Subsidiary Definition Example

This example Subsidiary definition appears in 2 contracts from 1 company

Subsidiary. Any corporation in an unbroken chain of corporations beginning with the Company if each of the corporations other than the last corporation in the unbroken chain owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in the chain. The "Subsidiaries" means more than one of any such corporations
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