Common use of Addition of Affiliates Clause in Contracts

Addition of Affiliates. Upon notice to Biosource, TDCC shall have the right to add to the definition of an Affiliate under this Agreement any entity in which TDCC owns or directly or indirectly controls more than fifty percent (50%) of the outstanding stock or other ownership interest of the corporation or entity, or if it possesses, directly or indirectly, the power to manage, direct or cause the direction of the management and policies of the corporation or other entity or the power to elect or appoint fifty percent (50%) or more of the members of the governing body of the corporation or other entity. If any such Affiliate will be sublicensed to use Discovery Technology or Production Technology Owned by Biosource, TDCC shall notify Biosource and such Affiliate will be required to confirm to Biosource in writing that it will abide by the obligations under this Agreement (including Section 3.16 hereof).