Controlled Subsidiaries definition
Examples of Controlled Subsidiaries in a sentence
The Borrower has no Controlled Subsidiaries other than the RG Facility Entities (during any period when such RG Facility Entities remain Controlled Subsidiaries of the Borrower).
Fubo shall (and shall cause Newco and its other Controlled Subsidiaries to) use commercially reasonable efforts (for the avoidance of doubt, taking into account the interests and entitlements of Hulu under this Agreement) to defend the tax treatment contemplated by this Agreement and any Schedule (or Amended Schedule, as applicable) in any Tax Action.
To the extent Fubo or its Controlled Subsidiaries (including Newco and its Controlled Subsidiaries) incur, create or assume any Senior Obligations after the date hereof, Fubo shall not, and shall cause its Controlled Subsidiaries to not, agree to any provision that restricts in any material respect the amounts payable hereunder if the principal purpose of Fubo agreeing to such provision is to circumvent the payment of amounts payable hereunder.
Fubo shall cause Newco and each of its Controlled Subsidiaries that is classified as a partnership for U.S. federal income tax purposes to have in effect an election under Section 754 of the Code (or any similar provisions of applicable state, local or foreign tax Law) for each Taxable Year.