Common use of Application to Subsidiaries Clause in Contracts

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. 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.