Examples of Commercial Subsidiary in a sentence
The Trustee may maintain and/or establish a Commercial Subsidiary, or Commercial Subsidiaries, the objectives and purposes of which will be to receive and/or manage those of the Trust’s Assets that are of a commercial nature, which such companies shall manage on a prudent, commercial and profitable basis.
There are no options, convertible securities, warrants, or other rights (preemptive or otherwise) to purchase or acquire any capital stock of any Commercial Subsidiary and no contracts to which Commercial or any of its affiliates is subject with respect to the issuance, voting or sale of issued or unissued shares of the capital stock of any of the Commercial Subsidiaries.
Except for matters which would not have a material adverse effect on the business, financial condition or results of operations of Commercial and the Commercial Subsidiaries taken as a whole, neither Commercial nor any Commercial Subsidiary is a defendant in, nor is any of its property subject to, any pending, or, to the best knowledge of the management of Commercial, threatened, claim, action, suit, investigation, or proceeding, or subject to any judicial order, judgment or decree.
There are no outstanding Rights to purchase or acquire any capital stock of any Commercial Subsidiary and no oral or written agreement, contract, ar- rangement, understanding, plan or instrument of any kind to which Commercial or any of its Affiliates is subject with respect to the issuance, voting or sale of issued or unissued shares of the capital stock of any of the Commercial Subsidiaries.
Commercial and each Commercial Subsidiary have complied in all material respects with all applicable state law sales and use tax collection and reporting requirements.
As of the date of this Agreement, there are no agreements, directives, orders or similar arrangements between or involving Commercial or any Commercial Subsidiary and any state or federal savings institution regulatory authority.
In doing so any Commercial Subsidiary shall conduct or otherwise undertake Commercial Activities of the Ngati Whatua Orakei Ngāti Whātua Ōrākei Group, either itself or through any subsidiary or subsidiaries Subsidiary established for that purpose, on behalf of and for the benefit of the Members of Ngati Whatua Orakei in the furtherance of the Trust’s Purposes.
FY01 expenditures from these extramural sources through May 31, 2001 were $761,318.
A grievant may appear on his/her own behalf or may be represented at all steps of this procedure by a designated representative of the Union.
Neither Commercial nor any Commercial Subsidiary has been refused any insurance with respect to any material properties, assets or operations, nor has any coverage been limited or terminated by any insurance carrier to which it has applied for any such insurance or with which it has carried insurance during the last three years.