Rights of Subsidiaries. IBM and its subsidiaries may exercise any of the rights under the Agreement; however, both parties agree that Symbios' obligation to sell Products to any IBM subsidiary is subject to Symbios' prior approval, which will not be unreasonably withheld, of the individual IBM subsidiary. Notwithstanding the foregoing, distribution of Products directly between IBM and its subsidiaries without Symbios' prior approval, whether by sale or otherwise, is exempted from the provisions of this paragraph.
Appears in 2 contracts
Sources: Production Procurement Agreement (Lsi Logic Storage Systems Inc), Production Procurement Agreement (Engenio Information Technologies, Inc.)