Joint Holding definition
Examples of Joint Holding in a sentence
In this event, you agree that this Agreement binds all persons having an interest in your Joint Holding, each a Joint Client, and that you shall, together with any Joint Client, be jointly and severally liable for any Client obligations in respect of this Agreement, and each Joint Client agrees to comply with the terms of this Agreement.
In turn, the Joint Holding Company, as a sole parent of those two wholly-owned subsidiaries, will plan to apply for an initial listing of its shares.
SOMPO JAPAN and NIPPONKOA plan to establish a Joint Holding Company through joint stock transfer as provided in Article 722, Paragraph 2 of the Company Law of Japan (“kaisha hou”) and become wholly-owned subsidiaries of the Joint Holding Company.
The performance forecast of the Joint Holding Company will be announced as soon as made available.
You acknowledge that all owners of a Joint Holding will be able to deal with the Holding independently of the other owner(s) of the Joint Holding.
You may grant additional persons full access to Your Holding at which point, subject only to the satisfaction of clause 5.B, the Holding will be treated as a Joint Holding.