Examples of Intermediate Parent in a sentence
Sales relate to the Parent Company’s supply agreements with the Intermediate Parent and various SMC subsidiaries.
To the extent consistent with the rights of the United States the laws of the State of [JURISDICTION] shall apply to questions concerning the rights, powers, and duties of the Corporation, the Shareholder, [Intermediate Parent], and [Ultimate Parent] under, or by virtue of, this Agreement.
Neither Parent, Intermediate Parent nor Merger Sub has been, at any time during the three (3) years preceding the date of this Agreement, an “interested stockholder” of the Company, as defined in Section 203 of the DGCL.
Both Intermediate Parent and Merger Sub were formed solely for the purpose of engaging in the Transactions.
The relevant general manager shall then discuss with one of the Directors to evaluate whether the Group should continue to purchase such product from the Intermediate Parent Group or amend the relevant terms, with reference to factors such as the corporate background of such supplier, its reputation and reliability, and its ability to conduct the transaction in accordance with the terms of the agreement provided by it.