Subsidiary Definition Example

This example Subsidiary definition appears in 3 contracts from 1 company

Subsidiary. Any corporation, whether now or hereafter existing (other than the Company), 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 more than 50% of the total combined voting power of all classes of stock in one of the other corporations in such chain.
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