Parent definition

Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

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Parent has the meaning set forth in the Preamble.

Parent means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if each of such corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

Examples of Parent in a sentence

• The Company shall not be obligated to file any claim relating to any Obligations in the event that Parent becomes subject to a bankruptcy, reorganization or similar proceeding, and the failure of the Company to so file shall not affect any Funding Party’s obligations hereunder.

• Notwithstanding any other provision of this Agreement, the Company hereby agrees that the Funding Parties may assert, as a defense to any payment or performance by the Funding Parties under this Agreement, any defense to such payment or performance that Parent may have under the terms of the Merger Agreement, other than defenses arising from bankruptcy or insolvency of Parent.

• For the avoidance of doubt, under no circumstances shall Parent and ▇▇▇▇▇▇ Sub be considered a Released Person.

• All notices and other written communications to the Company or Parent hereunder shall be delivered in accordance with Section 8.10 of the Merger Agreement.

• Each Funding Party hereunder acknowledges and agrees that the Obligations shall conclusively be deemed to have been created, contracted or incurred in reliance upon this Agreement, and all dealings between Parent, Merger Sub and each Funding Party hereunder, on the one hand, and the Company, on the other hand, shall likewise be conclusively presumed to have been had or consummated in reliance on this Agreement.

More Definitions of Parent

Parent means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company, if each of the corporations other than the Company owns stock possessing 50% or more of the total combined voting power of all classes of stock in one of the other corporations in such chain. A corporation that attains the status of a Parent on a date after the adoption of the Plan shall be considered a Parent commencing as of such date.

Parent has the meaning set forth in the preamble to this Agreement.

Parent means parent, guardian or person in parental relation to a student.

Parent means, with respect to any Lender, any Person as to which such Lender is, directly or indirectly, a subsidiary.

Parent means any parent corporation of the Company within the meaning of Section 424(e) of the Code.

Parent has the meaning set forth in the first paragraph of this Agreement.

Parent has the meaning specified in the introductory paragraph hereto.