Purchaser Subsidiary definition

Purchaser Subsidiary means each Person which is a Subsidiary of the Purchaser.

Purchaser Subsidiary means any Subsidiary of Purchaser.

Purchaser Subsidiary means, with respect to Purchaser, any other Person, of which Purchaser (either alone or through or together with any other Purchaser Subsidiary) owns, directly or indirectly, a majority of the outstanding equity securities or securities carrying a majority of the voting power in the election of the board of directors or other governing body of such Person.

Examples of Purchaser Subsidiary in a sentence

• All of the outstanding shares of each Purchaser Subsidiary are validly issued, fully paid and non-assessable.

• Purchaser and each Purchaser Subsidiary are registered, licensed or otherwise qualified as an extra-provincial corporation or a foreign corporation in each jurisdiction where the nature of the business or the location or character of the property and assets owned or leased by it requires it to be so registered, licensed or otherwise qualified, other than those jurisdictions where the failure to be so registered, licensed or otherwise qualified would not have a Material Adverse Effect on Purchaser.

• Purchaser and each Purchaser Subsidiary has been incorporated, are validly subsisting and have full corporate or legal power and authority to own their respective properties and assets and to conduct their respective businesses as currently owned and conducted.

• Except pursuant to restrictions on transfer contained in the articles or by-laws (or their equivalent) of the respective Purchaser Subsidiary, the outstanding shares of each Purchaser Subsidiary are owned by Purchaser free and clear of all Encumbrances (except for any Encumbrances referred to in the Purchaser Disclosure Letter) and Purchaser is not liable to any creditor in respect thereof.

• As of the date hereof, there are no outstanding bonds, debentures or other evidences of indebtedness of Purchaser or any Purchaser Subsidiary having the right to vote with the Purchaser Shareholders on any matter.

More Definitions of Purchaser Subsidiary

Purchaser Subsidiary means a wholly-owned Subsidiary of OPH which is a Restricted Subsidiary and also a Designated Entity.

Purchaser Subsidiary shall include each Subsidiary (as defined in Article 1 hereof) of Purchaser, and each corporation, partnership, limited liability company, joint venture or other entity which Purchaser controls directly or indirectly (through one or more intermediaries). For purposes of the previous sentence, "control" means the possession, direct or indirect, of the power either (1) to vote fifty percent (50%) or more of the voting interests of a corporation, partnership, limited liability company, joint venture or other entity, or (2) to direct or cause the direction of the management and policies of a corporation, partnership, limited liability company, joint venture or other entity, whether by contract or otherwise.

Purchaser Subsidiary means Merger Sub and any subsidiary of Purchaser that constitutes a "significant subsidiary" within the meaning of Rule 1-02 of Regulation S-X of the Securities and Exchange Commission.

Purchaser Subsidiary means any Person of which a majority of the outstanding share capital, voting securities or other equity interests are owned, directly or indirectly, by Purchaser.

Purchaser Subsidiary means each Subsidiary of Purchaser, including, after the Closing, the Transferred Group Members.

Purchaser Subsidiary shall have the meaning set forth in the recitals to this Agreement, and is more particularly described in Part II of Appendix C of the Agreement.

Purchaser Subsidiary means a Subsidiary of the Purchaser.