Common use of Definition of Subsidiary Clause in Contracts

Definition of Subsidiary. For purposes of this Paragraph 4 and for purposes of Paragraph 5 (Covenant Not to Compete) below, “subsidiary” of the Company means any corporation, partnership, joint venture, limited liability company or other entity of which (i) at least a majority of the securities or other interests having by their terms voting power to elect a majority of the board of directors or others performing similar functions for such entity is directly or indirectly beneficially owned by the Company (either alone or through or together with one or more of its subsidiaries), or (ii) the Company or any subsidiary of the Company is a general partner or manager.

Definition of Subsidiary. For purposes of this Paragraph 4 ------------------------ and for purposes of Paragraph 5 (Covenant Not to Compete) below, “"subsidiary” " of the Company means any corporation, partnership, joint venture, limited liability company or other entity of which (i) at least a majority of the securities or other interests having by their terms voting power to elect a majority of the board of directors or others performing similar functions for such entity is directly or indirectly beneficially owned by the Company (either alone or through or together with one or more of its subsidiaries), or (ii) the Company or any subsidiary of the Company is a general partner or manager.

Definition of Subsidiary. For purposes Company shall include any and all subsidiaries of this Paragraph 4 and for purposes of Paragraph 5 (Covenant Not to Compete) below, Company. A “subsidiary” of the Company means is (a) any corporation, partnership, joint venture, limited liability company 50% or other entity more of the outstanding voting stock of which (i) at least a majority of the securities or other interests having by their terms voting power to elect a majority of the board of directors or others performing similar functions for such entity is directly or indirectly beneficially owned by the Company (either alone or through or together with by one or more subsidiaries of its subsidiaries)Company, or (iib) any other entity or enterprise, 50% or more of the equity or the voting control of which shall be owned by Company or any subsidiary by one or more subsidiaries of Company, with ownership or control to be determined at the Company is a general partner or managerrelevant time by Company’s Board of Directors.

Definition of Subsidiary. For purposes of this Paragraph 4 and for purposes of Paragraph 5 (Covenant Not to Compete) below, “"subsidiary” " of the Company means any corporation, partnership, joint venture, limited liability company or other entity of which (i) at least a majority of the securities or other interests having by their terms voting power to elect a majority of the board of directors or others performing similar functions for such entity is directly or indirectly beneficially owned by the Company (either alone or through or together with one or more of its subsidiaries), or (ii) the Company or any subsidiary of the Company is a general partner or manager.

Definition of Subsidiary. For purposes of this Paragraph 4 5 ------------------------ and for purposes of Paragraph 5 6 (Covenant Not to Compete) below, “"subsidiary” " of the Company means any corporation, partnership, joint venture, limited liability company or other entity of which (i) at least a majority of the securities or other interests having by their terms voting power to elect a majority of the board of directors or others performing similar functions for such entity is directly or indirectly beneficially owned by the Company (either alone or through or together with one or more of its subsidiaries), or (ii) the Company or any subsidiary of the Company is a general partner or manager.