Common use of Partial Subsidiary Clause in Contracts

Partial Subsidiary. (a) For purposes of this Agreement, the term “Partial Subsidiary” means Langtree Endoscopy Center, LLC of which Statesville HMA, LLC owns 53% of the total outstanding membership interests and which membership interests will be assigned by Statesville HMA, LLC to the appropriate Buyer Entity as part of the Assets.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Community Health Systems Inc), Asset Purchase Agreement (Community Health Systems Inc)