Indirect Subsidiaries definition
Examples of Indirect Subsidiaries in a sentence
All such Income Tax Returns shall be prepared in a manner consistent with Past Practice of the Transferred Subsidiaries and the Indirect Subsidiaries in preparing their applicable Tax Returns (unless otherwise required by applicable Law).
Except as may be noted on Disclosure Schedule 3.19(a), one or more of the Transferred Subsidiaries and the Indirect Subsidiaries owns all, right, title, and interest, free and clear of all Encumbrances (other than the Permitted Encumbrances) in the Business Intellectual Property listed on Disclosure Schedule 3.19(a).
Without limiting any of the foregoing, other than to the extent included in the Business Intellectual Property, there are no Patent Rights owned by Mallinckrodt UK or any of its Affiliates (other than the Transferred Subsidiaries and the Indirect Subsidiaries), that are used in or necessary for the conduct of the Business.
None of the Transferred Subsidiaries or Indirect Subsidiaries has waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency which waiver or extension is still in effect.
All material Business Assets will be available for use by the Transferred Subsidiaries and Indirect Subsidiaries as of the Closing in accordance with the terms of this Agreement.