Subject Entity definition
Examples of Subject Entity in a sentence
Each Subject Entity holds all licenses, certificates of approval, approvals, registrations, permits and consents which are required to operate its businesses where they are currently being operated except where the failure to have such licenses, certificates of approval, approvals, registrations, permits and consents could not reasonably be expected to have a Material Adverse Effect.
Each Subject Entity has filed all material Tax returns and Tax reports required by law to have been filed by it and has paid all Taxes thereby shown to be owing, except any such Taxes which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles shall have been set aside on its books.
If Customer is a Managed Services Customer, Managed Services Customer will notify BitSight (or the applicable reseller) that it is a Managed Services Customer and the legal name and other reasonably requested information about each Subject Entity so that BitSight may create a separate managed services portal (a “Managed Services Portal”) for each Subject Entity.
Managed Services Customer will be fully responsible for and liable to BitSight for any failure by a Subject Entity to comply with the obligations or restrictions set forth in this Section and any activity in the Managed Services Portal that violates the terms of this Agreement.
Each Subject Entity is a corporation duly incorporated and organized and validly subsisting in good standing under the laws of its jurisdiction of incorporation.