Common use of Subsidiary Reference Clause in Contracts

Subsidiary Reference. Any reference herein to a -------------------- Subsidiary or Consolidated Subsidiary of Parent, and any financial definition, ratio, restriction or other provision of this Agreement which is stated to be applicable to Parent and its Subsidiaries or Consolidated Subsidiaries or which is to be determined on a "consolidated" or "consolidating" basis, shall apply only to the extent Parent has any Subsidiaries or Consolidated Subsidiaries and, where applicable, to the extent any such Subsidiaries are consolidated with Parent for financial reporting purposes.