Examples of Owned Subsidiary in a sentence
Wholly Owned Subsidiary has the meaning given by s9 of the Corporations Xxx 0000 (Cth).
A corporation is a Wholly Owned Relative of another corporation if either corporation is a Wholly Owned Subsidiary of the other corporation.
Prior to each due date of the principal and interest or premium on any Security, the Company shall deposit with the Paying Agent (or if the Company or a Wholly Owned Subsidiary is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum sufficient to pay such principal and interest and premium, when so becoming due.
All the outstanding shares of Capital Stock of each such Subsidiary have been validly issued and are fully paid and nonassessable and all such outstanding shares are owned by Borrower or a Wholly Owned Subsidiary of Borrower free of any Lien.
It has Joint Venture Companies in Bahrain (operating in Bahrain, Qatar, Kuwait, Oman & U.A.E. (Dubai and Abu Dhabi)), Kenya, Saudi Arabia, Nepal and Sri Lanka and a Wholly Owned Subsidiary in Singapore.