Examples of Relevant Subsidiary in a sentence
The terms of each Additional Guarantee shall be documented in accordance with market standards provided that the terms of the Additional Guarantee may provide that such guarantee will cease to exist if and when the Capital Market Indebtedness guaranteed or the Capital Market Indebtedness incurred by such Relevant Subsidiary is fully discharged.
Any termination of this Agreement does not relieve you of any obligations to pay any fees or costs accrued prior to the termination and any other amounts owed by you to us, and/or the Payment System Providers as provided in this Agreement.
The Licensee shall procure that all businesses of the Licensee other than the core businesses shall be held by or carried on through affiliates or related undertakings of the Licensee but shall not be held by or carried on through the Relevant Subsidiary.
Save as provided by paragraphs 9 and 10, the Licensee shall not (and shall procure that the Relevant Subsidiary shall not) conduct any business or carry on any activity other than those falling within the definition of “core businesses”.
A core business of the Licensee may be held by or carried on through the Relevant Subsidiary.