Operating Subsidiary Sample Clauses

The Operating Subsidiary clause defines the rights, obligations, or status of a subsidiary company that is actively engaged in the business operations of a parent company. Typically, this clause clarifies how the operating subsidiary is treated under the agreement, such as whether its actions, assets, or liabilities are considered part of the parent company’s responsibilities. For example, it may specify that certain contractual obligations extend to or are limited by the activities of the operating subsidiary. The core function of this clause is to ensure clarity regarding the relationship between the parent and its operating subsidiary, thereby preventing disputes over which entity is accountable for specific duties or liabilities under the contract.
Operating Subsidiary. Operations and each other Subsidiary of the Borrower -------------------- that is engaged in the business of building out and operating one or more BTAs on behalf of one or more License Subsidiaries.
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Operating Subsidiary. (Liaoning Mobile Communication Company Limited)
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Operating Subsidiary. Each Wholly-Owned Subsidiary of the Borrower which owns or will own the equipment for, and will construct and operate the PCS Systems in one or more of the Designated BTAs.
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Operating Subsidiary. (Hebei Mobile Communication Company Limited) 12 MORTGAGES AND CHARGES: None
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Operating Subsidiary. 95 SECTION 6.20
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Operating Subsidiary. LANCER PARTNERSHIP, LTD. limited partnership By: Lancer Capital Corporation, a Delaware corporation, general partner By: /s/ SCOT▇ ▇▇▇▇▇ ---------------- Name: Scot▇ ▇▇▇▇▇ ------------- Title: Secretary ------------ MEXICO SUBSIDIARY: LANCER DE MEXICO, S.A. DE C.V., a sociedad anonima de capital variable organized under the laws of the United Mexican States By: /s/ SCOT▇ ▇▇▇▇▇ --------------- Name: Scot▇ ▇▇▇▇▇ ------------- Title: Secretary ------------ PARENT COMPANY: LANCER CORPORATION, a Texas corporation By: /s/ SCOT▇ ▇▇▇▇▇ --------------- Name: Scot▇ ▇▇▇▇▇ ------------- Title: Secretary ------------
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Operating Subsidiary 
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Operating Subsidiary 
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Related to Operating Subsidiary

  • Subsidiary For purposes of this Agreement, the term “subsidiary” means any corporation or limited liability company of which more than 50% of the outstanding voting securities or equity interests are owned, directly or indirectly, by the Company and one or more of its subsidiaries, and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary.

  • Subsidiaries All of the direct and indirect subsidiaries of the Company are set forth on Schedule 3.1(a). The Company owns, directly or indirectly, all of the capital stock or other equity interests of each Subsidiary free and clear of any Liens, and all of the issued and outstanding shares of capital stock of each Subsidiary are validly issued and are fully paid, non-assessable and free of preemptive and similar rights to subscribe for or purchase securities. If the Company has no subsidiaries, all other references to the Subsidiaries or any of them in the Transaction Documents shall be disregarded.

  • Wholly-Owned Subsidiaries Nothing herein shall be construed as preventing the amalgamation or merger of any wholly-owned direct or indirect subsidiary of Parent with or into Parent or the winding-up, liquidation or dissolution of any wholly-owned subsidiary of Parent provided that all of the assets of such subsidiary are transferred to Parent or another wholly-owned direct or indirect subsidiary of Parent and any such transactions are expressly permitted by this Article 10.

  • Material Subsidiary Prompt notice of any Person becoming a Material Subsidiary;

  • Domestic Subsidiaries Where Domestic Subsidiaries of the Borrower which are not Credit Parties hereunder (the "Non-Guarantor Subsidiaries") shall at any time constitute more than (the "Threshold Requirement"): (i) in any instance for any such Non-Guarantor Subsidiary, five percent (5%) of consolidated assets for the Consolidated Group or five percent (5%) of consolidated revenues for the Consolidated Group, or (ii) in the aggregate for all such Non-Guarantor Subsidiaries, ten percent (10%) of consolidated assets for the Consolidated Group or ten percent (10%) of consolidated revenues for the Consolidated Group, then the Borrower shall (i) promptly notify the Administrative Agent thereof, and promptly cause such Domestic Subsidiary or Subsidiaries to become a Guarantor by execution of a Joinder Agreement, such that immediately after joinder as a Guarantor, the remaining Non-Guarantor Subsidiaries shall not in any instance, or collectively, exceed the Threshold Requirement, (ii) deliver with the Joinder Agreement, supporting resolutions, incumbency certificates, corporate formation and organizational documentation and opinions of counsel as the Administrative Agent may reasonably request, and (iii) deliver stock certificates and related pledge agreements or pledge joinder agreements evidencing the pledge of 100% of the Voting Stock of all Domestic Subsidiaries (whether or not they are Guarantors) and 65% of the Voting Stock of all Foreign Subsidiaries, together with undated stock transfer powers executed in blank.