R2 Company definition
R2 Company has informed the holders of the Notes that, in order to obtain operational, administrative and financial benefits, Company desires to form two (2) new Subsidiaries which will be entirely owned by either Company or Company and other Subsidiaries. One such new Subsidiary will provide financing to Company and certain other Subsidiaries (the "Finance Sub") and the other will own certain intellectual property of Company which it will license to Company in consideration of certain royalty payments (the "Royalty Sub"). Company has represented and warranted to each holder of Notes as follows: