Subsidiaries or Joint Ventures Sample Clauses
The "Subsidiaries or Joint Ventures" clause defines how the terms of an agreement apply to entities that are owned or controlled by the contracting parties, such as subsidiaries, affiliates, or jointly owned ventures. Typically, this clause clarifies whether the rights and obligations under the contract extend to these related entities, and may specify conditions or limitations for their inclusion. By addressing the involvement of subsidiaries or joint ventures, the clause ensures clarity regarding the scope of the agreement and helps prevent disputes over which entities are bound by or benefit from the contract's provisions.
Subsidiaries or Joint Ventures. The Company will not, without the prior approval of the Board of Directors, establish or invest in any subsidiary or joint venture.
Subsidiaries or Joint Ventures. The Company shall not, without the prior approval of the Board of Directors (including at least two (2) Preferred Directors), establish, liquidate, transfer any assets (other than cash and other than in the ordinary course of business) to, or invest more than $50,000 in, any one (1) subsidiary or joint venture.
Subsidiaries or Joint Ventures. The Company will not, without the prior approval of the Board of Directors (including the Investor Director), establish or invest in any subsidiary or joint venture.