Controlled Subsidiary

Controlled Subsidiary. With respect to any Person, an Affiliate at least a majority of the Voting Securities and other equity interests of which are owned, directly or indirectly, by such Person.

Controlled Subsidiary. Shall mean any Subsidiary in which a Party owns or controls (either directly or indirectly) any of the following: (a) if such entity has voting shares or stock or other voting securities, more than fifty percent (50%) of the outstanding shares or stock or securities entitled to vote for the election of directors or similar managing authority; or (b) if such entity does not have voting shares or stock or other voting securities, more... than fifty percent (50%) of the ownership interest that represents the right to make decisions for such entity; or (c) any other ability to elect more than fifty percent (50%) of the board of directors or similar managing authority of the subject entity, whether by contract or otherwise. For clarity, "Intel Controlled Subsidiary" shall mean a Subsidiary of Intel that is a Controlled Subsidiary, and "Transmeta Controlled Subsidiary" shall mean a Subsidiary of Transmeta that is a Controlled Subsidiary. For additional clarity, any event causing a Person that was once a Controlled Subsidiary to no longer meet the requisite conditions of being a Controlled Subsidiary as set forth in this Section 1.6, whether by Change of Control or otherwise, shall render such Person to be no longer a Controlled Subsidiary. View More

Controlled Subsidiary. Means a corporation with at least fifty percent (50%) of its outstanding capital stock owned directly or indirectly by HMI.