{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "indirect-subsidiary", "type": "definition", "offset": [20, 39]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [48, 74]}, {"key": "legal-entity", "type": "definition", "offset": [99, 111]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [131, 153]}, {"key": "equity-interests", "type": "clause", "offset": [196, 212]}, {"key": "of-sellers", "type": "clause", "offset": [235, 245]}, {"key": "intercompany-obligations", "type": "clause", "offset": [293, 317]}, {"key": "consolidated-balance-sheet", "type": "definition", "offset": [410, 436]}, {"key": "of-the-sellers", "type": "clause", "offset": [485, 499]}, {"key": "disclosure-schedule", "type": "clause", "offset": [501, 520]}], "snippet": "means any direct or indirect Subsidiary (which, for the avoidance of doubt, shall only include any legal entity in which a Seller, directly or indirectly, owns greater than 50% of the 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8}, {"snippet_links": [{"key": "relevant-time", "type": "definition", "offset": [14, 27]}], "snippet": "means, at the relevant time:", "samples": [{"hash": "gw88kHmfP9t", "uri": "/contracts/gw88kHmfP9t#key-subsidiary", "label": "Subscription Agreement (Azure Power Global LTD)", "score": 26.954825462, "published": true}, {"hash": "hYry0fP9Ji8", "uri": "/contracts/hYry0fP9Ji8#key-subsidiary", "label": "Subscription Agreement (Azure Power Global LTD)", "score": 24.954825462, "published": true}], "size": 2, "hash": "ff9f677fee4b40b6e566ace301918ff5", "id": 9}, {"snippet_links": [{"key": "applied-technologies", "type": "definition", "offset": [19, 39]}, {"key": "south-africa", "type": "definition", "offset": [40, 52]}, {"key": "cash-paymaster", "type": "definition", "offset": [89, 103]}, {"key": "company-limited", "type": "clause", "offset": [210, 225]}, {"key": "financial-services", "type": "clause", "offset": [302, 320]}], "snippet": "means each of Net1 Applied Technologies South Africa 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only include any legal entity in which a Seller, directly or indirectly, owns greater than 50% of the outstanding Equity Interests in such legal entity) of Sellers (other than trusts) with assets (excluding any Intercompany Obligations) in excess of Two Hundred and Fifty Million Dollars ($250,000,000) as reflected on Parent\u2019s consolidated balance sheet as of March 31, 2009 and listed on Section 1.1C of the Sellers\u2019 Disclosure Schedule.", "title": "Key Subsidiary", "size": 50, "id": "key-subsidiary", "examples": ["The provisions for Taxes in the Financial Statements and the financial statements of other Group Companies are sufficient for the payment of all accrued and unpaid applicable Taxes of each <strong>Key Subsidiary</strong> and each Group Company, whether or not assessed or disputed as of the Balance Sheet Date.", "The Company hereby acknowledges that one (1) or more of the directors nominated by the Initial Investors to serve on the board of directors of the Company or any <strong>Key Subsidiary</strong> (each a \u201cFund Director\u201d) may have certain rights to indemnification, advancement of expenses and/or insurance provided by one or more of the Initial Investors and certain of their Affiliates (collectively, the \u201cFund Indemnitors\u201d).", "Such Strategic and Business Plan(s) of <strong>Key Subsidiary</strong> shall require approval of the respective Supervisory Board of <strong>Key Subsidiary</strong>, in accordance with this Agreement.", "All current employees, consultants and contractors of the Company and its Key Subsidiaries that have contributed to the conception or development of any Company IP have assigned all of their rights, title, and interest in such Company IP to the Company or a <strong>Key Subsidiary</strong>.", "No written notice has been received by the Company or any <strong>Key Subsidiary</strong> alleging the failure to hold any Material Permit.", "Each item of Intellectual Property owned or used by Key or any <strong>Key Subsidiary</strong> immediately prior to the Closing will be owned or available for use by Parent on no less favorable terms and conditions immediately subsequent to the Closing except to the extent Parent has agreed to modify such terms and conditions.", "The Company and each <strong>Key Subsidiary</strong> maintain all material permits, certificates, licenses, approvals, registrations and Authorizations of all Authorities (excluding all Educational Approvals) necessary and sufficient for the lawful operation of the business currently operated by the Company and each of the Key Subsidiaries (collectively the \u201cMaterial Permits\u201d).", "In the event that any <strong>Key Subsidiary</strong> is in material payment default under any of its respective material financing arrangements, then, subject to receipt of any necessary regulatory approvals, the parties shall take all steps reasonably necessary to appoint, or to cause the appointment of, a Chief Restructuring Officer for such <strong>Key Subsidiary</strong> selected by GOF for the period such default is ongoing.", "The Company and its Key Subsidiaries have taken commercially reasonable security measures to protect the confidentiality and value of all trade secrets and confidential and/or proprietary information owned, used, or held for use by the Company or a <strong>Key Subsidiary</strong>.", "All of the post-closing conditions including the transfer of the shares in the <strong>Key Subsidiary</strong> (Nexway AG), assignment of the loan owed by P8H Inc and completion of the Authorized Transactions should be finalized before or on September 30, 2019."], "related": [["subsidiary", "Subsidiary", "Subsidiary"], ["non-us-subsidiary", "Non-U.S. Subsidiary", "Non-U.S. Subsidiary"], ["spe-subsidiary", "SPE Subsidiary", "SPE Subsidiary"], ["parent-subsidiary", "Parent Subsidiary", "Parent Subsidiary"], ["jv-subsidiary", "JV Subsidiary", "JV Subsidiary"]], "related_snippets": [], "updated": 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