Common use of Subsidiary Clause in Contracts

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entity.

Appears in 15 contracts

Samples: Management Interest Subscription Agreement (Summit Materials, LLC), Management Interest Subscription Agreement (Summit Materials, LLC), Management Subscription Agreement (APX Group Holdings, Inc.)

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Subsidiary. The term "Subsidiary" means any corporation, limited liability company, partnership or other entity corporation with respect to which another specified entity the Company owns a majority of the outstanding shares of common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Appears in 12 contracts

Samples: Change in Control Severance Agreement (Baltimore Gas & Electric Co), Control Severance Agreement (Baltimore Gas & Electric Co), Change in Control Severance Agreement (Baltimore Gas & Electric Co)

Subsidiary. The term “Subsidiary” means shall mean any corporation, limited liability company, partnership or other entity with respect to corporation of which another specified entity has the power to vote or direct the voting of sufficient Company owns securities to elect directors (or comparable authorized persons of such entity) having a majority of the ordinary voting power of in electing the board of directors (directly or comparable governing body) of such entitythrough one or more subsidiaries.

Appears in 7 contracts

Samples: Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Si International Inc)

Subsidiary. The term “Subsidiary," except as expressly provided otherwise, means any corporationentity that is directly or indirectly controlled by the Company or in which the Company has a significant ownership interest, limited liability companyas determined by the Board, partnership and any entity that may become a direct or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority indirect parent of the voting power of the board of directors (or comparable governing body) of such entityCompany.

Appears in 6 contracts

Samples: Qualified Stock Option Agreement (Photoworks Inc /Wa), Qualified Stock Option Agreement (Photoworks Inc /Wa), Nonqualified Stock Option Agreement (Photoworks Inc /Wa)

Subsidiary. The term “Subsidiary” Subsidiary means as to any Person, a corporation, limited liability company, partnership or other entity with respect to of which another specified entity has shares of stock or other ownership interests having ordinary voting power (other than such stock or such other ownership interests having such power only by reason of the power to vote or direct the voting happening of sufficient securities a contingency) to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) other managers of such entitycorporation, partnership, or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both by such Person.

Appears in 5 contracts

Samples: Loan Agreement (Peerless Manufacturing Co), Loan Agreement (Peerless Manufacturing Co), Loan Agreement (Peerless Manufacturing Co)

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity corporation with respect to which another specified entity the Company owns a majority of the outstanding shares of common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Appears in 5 contracts

Samples: Change in Control Severance Agreement (Baltimore Gas & Electric Co), Change in Control Severance Agreement (Baltimore Gas & Electric Co), Change in Control Severance Agreement (Constellation Energy Group Inc)

Subsidiary. The term “Subsidiary” means " shall mean any corporation, limited liability company, partnership corporation of which the Company or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient LLC owns securities to elect directors (or comparable authorized persons of such entity) having a majority of the ordinary voting power of in electing the board of directors (directly or comparable governing body) of such entitythrough one or more subsidiaries.

Appears in 5 contracts

Samples: Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Si International Inc)

Subsidiary. The term "Subsidiary” means any corporation" shall mean an entity in which the Company owns or otherwise controls, limited liability companydirectly or indirectly through one or more intermediaries, partnership 50% or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority more of the voting power of the board of directors (or comparable governing body) of outstanding equity interests in such entity.

Appears in 5 contracts

Samples: Deposit Agreement (Woori Finance Holdings Co LTD), Deposit Agreement (LG.Philips LCD Co., Ltd.), Deposit Agreement (LG.Philips LCD Co., Ltd.)

Subsidiary. The term “Subsidiary” means shall mean any corporation, limited liability company, partnership or other entity corporation with respect to which another a specified entity Person (or a Subsidiary thereof) owns a majority of the common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Appears in 5 contracts

Samples: Agreement and Plan of Merger (EMAV Holdings, Inc.), Agreement and Plan of Merger (Becoming Art Inc), Agreement and Plan of Merger (Becoming Art Inc)

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entity (or, in the case of Nevada Property 1 LLC, with respect to which another specified entity has a majority of the economic ownership interests in such entity).

Appears in 4 contracts

Samples: Management Unit Subscription Agreement (Nevada Property 1 LLC), Management Unit Subscription Agreement (Nevada Property 1 LLC), Management Unit Subscription Agreement (Nevada Property 1 LLC)

Subsidiary. The term “Subsidiary” means any corporationshall mean an entity in which the Company owns or otherwise controls, limited liability companydirectly or indirectly through one or more intermediaries, partnership 50% or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority more of the voting power of the board of directors (or comparable governing body) of outstanding equity interests in such entity.

Appears in 4 contracts

Samples: Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (Woori Bank)

Subsidiary. The term “Subsidiary" means with respect to any specified Person, corporation, limited liability company, partnership or other legal entity with respect to of which another specified entity has such Person or its Subsidiaries owns, directly or indirectly, more than 50% of the power stock or other equity interest entitled to vote or direct on the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority election of the voting power members of the board of directors (or comparable similar governing body) of such entity.

Appears in 4 contracts

Samples: Separation and Distribution Agreement (Pharmacopeia Drug Discovery Inc), Master Separation and Distribution Agreement (Medco Health Solutions Inc), Master Separation and Distribution Agreement (Medco Health Solutions Inc)

Subsidiary. The term “Subsidiary” means shall mean any corporation, trust, general or limited partnership, limited liability company, partnership limited liability partnership, firm, company or other entity with respect to business enterprise which another specified entity has is Controlled by the power to vote Company through direct ownership of the stock or direct the voting of sufficient securities to elect directors (or comparable authorized persons other proprietary interests of such entitybusiness enterprise or indirectly through the ownership of stock or other proprietary interests in one (1) having a majority or more other business enterprises which are connected with the Company by means of the voting power one (1) or more chains of the board business enterprises that are connected by ownership of directors (stock or comparable governing body) of such entityother proprietary interests.

Appears in 4 contracts

Samples: Employment Agreement (Telx Group, Inc.), Executive Employment Agreement (Telx Group, Inc.), Executive Employment Agreement (Telx Group, Inc.)

Subsidiary. The term “Subsidiary” means means, with respect to any person or entity, any corporation, limited liability company, partnership association or other entity with respect to of which another specified more than 50% of the combined voting power is owned, directly or indirectly, by such person or entity has the power to vote and one or direct the voting of sufficient securities to elect directors (or comparable authorized persons more other Subsidiaries of such entity) having a majority of the voting power of the board of directors (person or comparable governing body) of such entity.

Appears in 3 contracts

Samples: Change in Control Agreement (Lawson Products Inc/New/De/), Change in Control Agreement (Lawson Products Inc/New/De/), Change in Control Agreement (Lawson Products Inc/New/De/)

Subsidiary. The term “Subsidiary” means any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote shares of stock or direct the voting other indicia of sufficient securities to elect directors (or comparable authorized persons of such entity) having ownership possessing a majority of the ordinary voting power of in electing the board of directors (directors, or comparable governing body) exercising corresponding control in the case of such a non-corporate entity, is, at the time as of which any determination is being made, owned by the Company either directly or indirectly through one or more Subsidiaries.

Appears in 3 contracts

Samples: Placement Agent Agreement (Vendingdata Corp), Placement Agent Agreement (Vendingdata Corp), Placement Agent Agreement (Vendingdata Corp)

Subsidiary. The term “Subsidiary” means shall refer to (a) a corporation (or equivalent legal entity under foreign law) of which another Person owns directly or indirectly more than 50% of the stock, the holders of which are ordinarily and generally, in the absence of contingencies or understandings, entitled to vote for the election of directors, (b) any corporation, limited liability company, partnership company in which such Person owns directly or other entity with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority indirectly more than 50% of the voting power of the board of directors membership interests, and (c) any partnership in which such other Person owns directly or comparable governing body) of such entityindirectly more than a 50% interest.

Appears in 3 contracts

Samples: Venture Agreement (Penske Automotive Group, Inc.), Venture Agreement (Penske Automotive Group, Inc.), Penske Automotive Group, Inc.

Subsidiary. The term “Subsidiary" means with respect to any specified Person, any corporation, any limited liability company, any partnership or other legal entity with respect to of which another specified entity has such Person or its Subsidiaries owns, directly or indirectly, more than 50% of the power stock or other equity interest entitled to vote or direct on the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority election of the voting power members of the board of directors (or comparable similar governing body) . Unless context otherwise requires, reference to HP and its Subsidiaries shall not include the subsidiaries of such entityHP that will be transferred to Agilent after giving effect to the Separation, including the actions taken pursuant to the Non-US Plan.

Appears in 3 contracts

Samples: Indemnification and Insurance Matters Agreement (Agilent Technologies Inc), Assignment and Assumption Agreement (Agilent Technologies Inc), Indemnification and Insurance Matters Agreement (Agilent Technologies Inc)

Subsidiary. The term “Subsidiary" means any corporationeither (a) a corporation or other ---------- entity in which at all times more than fifty percent (50%) of the stock or other equity interests entitled to vote for the election of directors or equivalent governing body is owned by a party; or (b) subject to written approval by the other party, limited liability company, partnership a corporation or other entity with respect in which a party has effective management control but, due to which another specified entity has governmental restrictions or other business reasons, owns less than fifty percent (50%) of the power stock or other equity interests entitled to vote or direct for the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board election of directors (or comparable equivalent governing body) of such entity.

Appears in 2 contracts

Samples: Semiconductor Technology Agreement (Rambus Inc), Semiconductor Technology Agreement (Rambus Inc)

Subsidiary. The term “Subsidiary” means shall mean any corporation, limited liability company, partnership company or other entity with respect to of which another specified entity has the power to vote shares of stock or direct the voting of sufficient other equity securities to elect directors (or comparable authorized persons of such entity) having possessing at least a majority of the general voting power of electing the board of directors (or comparable other governing body) body are, at the time as of such entitywhich any determination in being made, owned by the Corporation, whether directly or indirectly through one or more Subsidiaries.

Appears in 2 contracts

Samples: Shareholders Agreement (O'Gara Group, Inc.), Shareholders Agreement (O'Gara Group, Inc.)

Subsidiary. The term “Subsidiary” means any corporationentity (other than the Company), limited liability companywhether domestic or foreign, partnership or other entity in an unbroken chain of entities beginning with respect to which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority Company if each of the entities other than the last entity in the unbroken chain beneficially owns, at the time of the determination, securities or interests representing at least 50% of the total combined voting power of all classes of securities or interests in one of the board of directors (or comparable governing body) of other entities in such entitychain.

Appears in 2 contracts

Samples: Restricted Stock Agreement (PGA Holdings, Inc.), Restricted Stock Agreement (PGA Holdings, Inc.)

Subsidiary. The term “Subsidiary" of a company means any corporation, limited liability company, partnership a corporation or other entity with respect to of which another specified entity has more than fifty percent (50%) of the power stock or other equity interests entitled to vote or direct for the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board election of directors (or comparable equivalent governing body) of body is owned by that company , but such entitycorporation or other entity shall be deemed to be a Subsidiary only so long as such ownership exists.

Appears in 2 contracts

Samples: License Agreement (Rambus Inc), License Agreement (Rambus Inc)

Subsidiary. The term “Subsidiary” means " shall mean any corporation, limited liability company, partnership or other entity with respect to corporation of which another specified entity has the power to vote or direct the voting of sufficient Company owns securities to elect directors (or comparable authorized persons of such entity) having a majority of the ordinary voting power of in electing the board of directors (directly or comparable governing body) of such entitythrough one or more subsidiaries.

Appears in 2 contracts

Samples: Executive Employment Agreement (Si International Inc), Executive Employment Agreement (Sun Power Corp)

Subsidiary. The term “Subsidiary” means with respect to any specified Person, corporation, limited liability company, partnership or other legal entity with respect to of which another specified entity has such Person or its Subsidiaries owns, directly or indirectly, more than 50% of the power stock or other equity interest entitled to vote or direct on the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority election of the voting power members of the board of directors (or comparable similar governing body) of such entity.

Appears in 2 contracts

Samples: Master Separation and Distribution Agreement (Pharmacopeia Inc), Master Separation and Distribution Agreement (Pharmacopeia Drug Discovery Inc)

Subsidiary. The term “Subsidiary” means any corporationshall mean, limited liability company, partnership or other entity with respect to a specified Person, any corporation or other Person of which another such specified entity has Persons owns, beneficially or of record, securities or other interests having the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the that corporation’s or other Person’s board of directors (or comparable similar governing body, or otherwise having the power to direct the business or policies of that corporation or other Person (other than securities or other interests having such power only upon the happening of a contingency that has not occurred) of such entityare held by the specified Person or one or more Subsidiaries.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Maxim Integrated Products Inc), Agreement and Plan of Merger (Volterra Semiconductor Corp)

Subsidiary. The term “Subsidiary" means any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote shares of stock or direct the voting other indicia of sufficient securities to elect directors (or comparable authorized persons of such entity) having ownership possessing a majority of the ordinary voting power of in electing the board of directors (directors, or comparable governing body) exercising corresponding control in the case of such a non-corporate entity, is, at the time as of which any determination is being made, owned by the Company either directly or indirectly through one or more Subsidiaries.

Appears in 2 contracts

Samples: Placement Agent Agreement (Body Art & Science Inc), Placement Agent Agreement (Eagle Golf Corp)

Subsidiary. The term “Subsidiary” means " shall mean any corporation, limited liability company---------- partnership, joint venture or other entity of which a party, directly or indirectly, owns Voting Stock sufficient to elect a majority of the Board of Directors (or persons performing similar functions) (irrespective of whether at the time any other class or classes of ownership interests of such corporation, partnership or other entity with respect to which another specified entity has the power to vote shall or direct the voting of sufficient securities to elect directors (or comparable authorized persons of might have such entity) having a majority of the voting power upon the occurrence of the board of directors (or comparable governing body) of such entityany contingency).

Appears in 2 contracts

Samples: Operating Agreement (Talk City Inc), Operating Agreement (Talk City Inc)

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Subsidiary. The term “Subsidiary" means any corporation, limited liability company, partnership or other entity corporation with respect to which another a specified entity Person (or a Subsidiary thereof) owns a majority of the common stock or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitydirectors.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Amacan Resources Corp)

Subsidiary. The term Subsidiarysubsidiarymeans shall mean any corporation, limited liability company, partnership or other entity with respect to which another a specified entity Person (or a Subsidiary thereof) owns a majority of the equity or has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable other governing body) of such entityboard.

Appears in 1 contract

Samples: Asset Purchase Agreement (Data443 Risk Mitigation, Inc.)

Subsidiary. The term “Subsidiary” means " shall mean any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having at least a majority of the outstanding capital stock or equity interest having voting power of the board of in ordinary circumstances to elect directors (or comparable governing body) of such entitycorporation or entity shall at the time be held, directly or indirectly, by the Company, by the Company and any one or more Subsidiaries thereof or by one or more Subsidiaries thereof.

Appears in 1 contract

Samples: Shareholders Agreement (Aris Industries Inc)

Subsidiary. The term "Subsidiary" means any corporation, limited liability company, partnership corporation or other entity with respect to in which another specified entity has the power to vote or direct Company and/or any Subsidiary of the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having Company owns a majority of the outstanding voting power of the board of directors (securities or comparable governing body) of such entityoutstanding voting interests.

Appears in 1 contract

Samples: Employment Agreement (Tinsley Laboratories Inc)

Subsidiary. The term For purposes of this Agreement, “Subsidiary” means is defined as any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote securities or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) other ownership interests having a majority of the voting power to elect a majority of the board of directors (or comparable other governing body) body are, at the time of such entitydetermination, owned by the Company directly or through one or more subsidiaries.

Appears in 1 contract

Samples: Cumming Employment Agreement (Icx Technologies Inc)

Subsidiary. The term “Subsidiary” means any corporation, limited liability companypartnership, partnership joint venture, or other entity in which the Company has a majority voting interest; provided, however, that with respect to which another specified ISOs, the term “Subsidiary” shall include only an entity has that qualifies under Code Section 424(f) as a “subsidiary corporation” with respect to the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entityCompany.

Appears in 1 contract

Samples: Novusterra Inc

Subsidiary. The term “Subsidiary” means " shall mean any corporation, limited liability association, joint stock company, partnership business trust or other entity with respect to similar organization of which another specified entity has 50% or more of the ordinary voting power to vote or direct for the voting election of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power members of the board of directors (or comparable other governing body) body of such entityentity is held or controlled by Tenant or a Subsidiary of Tenant, or any other such organization the management of which is directly or indirectly controlled by Tenant or a Subsidiary of Tenant through the exercise of voting power or otherwise; or any joint venture, whether incorporated or not, in which Tenant has a 50% ownership interest.

Appears in 1 contract

Samples: Octel Communications Corp

Subsidiary. The term “Subsidiary” means any corporationshall mean, limited liability company, partnership or other entity with respect to a specified Person, any corporation or other Person of which another such specified entity has Persons owns, beneficially or of record, securities or other interests having the power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the that corporation's or other Person's board of directors (or comparable similar governing body, or otherwise having the power to direct the business or policies of that corporation or other Person (other than securities or other interests having such power only upon the happening of a contingency that has not occurred) of such entityare held by the specified Person or one or more Subsidiaries.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Maxim Integrated Products Inc)

Subsidiary. The term “Subsidiary" means any corporation, limited liability company, partnership corporation or other entity with respect to of which another specified entity has the power to vote units of stock or direct the voting other Units of sufficient securities to elect directors (or comparable authorized persons of such entity) having ownership possessing a majority of the ordinary voting power of in electing the board of directors (directors, or comparable governing body) exercising corresponding control in the case of such a non-corporate entity, is, at the time as of which any determination is being made, owned by the Company either directly or indirectly through one or more Subsidiaries.

Appears in 1 contract

Samples: Placement Agent Agreement (Onecap)

Subsidiary. The term “Subsidiary” means shall mean any corporation, partnership, limited liability company, partnership limited liability partnership, joint venture, or other legal entity of which the specified Person (either alone and/or through and/or together with respect to which another specified entity has the power to vote any other Subsidiary) owns, directly or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority indirectly, more than 50% of the voting power stock or other equity or partnership interests the holders of which are generally entitled to vote for the election of the board of directors (or comparable other governing body) , of such entitylegal entity or of which the specified Person controls the management.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Energizer Holdings, Inc.)

Subsidiary. The term word “Subsidiary” means any a corporation, limited liability company, partnership or other entity with respect to which another specified entity has of whose shares of stock, units, or other ownership interests having ordinary voting power (other than stock or other ownership interest having such power only by reason of the power to vote or direct the voting happening of sufficient securities a contingency) to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or comparable governing body) of such entitycorporation, are owned, directly or indirectly, by Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Hall of Fame Resort & Entertainment Co)

Subsidiary. The term “Subsidiary” means with respect to any specified Person, any corporation, any limited liability company, any partnership or other legal entity with respect to of which another specified entity has the power to vote such Person owns, directly or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having indirectly, a majority of votes entitled to be cast in the voting power election of the members of the board of directors (or comparable similar governing body) of such entity.

Appears in 1 contract

Samples: Intellectual Property Agreement (Vmware, Inc.)

Subsidiary. The term "Subsidiary" means any corporation, partnership, limited liability company, partnership company or other entity with respect to of which another specified entity has the power Company or the Buyer, as the case may be, beneficially owns, directly or indirectly, 50% or more of the outstanding voting securities ordinarily entitled to vote or direct for the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board election of directors (or comparable governing body) of such entitypersons performing similar functions).

Appears in 1 contract

Samples: Agreement of Merger (Eclipsys Corp)

Subsidiary. The term "Subsidiary” means " shall mean, with reference to any corporationPerson, limited liability company, partnership or other entity with respect to any corporation of which another specified entity has the power to vote or direct the an amount of voting of securities sufficient securities to elect directors (or comparable authorized persons of such entity) having at least a majority of the voting power of the board of directors (or comparable governing body) of such entitycorporation is beneficially owned, directly or indirectly, by such Person, or otherwise controlled by such Person.

Appears in 1 contract

Samples: Staar Surgical Company

Subsidiary. The term “word "Subsidiary" means any a subsidiary of the Borrower, which includes, but is not limited to, a corporation, partnership, limited liability company, partnership or other entity with respect to in which another specified entity has the Borrower directly or indirectly owns or controls the shares of stock or other ownership interests having ordinary voting power to vote or direct the voting of sufficient securities to elect directors (or comparable authorized persons of such entity) having a majority of the voting power of the board of directors (or appoint other comparable governing bodymanagers) of such corporation, partnership, limited liability company, or other entity.

Appears in 1 contract

Samples: Loan and Security Agreement (Labor Ready Inc)

Subsidiary. The term “Subsidiary” means shall mean any corporation, corporation or limited liability company, partnership or other entity with respect to company of which another specified entity has the power to vote or direct the voting of sufficient Company owns securities to elect directors (or comparable authorized persons of such entity) having a majority of the ordinary voting power of in electing the board of directors (or comparable governing body) of such entitymanagers directly or through one or more subsidiaries.

Appears in 1 contract

Samples: Management Agreement (Caliburn International Corp)

Subsidiary. The term “Subsidiary” Subsidiary means any corporation, limited liability companyassociation, partnership trust, or other entity with respect to business entity, of which another specified entity has the power designated parent shall at any time own or control directly or indirectly through a Subsidiary or Subsidiaries at least a majority (by number of votes) of the outstanding shares of capital stock (or other shares of beneficial interest) entitled ordinarily to vote or direct for the voting election of sufficient securities to elect such business entity's directors (or comparable authorized persons in the case of such entity) having a majority business entity that is not a corporation, for those Persons exercising functions similar to directors of the voting power of the board of directors (or comparable governing body) of such entitya corporation).

Appears in 1 contract

Samples: Stockholder and Registration Rights Agreement (Friendly Ice Cream Corp)

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