Parent definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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

• Since this coverage crosses plan years, and Parent may modify the available coverage, the monthly premium may change and Parent will notify you of any such changes.

• The Parent and the Borrower consent to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Parent and the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.

• The Board has adopted the Plan for the purpose of retaining the services of selected Employees, non-employee members of the Board or the board of directors of any Parent or Subsidiary and consultants and other independent advisors in the service of the Corporation (or any Parent or Subsidiary).

• Parent and Purchaser have the corporate power and authority to execute and deliver and perform their obligations under this Agreement; and the execution, delivery and performance by Parent and Purchaser of this Agreement has been duly authorized by all necessary action on the part of Parent and Purchaser and their respective boards of directors or managers (as applicable).

• The payment and performance of the Obligations shall at all times be guaranteed by the Parent pursuant to the Guaranty 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.