Common use of Wholly-Owned Subsidiaries Clause in Contracts

Wholly-Owned Subsidiaries. Nothing herein shall be construed as preventing the amalgamation or merger of any wholly-owned direct or indirect subsidiary of Parent, except Exchangeco, with or into Parent or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of Parent, other than Exchangeco, provided that all of the assets of such subsidiary are transferred to Parent or another wholly-owned direct or indirect subsidiary of Parent, except Exchangeco, and any such transactions are expressly permitted by this Article 11.

Appears in 4 contracts

Samples: Voting and Exchange Agency Agreement (Ideal Accents Inc), Voting and Exchange Agency Agreement (Ideal Accents Inc), Voting and Exchange Agency Agreement (Wireless Age Communications Inc)

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Wholly-Owned Subsidiaries. Nothing herein shall be construed as preventing the amalgamation or merger of any wholly-owned direct or indirect subsidiary of Parent, except for Exchangeco, with or into Parent or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of Parent, other than except for Exchangeco, provided that all of the assets of such subsidiary are transferred to Parent or another wholly-owned direct or indirect subsidiary of Parent, except Exchangeco, Parent and any such transactions are expressly permitted by this Article 113.

Appears in 3 contracts

Samples: Exchangeable Share Support Agreement (Ideal Accents Inc), Exchangeable Share Support Agreement (Ideal Accents Inc), Exchangeable Share Support Agreement (Ideal Accents Inc)

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