Customer Subsidiary definition

Customer Subsidiary means an entity, excluding any EDA Competitor, controlled by Customer. For purposes of this definition ‘control’ means the direct or indirect ownership of more than 50% of the voting securities of an entity.

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Customer Subsidiary means any entity (i) of which 100% of the outstanding shares or securities (representing the right to vote for the election of directors or other managing authority of such entity) are owned or controlled, directly or indirectly, by CUSTOMER as of the Effective Date; or (ii) that does not have outstanding shares or securities (as may be the case in a partnership, limited liability company, joint venture or unincorporated association), but of which 100% of the ownership interest representing the right to make decisions for such entity is owned or controlled, directly or indirectly, by CUSTOMER as of the Effective Date.

Customer Subsidiary means an entity, excluding any PA Competitor, controlled by Customer. For purposes of this definition ‘control’

Examples of Customer Subsidiary in a sentence

Any Customer Subsidiary may enter into an Order under the Agreement for its own internal use provided the Agreement is referenced in the applicable Order.
Customer agrees to fulfill the obligations of any such Customer Subsidiary in the event of default.
In the event that a Customer Subsidiary with a location outside of the United States is purchasing Services under this MSA (“Customer International Subsidiary”), (i) such Customer International Subsidiary shall enter into a Service Order and/or SOW directly with the Spyglass local affiliate (“Spyglass Local Affiliate”) for such Services, and (ii) Customer shall execute a local country addendum specifying any local country required terms.
CUSTOMER will be responsible for any breach of this Section 10.10 by its, and its successors’ and permitted assigns’, affiliates (including any Customer Subsidiary), employees, officers, directors and agents.
In delivering the Services under the Contract(s), Vendor may process Personal Data controlled by Customer, a Customer Subsidiary and/or their respective customers, contacts or partners.
The Parties intend for all rebate, incentive, bonus, allowance and similar payments payable by Core-▇▇▇▇ to Customer pursuant to this Agreement will be paid solely to Customer (and not any to any Customer Subsidiary) and then allocated by Customer to its Customer Subsidiaries for all tax and financial reporting purposes; it being understood that Customer shall be the sole party responsible for any intercompany allocations.

More Definitions of Customer Subsidiary

Customer Subsidiary means an entity, excluding any PA Competitor, controlled by Customer. For purposes of this definition ‘control’ means the direct or indirect ownership of more than 50% of the voting securities of an entity. Where the parties have agreed to a different definition regarding which entities may use PA Offerings (other than Customer), "Customer Subsidiaries" will have the meaning ascribed to it in those different terms.

Customer Subsidiary. Customer Subsidiaries" means any entity that Customer controls (directly or indirectly), or is under common control, where “control” means at least fifty percent (50%) ownership of the outstanding shares of the entity, or the ability to direct the management of the entity by contract or otherwise.