Common use of Parent Subsidiary Clause in Contracts

Parent Subsidiary. Prior to Closing, Parent shall have the right, but not the obligation, to create or designate a subsidiary of Parent to serve as the “Purchaser” pursuant to this Agreement and transactions contemplated hereby. If Parent exercises its right under this Section 2.12, it shall promptly notify Seller and cause such subsidiary to execute a counterpart signature page to this Agreement, after which time all references to Purchaser shall refer to such subsidiary. Until Parent complies with the foregoing, Parent shall be deemed to be the Purchaser for purposes of this Agreement.