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Common use of Subsidiary Relationship Clause in Contracts

Subsidiary Relationship. The Investor is an indirect wholly-owned subsidiary of PBL and will remain an indirect majority owned subsidiary of PBL so long as it owns or holds any of the Securities.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Kelisia Holdings LTD), Securities Purchase Agreement (Pharmathene, Inc), Securities Purchase Agreement (Kelisia Holdings LTD)

Related Clauses

  • Fiduciary Relationship
  • No Fiduciary Relationship
  • No Advisory or Fiduciary Relationship
  • Absence of Fiduciary Relationship
  • No Agency Relationship

Parent Clauses

  • Representations and Warranties of the Company to the Investor
  • Disclosure
  • Representations, Warranties and Covenants of the Investor to the Company
  • Representations and Warranties of Axiall Corporation
  • Representations and Warranties of the Company
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