Step-Down Subsidiaries definition
Step-Down Subsidiaries means such step-down subsidiaries (including their respective branch offices) of the Transferor Company as set out in Schedule II;
Examples of Step-Down Subsidiaries in a sentence
It is further clarified that all guarantees provided by the Transferor Company for its activities (including for and on behalf of the Subsidiaries and the Step-Down Subsidiaries) forming a part of the CLG Business Undertaking shall stand transferred to the Transferee Company.