797 Subsidiary

Example Definitions of "797 Subsidiary"
797 Subsidiary. A business entity to be formed by the Maker as a subsidiary of the Maker for purposes of domiciling the 797 Assets, which business entity shall be formed by the Maker, and which 797 Assets shall be contributed to the 797 Subsidiary by the Maker, in each case at such time that it is commercially reasonable for the Maker, in its sole judgment, to do so. This Note shall not be construed as creating any obligation on the part of the Maker to form the 797 Subsidiary.
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