Common use of Subsidiary, Holding Company, Wholly Owned Subsidiary and Wholly Owned Group Clause in Contracts

Subsidiary, Holding Company, Wholly Owned Subsidiary and Wholly Owned Group. For the purposes of this deed: (a) A company is a Subsidiary of another company, its Holding Company or HoldCo, if that other company: (i) holds a majority of the voting rights in it; or (ii) is a member of it and has the right to appoint or remove a majority of its board of directors; or (iii) is a member of it and controls alone, pursuant to an agreement with other members, a majority of the voting rights in it, or if it is a Subsidiary of a company that is itself a Subsidiary of that other company. (b) A company is a Wholly Owned Subsidiary of another company, its HoldCo, if it has no members other than HoldCo and HoldCo’s wholly owned Subsidiaries or persons acting on behalf of HoldCo or its wholly owned Subsidiaries.

Subsidiary, Holding Company, Wholly Owned Subsidiary and Wholly Owned Group. For the purposes of this deedagreement: (a) A company is a Subsidiary of another company, its Holding Company or HoldCoCompany, if that other company: (i) holds a majority of the voting rights in it; or (ii) is a member of it and has the right to appoint or remove a majority of its board of directors; or (iii) is a member of it and controls alone, pursuant to an agreement with other members, a majority of the voting rights in it, or if it is a Subsidiary of a company that is itself a Subsidiary of that other company. (b) A company is a Wholly Owned Subsidiary of another company, its company (HoldCo, ) if it has no members other than HoldCo and HoldCo’s wholly owned Subsidiaries or persons acting on behalf of HoldCo or its wholly owned Subsidiaries.