Minority Subsidiary definition

Minority Subsidiary means a Subsidiary whose accounts would be consolidated with those of its parent (as defined in the definition of Subsidiary) as provided in the definition of Subsidiary, but the parent owns securities or other ownership interests representing less than 50% of the equity or less than 50% of the ordinary voting power or, in the case of a partnership, less than 50% of the general partnership interests.

Minority Subsidiary means all corporations and other entities Related to the Business with respect to which less than 50% of the voting shares or other voting equity interests are owned directly or indirectly by Seller.

Minority Subsidiary means any Person whose Equity Interests are owned, held or Controlled directly or indirectly by another Person, but who is not a Subsidiary of such other Person.

Examples of Minority Subsidiary in a sentence

• DISCLAIMERS: ----------- The representations and warranties set forth in this Article III shall not apply with respect to any Minority Subsidiary or the Excluded Businesses.

• None of Seller, WWTI, the Subsidiaries (other than any Minority Subsidiary) or Divisions (as the case may be) is in Default thereunder nor, to the knowledge of Seller, is any other party to any such instrument in Default thereunder, nor, to the knowledge of Seller, does any condition exist that, with the giving of notice or lapse of time or both, would constitute a Default thereunder, which Default could reasonably be expected to have a Material Adverse Effect.

• None of Seller, WWTI, (with respect to the Business) or the Subsidiaries (other than any Minority Subsidiary) is subject to any contractual restriction that prohibits it from carrying on the Business in the areas of the world where the Business has been conducted, except for such restrictions that could not reasonably be expected to have a Material Adverse Effect.

• No representation is made, and all representations, express, implied or otherwise, are disclaimed, with respect to any Minority Subsidiary including, without limitation, the operations, assets, capitalization, stock or liabilities thereof.

• All of the finished goods inventories of the Subsidiaries (other than any Minority Subsidiary) or Divisions are, net of reserves on the Balance Sheet, saleable in the ordinary course of the business within a reasonable time.

More Definitions of Minority Subsidiary

Minority Subsidiary means a Subsidiary whose accounts would be consolidated with those of its parent (as defined in the definition of Subsidiary) as provided in the definition of Subsidiary, but the parent (a) does not own the minimum amount set forth in clause (a) of the definition of Subsidiary, or (b) does not Control the Subsidiary as set forth in clause (b) of the definition of Subsidiary.

Minority Subsidiary means any entity in which a Person, directly or indirectly, beneficially owns 50% or less of the Equity Securities.

Minority Subsidiary means a Subsidiary whose accounts are consolidated

Minority Subsidiary means, with respect to the Company, any corporation or other organization, whether incorporated or unincorporated, of which at least 20 percent of the outstanding voting stock or other equity interest entitled ordinarily to vote in the election of the directors or other governing body (however designated) of such corporation or organization is at the time directly or indirectly owned or controlled by the Company or by any one or more of its wholly owned Subsidiaries, but shall not include any Company Subsidiary.

Minority Subsidiary means any corporation or other entity, whether domestic or foreign, in which CoActive has or obtains, directly or indirectly, a proprietary interest of 50% or less by reason of stock ownership or otherwise.

Minority Subsidiary means when used with respect to any Person, any other Person that such Person directly or indirectly owns or has the power to vote or control more than 30% but less than 50% of the voting stock or other interests the holders of which are generally entitled to vote for the election of the board of directors or other applicable governing body of such other Person.

Minority Subsidiary means a Subsidiary that is not a Controlled Subsidiary.