Subsidiary Definition Example with 6 Variations

Subsidiary. Means, as with respect to any Person, (i) any corporation more than 50% of whose stock fifty percent (50%) of any class or classes of the stock of which having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person and/or directly or... indirectly through one or more Subsidiaries of such Person and (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person and/or directly or indirectly through one or more Subsidiaries of such Person has more than a 50% fifty percent (50%) equity interest at the time. View More

Subsidiary. Means, means as to any Person, (i) any corporation of which more than 50% 20% of whose the outstanding stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power 3 4 by reason of the happening of any contingency) is at the time owned by such Person person and/or one or more Subsidiaries... of such Person person and (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person person and/or one or more Subsidiaries of such Person has person have more than a 50% 20% equity interest at the time. therein. View More

Subsidiary. Means, means, as to any Person, (i) any corporation more than 50% fifty percent (50%) of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person and/or one or more Subsidiaries subsidiaries of such... Person and (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person and/or one or more Subsidiaries subsidiaries of such Person has more than a 50% fifty percent (50%) equity interest at the time. time or which such Person has more than 50% of the voting power or otherwise has the right to control. View More

Subsidiary. Means, shall mean, as to any Person, (i) person, (A) any corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person person and/or one or more Subsidiaries of such Person person, (B) any limited liability company more than 50% of whose equity interests having by the terms thereof ordinary voting power to manage the operations of such limited liability company (irrespective of whether or not at the time interests of any class or classes of such limited liability company shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such person and/or one or more Subsidiaries of such person, and (ii) (C) any partnership, limited liability company, association, joint venture or other entity in which such Person person and/or one or more Subsidiaries of such Person has person have more than a 50% equity interest at the time. therein. View More

Subsidiary. Means, means, as to any Person, person, (i) any corporation more than 50% of whose stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person person and/or one or more Subsidiaries of such Person person and... (ii) any partnership, limited liability company, association, joint venture or other entity person in which such Person person and/or one or more Subsidiaries of such Person person has more than a 50% equity interest at the time. View More

Subsidiary. Means, means as to any Person, (i) any corporation of which more than 50% 20% of whose the outstanding stock of any class or classes having by the terms thereof ordinary voting power to elect a majority of the directors of such corporation (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person and/or one or more Subsidiaries of such... Person and (ii) any partnership, limited liability company, association, joint venture or other entity in which such Person and/or one or more Subsidiaries of such Person has have more than a 50% 20% equity interest at the time. therein. View More