Granting Subsidiary

Granting Subsidiary. Shall mean: (a) any Controlled Subsidiary with respect to which a Party has taken all steps necessary to bind that Controlled Subsidiary to the obligations, covenants, licenses and other terms of this Agreement, as such steps are further set forth in Subsection 3.4(a)(1), for so long as such Controlled Subsidiary remains so bound and continues to meet the requisite conditions for being a Controlled Subsidiary (subject to the terms of, among other provisions of this... Agreement, Section 3.4(g)); and (b) any Minority Subsidiary who has elected and taken all steps necessary to be bound by the obligations, covenants, licenses and other terms of this Agreement, as such steps are further set forth in Subsection 3.4(b), for so long as such Minority Subsidiary meets the requisite conditions for being a Minority Subsidiary (subject to the terms of, among other provisions of this Agreement, Section 3.4(g)). For clarity, "Intel Granting Subsidiary" shall mean a Controlled Subsidiary or Minority Subsidiary of Intel that is a Granting Subsidiary and "Transmeta Granting Subsidiary" shall mean a Controlled Subsidiary or Minority Subsidiary of Transmeta that is a Granting Subsidiary. For additional clarity, the term "Granting Subsidiary" shall include all Intel Covered Subsidiaries and Transmeta Covered Subsidiaries, but the terms "Intel Covered Subsidiary" and "Transmeta Covered Subsidiary" shall include only those Granting Subsidiaries that meet the requisite conditions for qualifying as Covered Subsidiaries under the definition set forth in Section 1.8. View More