{"component": "clause", "props": {"groups": [{"samples": [{"hash": "8wNt1K0Yi9E", "uri": "/contracts/8wNt1K0Yi9E#subsidiary", "label": "Indemnification Agreement (Rank One Computing Corp)", "score": 35.4544830322, "published": true}, {"hash": "CDdnVJ4xnQ", "uri": "/contracts/CDdnVJ4xnQ#subsidiary", "label": "Indemnification Agreement (BillionToOne, Inc.)", "score": 34.7645454407, "published": true}, {"hash": "d4moamVD5AJ", "uri": "/contracts/d4moamVD5AJ#subsidiary", "label": "Indemnification Agreement (Andersen Group Inc.)", "score": 34.7152633667, "published": true}], "snippet": "For purposes of this Agreement, the term \u201csubsidiary\u201d means any corporation or limited liability company of which more than 50% of the outstanding voting securities or equity interests are owned, directly or indirectly, by the Company and one or more of its subsidiaries, and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary.", "size": 1000, "snippet_links": [{"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [0, 30]}, {"key": "the-term", "type": "definition", "offset": [32, 40]}, {"key": "corporation-or-limited-liability-company", "type": "clause", "offset": [64, 104]}, {"key": "outstanding-voting-securities", "type": "definition", "offset": [135, 164]}, {"key": "equity-interests", "type": "definition", "offset": [168, 184]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [196, 218]}, {"key": "by-the-company", "type": "clause", "offset": [220, 234]}, {"key": "other-corporation", "type": "definition", "offset": [280, 297]}, {"key": "joint-venture", "type": "definition", "offset": [339, 352]}, {"key": "employee-benefit-plan", "type": "clause", "offset": [361, 382]}, {"key": "other-enterprise", "type": "clause", "offset": [386, 402]}, {"key": "serving-at-the-request-of-the-company", "type": "definition", "offset": [433, 470]}, {"key": "a-director", "type": "clause", "offset": [474, 484]}], "hash": "c4e991ef3d2a0987087eb08788dd94ee", "id": 1}, {"samples": [{"hash": "gpPhNdSLS4M", "uri": "/contracts/gpPhNdSLS4M#subsidiary", "label": "Service Agreement", "score": 31.8372383118, "published": true}, {"hash": "3Ny4WQAdcil", "uri": "/contracts/3Ny4WQAdcil#subsidiary", "label": "Service Agreement", "score": 31.7085819244, "published": true}, {"hash": "hvAiQGteh2Q", "uri": "/contracts/hvAiQGteh2Q#subsidiary", "label": "Telecommunications", "score": 31.5799255371, "published": true}], "snippet": "A corporation or other person that is controlled by a Party.", "size": 283, "snippet_links": [{"key": "a-corporation", "type": "clause", "offset": [0, 13]}, {"key": "other-person", "type": "definition", "offset": [17, 29]}, {"key": "by-a-party", "type": "clause", "offset": [49, 59]}], "hash": "1e04b92769ce3eae8b332e131a0c7dbd", "id": 2}, {"samples": [{"hash": "i8JfEFEG7cJ", "uri": "/contracts/i8JfEFEG7cJ#subsidiary", "label": "Management Interest Subscription Agreement (Summit Materials, LLC)", "score": 25.1779594421, "published": true}, {"hash": "4Bose2h8gkI", "uri": "/contracts/4Bose2h8gkI#subsidiary", "label": "Management Interest Subscription Agreement (Summit Materials, LLC)", "score": 25.1779594421, "published": true}, {"hash": "kDRtdi5KDcN", "uri": "/contracts/kDRtdi5KDcN#subsidiary", "label": "Management Subscription Agreement (APX Group Holdings, Inc.)", "score": 24.6960983276, "published": true}], "snippet": "The term \u201cSubsidiary\u201d means any corporation, limited liability company, partnership or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entity.", "size": 153, "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}, {"key": "limited-liability-company", "type": "definition", "offset": [45, 70]}, {"key": "other-entity", "type": "definition", "offset": [87, 99]}, {"key": "with-respect-to", "type": "clause", "offset": [100, 115]}, {"key": "specified-entity", "type": "clause", "offset": [130, 146]}, {"key": "power-to-vote", "type": "clause", "offset": [155, 168]}, {"key": "the-voting", "type": "clause", "offset": [179, 189]}, {"key": "authorized-persons", "type": "clause", "offset": [249, 267]}, {"key": "a-majority", "type": "clause", "offset": [291, 301]}, {"key": "power-of-the-board-of-directors", "type": "clause", "offset": [316, 347]}, {"key": "governing-body", "type": "clause", "offset": [363, 377]}], "hash": "7cf916d19337c761a75d603bd6be33a6", "id": 5}, {"samples": [{"hash": "gZiulbZCfN7", "uri": "/contracts/gZiulbZCfN7#subsidiary", "label": "Credit Agreement (Safety Insurance Group Inc)", "score": 37.4517440796, "published": true}, {"hash": "1ACeFs4mxPT", "uri": "/contracts/1ACeFs4mxPT#subsidiary", "label": "Credit Agreement (Safety Insurance Group Inc)", "score": 34.837097168, "published": true}, {"hash": "eDpzWqFknHP", "uri": "/contracts/eDpzWqFknHP#subsidiary", "label": "Credit Agreement (Barnes Group Inc)", "score": 33.2655715942, "published": true}], "snippet": "Any corporation, association, trust, or other business entity of which the designated parent shall at any time own directly or indirectly through a Subsidiary or Subsidiaries at least a majority (by number of votes) of the outstanding Voting Stock.", "size": 160, "snippet_links": [{"key": "other-business-entity", "type": "definition", "offset": [40, 61]}, {"key": "designated-parent", "type": "definition", "offset": [75, 92]}, {"key": "at-any-time", "type": "clause", "offset": [99, 110]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [115, 137]}, {"key": "subsidiary-or-subsidiaries", "type": "clause", "offset": [148, 174]}, {"key": "a-majority", "type": "clause", "offset": [184, 194]}, {"key": "number-of-votes", "type": "clause", "offset": [199, 214]}, {"key": "outstanding-voting-stock", "type": "definition", "offset": [223, 247]}], "hash": "8ffb0fec76213f48364bcbab387d58e7", "id": 4}, {"samples": [{"hash": "jyCqB5hgStH", "uri": "/contracts/jyCqB5hgStH#subsidiary", "label": "Restricted Stock Unit Award Agreement (Xerox Corp)", "score": 35.2053375244, "published": true}, {"hash": "jEuMnDPBH2l", "uri": "/contracts/jEuMnDPBH2l#subsidiary", "label": "Eltip Performance Share Unit Award Agreement (Xerox Corp)", "score": 35.2053375244, "published": true}, {"hash": "hEojbM58p0F", "uri": "/contracts/hEojbM58p0F#subsidiary", "label": "Eltip Performance Share Unit Award Agreement (Xerox Corp)", "score": 35.2053375244, "published": true}], "snippet": "As used herein the term \u201dsubsidiary\u201d shall mean any present or future corporation which would be a \u201csubsidiary corporation\u201d of the Company as the term is defined in Section 425 of the Internal Revenue Code of 1986 on the Grant Date.", "size": 181, "snippet_links": [{"key": "the-term", "type": "definition", "offset": [15, 23]}, {"key": "subsidiary-corporation", "type": "definition", "offset": [100, 122]}, {"key": "of-the-company", "type": "clause", "offset": [124, 138]}, {"key": "section-425", "type": "definition", "offset": [165, 176]}, {"key": "internal-revenue-code-of-1986", "type": "definition", "offset": [184, 213]}, {"key": "grant-date", "type": "clause", "offset": [221, 231]}], "hash": "4b1c0d978838c851bd9c03946ab1219f", "id": 3}, {"samples": [{"hash": "d2PA0115MFL", "uri": "/contracts/d2PA0115MFL#subsidiary", "label": "Revolving Credit Agreement (Digitas Inc)", "score": 21.0, "published": true}, {"hash": "txSZbrLgPT", "uri": "/contracts/txSZbrLgPT#subsidiary", "label": "Revolving Credit Agreement (Waste Industries Inc)", "score": 18.0, "published": true}, {"hash": "nnNTUv6kYx", "uri": "/contracts/nnNTUv6kYx#subsidiary", "label": "Revolving Credit Agreement (Ionics Inc)", "score": 18.0, "published": true}], "snippet": "A Subsidiary of the bank holding company controlling any Bank, which Subsidiary has been granted authority by the Federal Reserve Board to underwrite and deal in certain Ineligible Securities.", "size": 92, "snippet_links": [{"key": "subsidiary-of", "type": "definition", "offset": [2, 15]}, {"key": "bank-holding-company", "type": "definition", "offset": [20, 40]}, {"key": "federal-reserve-board", "type": "definition", "offset": [114, 135]}, {"key": "ineligible-securities", "type": "definition", "offset": [170, 191]}], "hash": "976f529df6ed106eb540e19b73927ce8", "id": 8}, {"samples": [{"hash": "8YTkLNPSzo9", "uri": "/contracts/8YTkLNPSzo9#subsidiary", "label": "Collection Agreement", "score": 30.1479167938, "published": true}, {"hash": "bzmdWHHwApE", "uri": "/contracts/bzmdWHHwApE#subsidiary", "label": "Stand by Letter of Credit Agreement", "score": 29.0697822571, "published": true}, {"hash": "1sMmZzR2iqI", "uri": "/contracts/1sMmZzR2iqI#subsidiary", "label": "Stand by Letter of Credit Agreement", "score": 29.0484733582, "published": true}], "snippet": "with respect to a Person, any other company at least 50% (fifty percent) of shares, stocks and/or votes of which are owned directly or indirectly or otherwise managed by this Person.", "size": 88, "snippet_links": [{"key": "with-respect-to", "type": "clause", "offset": [0, 15]}, {"key": "a-person", "type": "clause", "offset": [16, 24]}, {"key": "other-company", "type": "definition", "offset": [30, 43]}, {"key": "fifty-percent", "type": "definition", "offset": [58, 71]}, {"key": "owned-directly-or-indirectly", "type": "definition", "offset": [117, 145]}, {"key": "otherwise-managed", "type": "definition", "offset": [149, 166]}], "hash": "ef223f61ec4a6cf3d28cb0b41feda9a6", "id": 10}, {"samples": [{"hash": "8rPqQH4y6q8", "uri": "/contracts/8rPqQH4y6q8#subsidiary", "label": "Indenture (Myriad Genetics Inc)", "score": 37.1478424072, "published": true}, {"hash": "2OpcIypBTgQ", "uri": "/contracts/2OpcIypBTgQ#subsidiary", "label": "Indenture (Pfizer Inc)", "score": 36.3785095215, "published": true}, {"hash": "j8mmKqRtYMd", "uri": "/contracts/j8mmKqRtYMd#subsidiary", "label": "Indenture (Pfizer Investment Enterprises PTE LTD)", "score": 36.3620796204, "published": true}], "snippet": "The term \u201c", "size": 100, "snippet_links": [{"key": "the-term", "type": "definition", "offset": [0, 8]}], "hash": "e6abc5b81feb3c0a954d10eb23e67d9b", "id": 6}, {"samples": [{"hash": "d9JLrMWUNVn", "uri": "/contracts/d9JLrMWUNVn#subsidiary", "label": "Merger Agreement (Opnext Inc)", "score": 23.2368240356, "published": true}, {"hash": "dkdkYOah7Sv", "uri": "/contracts/dkdkYOah7Sv#subsidiary", "label": "Merger Agreement (Oclaro, Inc.)", "score": 23.2313480377, "published": true}, {"hash": "lhEeNuNAyi", "uri": "/contracts/lhEeNuNAyi#subsidiary", "label": "Merger Agreement (PortalPlayer, Inc.)", "score": 21.0, "published": true}], "snippet": "An Entity shall be deemed to be a \u201cSubsidiary\u201d of another Person if such Person directly or indirectly owns or purports to own, beneficially or of record: (a) an amount of voting securities of or other interests in such Entity that is sufficient to enable such Person to elect at least a majority of the members of such Entity\u2019s board of directors or other governing body; or (b) at least 50% of the outstanding equity, voting or financial interests in such Entity.", "size": 93, "snippet_links": [{"key": "another-person", "type": "definition", "offset": [50, 64]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [80, 102]}, {"key": "of-record", "type": "definition", "offset": [144, 153]}, {"key": "voting-securities", "type": "definition", "offset": [172, 189]}, {"key": "other-interests", "type": "clause", "offset": [196, 211]}, {"key": "members-of", "type": "clause", "offset": [304, 314]}, {"key": "board-of-directors", "type": "definition", "offset": [329, 347]}, {"key": "governing-body", "type": "clause", "offset": [357, 371]}, {"key": "outstanding-equity", "type": "definition", "offset": [400, 418]}, {"key": "financial-interests", "type": "clause", "offset": [430, 449]}], "hash": "f0a38e77e5b3c5a3ffc3e3eb56a33dbe", "id": 7}, {"samples": [{"hash": "tQuuJm9uwt", "uri": "/contracts/tQuuJm9uwt#subsidiary", "label": "Indemnification and Insurance Matters Agreement (Optical Access Inc)", "score": 18.0, "published": true}, {"hash": "gdWzyaz3JZG", "uri": "/contracts/gdWzyaz3JZG#subsidiary", "label": "Master Separation and Distribution Agreement (Palm Inc)", "score": 18.0, "published": true}, {"hash": "fcLnCqbrHFb", "uri": "/contracts/fcLnCqbrHFb#subsidiary", "label": "Master Separation and Distribution Agreement (Luminent Inc)", "score": 18.0, "published": true}], "snippet": "Subsidiary\" of any Person means a corporation or other organization whether incorporated or unincorporated of which at least a majority of the securities or interests having by the terms thereof ordinary voting power to elect at least a majority of the board of directors or others performing similar functions with respect to such corporation or other organization is directly or indirectly owned or controlled by such Person or by any one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries; provided, however, that no Person that is not directly or indirectly wholly-owned by any other Person shall be a Subsidiary of such other Person unless such other Person controls, or has the right, power or ability to control, that Person.", "size": 92, "snippet_links": [{"key": "any-person", "type": "definition", "offset": [15, 25]}, {"key": "a-corporation", "type": "clause", "offset": [32, 45]}, {"key": "other-organization", "type": "definition", "offset": [49, 67]}, {"key": "a-majority", "type": "clause", "offset": [125, 135]}, {"key": "the-securities", "type": "definition", "offset": [139, 153]}, {"key": "the-terms", "type": "definition", "offset": [177, 186]}, {"key": "ordinary-voting-power", "type": "definition", "offset": [195, 216]}, {"key": "the-board-of-directors", "type": "definition", "offset": [249, 271]}, {"key": "with-respect-to", "type": "clause", "offset": [311, 326]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [369, 391]}, {"key": "owned-or-controlled", "type": "definition", "offset": [392, 411]}, {"key": "no-person", "type": "definition", "offset": [549, 558]}, {"key": "owned-by", "type": "definition", "offset": [601, 609]}, {"key": "any-other-person", "type": "definition", "offset": [610, 626]}, {"key": "subsidiary-of", "type": "definition", "offset": [638, 651]}, {"key": "the-right", "type": "clause", "offset": [712, 721]}, {"key": "to-control", "type": "definition", "offset": [740, 750]}], "hash": "ec382e669cf8c0adeb1ad63def0f86b1", "id": 9}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNzdWJzaWRpYXJ5IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["expenses", "Expenses"], ["base-salary", "Base Salary"], ["survival", "Survival"], ["term", "Term"]], "parents": [["definitions", "Definitions"], ["representations-and-warranties-of-the-company", "Representations and Warranties of the Company"], ["representations-and-warranties", "Representations and Warranties"], ["withdrawal-of-services", "Withdrawal of Services"], ["miscellaneous", "Miscellaneous"]], "size": 5009, "title": "Subsidiary", "id": "subsidiary", "related": [["subsidiaries", "Subsidiaries", "Subsidiaries"], ["any-subsidiary-of-an-unrestricted-subsidiary", "any Subsidiary of an Unrestricted Subsidiary", "any <strong>Subsidiary</strong> of an Unrestricted <strong>Subsidiary</strong>"], ["material-subsidiary", "Material Subsidiary", "Material <strong>Subsidiary</strong>"], ["subsidiaries-of-the-company", "Subsidiaries of the Company", "Subsidiaries of the Company"], ["domestic-subsidiaries", "Domestic Subsidiaries", "Domestic Subsidiaries"]], "related_snippets": [], "updated": "2026-06-28T08:23:02+00:00", "also_ask": ["What are the essential elements to define a 'Subsidiary' to avoid ambiguity?", "How can the definition of 'Subsidiary' be strategically broadened or narrowed during negotiations?", "What are the key risks if the clause fails to align with statutory or accounting definitions?", "How does this definition compare to those in similar agreements or under relevant law?", "What factors do courts consider when determining if an entity qualifies as a 'Subsidiary' under this clause?"], "drafting_tip": "Define 'Subsidiary' precisely to avoid ambiguity; specify ownership thresholds to ensure clarity; align with relevant laws to ensure enforceability.", "explanation": "A Subsidiary clause defines what entities are considered subsidiaries of a party within the context of the agreement. Typically, it clarifies that a subsidiary is any company or entity that is controlled by, or under common control with, the main party, often through ownership of more than 50% of voting shares or similar mechanisms. This clause ensures that rights, obligations, or restrictions in the contract extend appropriately to these related entities, preventing ambiguity about which organizations are covered and thereby reducing the risk of disputes over the agreement\u2019s scope."}, "json": true, "cursor": ""}}