Application to Subsidiaries Sample Clauses
The "Application to Subsidiaries" clause extends the rights, obligations, or protections outlined in an agreement to include the subsidiaries of one or both parties. In practice, this means that any provisions—such as confidentiality, indemnification, or service delivery—apply not only to the main contracting entities but also to their controlled affiliate companies. This clause ensures that the agreement's terms are consistently enforced across a broader corporate group, preventing loopholes where subsidiaries might otherwise be excluded from compliance or benefit.
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Application to Subsidiaries. The promises and covenants made by the Employee to the Company in this Agreement shall apply with the same force and effect and shall inure to the benefit of any Subsidiary or joint venture of the Company, whether such Subsidiary or joint venture exists as of the date hereof or shall exist at any date for which a promise or covenant made by the Employee pursuant to this Agreement shall be in effect. "Subsidiary" shall mean any corporation of which the Company owns securities having a majority of the ordinary voting power in electing the board of directors directly or through one or more subsidiaries.
Application to Subsidiaries. The Agreement is entered into by PKS and KMC on behalf of themselves and each member of the PKS Group and the KMC Group, respectively. This Agreement constitutes a direct obligation of each such member.
Application to Subsidiaries. The Shareholders agree that the provisions of Clauses 6.1 to 6.13, 11.1, 12, 13.2 and 14.3 shall apply mutatis mutandis to each subsidiary of the Company and shall, where required, cast their votes in favour of any resolutions of the Company for the purposes of the foregoing. In connection with the foregoing, references in such Clauses to:
Application to Subsidiaries. The obligations of either party hereunder shall be applicable to subsidiaries of each such party. "Subsidiary" shall mean any entity owned fifty percent (50%) or more by a party.
Application to Subsidiaries. For purposes of this Section 3 and of Section 2 hereof, the term "Employer" shall include Employer and any and all of Employer's subsidiaries or ventures, or any affiliates of Employer (as such term is defined under the Securities Act of 1933), whether currently existing or hereafter formed. The affiliates of Employer are not intended to be construed as meaning other controlled affiliates of First Reserve Corporation.
Application to Subsidiaries. Section 5.01. Relevant Companies (other than the Company).
(a) Each party agrees, and must ensure, that, to the extent a Relevant Company (other than the Company) is governed by a board of directors (except as otherwise agreed by the Shareholders in writing), the board and governance of such Relevant Company follows the board composition, board operation, approval of certain matters, rules and management rules set out in ARTICLE IV, provided that ARTICLE IV shall apply as if a reference to the Company were a reference to the Relevant Company (other than the Company).
(b) The Company agrees to exercise its voting power in each of GeoPark ▇▇▇▇, GeoPark Columbia and GeoPark ▇▇▇▇▇▇ and to procure the exercise of voting power by each of GeoPark ▇▇▇▇, GeoPark Columbia and GeoPark ▇▇▇▇▇▇ to the extent necessary from time to time to give effect to this ARTICLE V and to ensure that each Relevant Company and each subsidiary of a Relevant Company is administered in accordance with this agreement.
Application to Subsidiaries. References in Section 9.1 to matters relating to the Company which shall require approval by the Board shall include references to the same matter in relation to any Subsidiary from time to time.
Application to Subsidiaries. This Agreement is entered into by Level 3 and Kiewit on behalf of themselves and each member of the Level 3 Group and the Kiewit Group, respectively. This Agreement constitutes a direct obligation of each such member.
Application to Subsidiaries. For purposes of this Section 3 and of Section 2 hereof, the term “Employer” shall include Employer and any and all of Employer’s subsidiaries or ventures, or any affiliates of Employer (as such term is defined under the Securities Act of 1933), whether currently existing or hereafter formed.
Application to Subsidiaries. This Article 3 except for section 3.6, shall apply MUTATIS MUTANDIS to the conduct of the affairs and business of each Subsidiary of the Corporation.