Key Subsidiaries definition
Examples of Key Subsidiaries in a sentence
Other than the Key Subsidiaries, the Company has no subsidiary that would constitute a “significant subsidiary” as such term is defined in Rule 1-02 of Regulation S-X.
The Company shall and shall ensure that each of its Key Subsidiaries shall institute, maintain and comply with internal policies, procedures and controls for AML/CFT consistent with its business and customer profile, in compliance with national laws and regulations, and in furtherance of applicable international AML/CFT best practices.
However, in no case shall the Founders sell, grant, pledge, create encumbrance over or otherwise dispose of the equity or interests in the Key Subsidiaries of the Group Company, except for the purposes of the QIPO, performance of this Agreement and normal business needs.
None of the Company or any of the Key Subsidiaries, nor any Person acting on its behalf, has made, with respect to any transaction contemplated by the Transaction Documents, any Sanctionable Practice.
The Company hereby represents and warrants to the IFC Parties that each of the statements contained in this Section 6.01 are true, accurate and not misleading with respect to the Company and/or each of the Key Subsidiaries, as the case may be, as of the date of this Agreement and as of the Effective Date.