Common use of Significant Subsidiary Clause in Contracts

Significant Subsidiary. “Significant Subsidiary” with respect to an Entity shall mean any Subsidiary of such Entity that owns assets that constitute or account for 10% or more of the consolidated net revenues, consolidated net income or consolidated assets of such Entity and all of its Subsidiaries taken as a whole.

Significant Subsidiary. “The term "Significant Subsidiary” " means, with respect to an Entity shall mean any person, a Subsidiary of such Entity person that owns assets that would constitute or account for 10% or more a "significant subsidiary" as such term is defined under Rule 1-02 of Regulation S-X of the consolidated net revenues, consolidated net income or consolidated assets of such Entity Securities and all of its Subsidiaries taken as a wholeExchange Commission.