Subsidiary

Subsidiary. With respect to any party, means any corporation, company, or other entity of which more than fifty percent (50%) of its outstanding shares of capital stock (or other securities representing the right to vote for the election of directors or other managing authority) are owned or controlled directly or indirectly by such party.

Subsidiary. Means, as to any Person (a) a corporation of which outstanding shares of stock having ordinary voting power (other than stock having such power only by reason of the happening of a contingency) to elect a majority of the Board of Directors of such corporation are at the time owned, whether directly or through one or more intermediaries, or both, by such Person and (b) any partnership, limited liability company, association, joint venture or other business entity the controlling interest of... which is at the time owned, directly or through one or more intermediaries, or both, by such Person. View More

Subsidiary. Shall mean any corporation at least thirty percent (30%) of the total combined voting power of which is owned by the Corporation or by another subsidiary. Subsidiary shall also include any partnership, limited liability company or other independent business entity in which the Corporation has a controlling or majority interest.

Subsidiary. Means any corporation, partnership, limited liability company or other entity of which the Company directly or indirectly owns shares of stock or other ownership interests having ordinary voting power representing more than 50% of the voting power of such entity to vote on matters submitted to a vote of the stockholders, partners or members of such entity. -2-

Subsidiary. Means a subsidiary of the Corporation within the meaning of the Canada Business Corporations Act;

Subsidiary. Means, with respect to Payor: any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees of the corporation, association or other business entity is at the time owned or controlled, directly or indirectly, by Payor or one or more of the other Subsidiaries of Payor (or a combination thereof); and any... partnership (a) the sole general partner or the managing general partner of which is Payor or a Subsidiary of Payor or (b) the only general partners of which are Payor or one or more Subsidiaries of Payor (or any combination thereof). View More

Subsidiary. When referring to subsidiaries of the Company, means any entity that is majority owned, either directly or indirectly, by the Company or one or more of the Company's other subsidiaries.

Subsidiary. Means any majority owned or wholly owned subsidiary, or any entity over which a Party has control.

Subsidiary. Shall mean any corporation or other entity of which capital stock or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions is at the time directly or indirectly owned by the Borrower. For purposes hereof, "control" means the possession, directly or indirectly, of the power to direct or cause the direction of management and policies of corporations, partnerships or other business entities in which a... direct or indirect ownership interest exists, whether through the ownership of voting securities, by contract or otherwise. View More

Subsidiary. Shall mean with respect to any specified Person, any other Person (a) whose board of directors or similar governing body, or a majority thereof, may presently be directly or indirectly elected or appointed by such specified Person, (b) whose management decisions and corporate actions are directly or indirectly subject to the present control of such specified Person, or (c) whose voting securities or equity securities are more than fifty percent (50%) owned, directly or indirectly, by such... specified Person. View More