as, immediately prior to the date upon which that Subsidiary ceased to meet such requirements, that Subsidiary has all of the following: (a) a line of marketable products; and (b) Patent Rights or other intellectual property relating to such line of marketable products; and (c) tangible assets of at least $25,000,000 USD.

Former Subsidiary means any entity that ceases to be a Subsidiary of a party during the term of this Agreement.

Former Subsidiary means GIDI Holdings, Inc., an Illinois corporation, and a former wholly owned subsidiary of Pledgor.

Former Subsidiary means Donegal Partners, LLC, a Maryland limited liability company.

Former Subsidiary means a Person that, after meeting all the requirements of being a Covered Subsidiary set forth in Section 1.8 (including without limitation agreeing to be bound by the terms of this Agreement), ceased to meet all the requirements of being a Subsidiary set forth in Section 1.19.

Former Subsidiary any person which was an Affiliate of any Group Company at any time prior to the date hereof and is not an Affiliate at the date hereof, including, without prejudice to the generality of the foregoing, Korona BV, Ervex Xxxxxxx XX (formerly Torag Trading BV) Momm Jewels BV, Torag Trading S.A.R.L., Print House c.s. Ltd, NV Buxushof, NV Lay-out Engineering and Lambxxxx X.X;