Independent Division definition
Independent Division means any division of the Company or any Subsidiary which is organized or operated pursuant to an agreement with any other Person or Persons which grants such Person or Persons an ownership interest in or other claim to the assets, revenue or value of such Division.
Examples of Independent Division in a sentence
Schedule 2.04 sets forth each Subsidiary and each Independent Division, showing the jurisdiction of the incorporation or organization of each Subsidiary and showing the percentage of each Person's ownership of the outstanding stock or other interests of each such Subsidiary or Independent Division.
Except as set forth herein, neither the Company nor any Subsidiary is a party to, nor has any knowledge of, any agreement restricting the voting or transfer of any shares of the capital stock of any Subsidiary or similar ownership interests of any Independent Division.