Parent Corporation definition

Parent Corporation means any present or future “parent corporation” of the Company, as defined in Section 424(e) of the Code.

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Parent Corporation means any corporation in an unbroken chain of corporations ending with the Company if each of the corporations other than the Company then 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.

Parent Corporation means any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if, at the time of the action or transaction, each of the corporations other than the Company owns stock possessing 50 percent or more of the total combined voting power of all classes of stock in one of the other corporations in the chain.

Examples of Parent Corporation in a sentence

The Shareholder hereby reserves its right under Section 1.2(e)(iv) to designate one director, exercisable at any time by written notice to the Parent Corporation.
The Parties acknowledge and agree that any such conversion or cash redemption is effected at the election of the Parent Corporation, and not at the option or election of the Shareholder, and that any conversion into common shares or cash redemption shall be subject to applicable law, including the availability of lawful funds therefor under the Wyoming Business Corporation Act.
The Parent Corporation has, and shall retain into perpetuity, the sole and exclusive power to direct the management, policies, business, and affairs of, and the activities that most significantly impact the economic performance of, the Purchaser, the Company, and the Subsidiary.
Following the issuance of the Additional Acquisition Shares, and consistent with the final paragraph of Section 1.2(e) of the Acquisition Agreement, the Parent Corporation's Board of Directors shall assume sole and exclusive authority over all corporate, operational, and strategic business decisions concerning both the Parent Corporation and the Company.
From and after the Termination Effective Time (as defined below), the Company, the Purchaser, and the Subsidiary shall be retained as permanent wholly owned and controlled Permanent Subsidiary and Earnout Election AgreementPage 5 of 12 subsidiaries of the Parent Corporation, and the Parties have no present intention to spin off, distribute, or list the Company (or any of its subsidiaries) as an independent entity.

More Definitions of Parent Corporation

Parent Corporation 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 the chain.

Parent Corporation means any corporation in an unbroken chain of corporations ending with the Company if each of the corporations other than the Company then owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one (1) of the other corporations in such chain.

Parent Corporation means a corporation which directly owns at least 50 percent of the voting stock of the corporation which is the facility owner or operator; the latter corporation is deemed a “subsidiary” of the parent corporation.

Parent Corporation means any Parent Corporation as defined in Section 424(e) of the IRC.

Parent Corporation means any corporation (other than the Corporation) in an unbroken chain of corporations ending with the employer corporation if, at the time of granting an Option, each of the corporations other than the employer corporation owns stock possessing fifty percent (50%) or more of the total combined voting power of all classes of stock in one of the other corporations in such chain.

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

Parent Corporation means as of any applicable date a corporation in respect of the Company that is a parent corporation within the meaning of Code Section 424(e).