Subsidiary

Subsidiary. Means any corporation, partnership, limited liability company, joint venture, trust, or other legal entity of which Borrower owns directly or indirectly 50% or more of the outstanding voting stock or interest, or of which Borrower has effective control, by contract or otherwise.

Subsidiary. Means any Person with respect to which a specified Person (and/or any Subsidiary thereof) owns a majority of the equity securities or other equity interests or has the power to elect a majority of that Person's board of directors or similar governing body, or otherwise has the power, directly or indirectly, to direct the business and policies of that Person.

Subsidiary. Means, with respect to any Person, any other Person, whether or not incorporated, of which at least 50% of the securities or interests having, by their terms, ordinary voting power to elect members of the board of directors, or other persons performing similar functions with respect to such other Person, are held, directly or indirectly, by such first Person.

Subsidiary. Means any corporation or other entity with respect to which a specified Person (or a Subsidiary thereof) owns a majority of the common stock or other voting equity securities or has the power to vote or direct the voting of securities entitled to vote generally in the election of directors (or other governing body members) sufficient to elect a majority of the directors (or other governing body members).

Subsidiary. Shall mean, in respect of any Person, any other Person Controlled by such Person.

Subsidiary. Any business enterprise, whether or not incorporated, of which the Parent Company, directly or indirectly (either alone or in conjunction with one or more other subsidiaries), owns at least 80% of the equity interest.

Subsidiary. Or "Subsidiaries" shall mean any corporation, limited liability company, general or limited partnership, joint venture, business trust, unincorporated association or other business enterprise or entity controlled by a person, directly or indirectly through one or more intermediaries.

Subsidiary. Means any corporation in which the Company, directly or indirectly, owns stock possessing 50% or more of the total combined voting power of all classes of stock of such corporation.

Subsidiary. Means (i) any corporation in an unbroken chain of corporations beginning with Seller if each of the corporations other than the last corporation in the unbroken chain then owns any shares of the capital stock in one of the other corporations in such chain, (ii) any partnership in which Company is a general partner, or (iii) any partnership in which Company or any Subsidiary is a general or a limited partner.

Subsidiary. Shall mean any corporation, partnership, business trust, joint venture or other business entity in which the Company owns, directly or indirectly through Subsidiaries, at least 50% of the beneficial interests or total combined voting power of all classes of equity.