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Such organizational documents are in full force and effect, and no Subsidiary is in violation of any provision therein.\n(b) The Company owns beneficially and of record all of the issued and outstanding capital stock or other securities of each Subsidiary and does not own an equity interest in any other corporation, partnership or entity, other than in the Subsidiaries. Each outstanding share of capital stock or other securities of each Subsidiary is duly authorized, validly issued, fully paid and nonassessable and each such share or other equity interest owned by the Company or another Subsidiary is free and clear of all security interests, liens, claims, pledges, options, rights of first refusal, agreements, limitations on the Company's or such other Subsidiary's voting rights, charges and other encumbrances of any nature whatsoever.", "snippet_links": [{"key": "company-disclosure-letter", "type": "definition", "offset": [8, 33]}, {"key": "incorporation-of", "type": "clause", "offset": [83, 99]}, {"key": "the-subsidiaries", "type": "clause", "offset": [125, 141]}, {"key": "a-corporation", "type": "clause", "offset": [149, 162]}, {"key": "other-business-entity", "type": "definition", "offset": [166, 187]}, {"key": "duly-organized", "type": "clause", "offset": [188, 202]}, {"key": "validly-existing", "type": "clause", "offset": [204, 220]}, {"key": "in-good-standing", "type": "clause", "offset": [225, 241]}, {"key": "the-laws", "type": "definition", "offset": [248, 256]}, {"key": "authority-and", "type": "clause", "offset": [332, 345]}, {"key": "necessary-government-approvals", "type": "clause", "offset": [350, 380]}, {"key": "properties-and-assets", "type": "clause", "offset": [411, 432]}, {"key": "duly-qualified", "type": "definition", "offset": [497, 511]}, {"key": "foreign-corporation", "type": "definition", "offset": [544, 563]}, {"key": "properties-owned", "type": "definition", "offset": [636, 652]}, {"key": "nature-of", "type": "clause", "offset": [686, 695]}, {"key": "failure-to", "type": "clause", "offset": [770, 780]}, {"key": "in-the-aggregate", "type": "definition", "offset": [836, 852]}, {"key": "company-material-adverse-effect", "type": "definition", "offset": [861, 892]}, {"key": "the-company-has", "type": "clause", "offset": [894, 909]}, {"key": "available-to", "type": "definition", "offset": [928, 940]}, {"key": "the-parent", "type": "definition", "offset": [941, 951]}, {"key": "the-certificate-of-incorporation", "type": "clause", "offset": [980, 1012]}, {"key": "documents-of", "type": "clause", "offset": [1050, 1062]}, {"key": "as-amended", "type": "definition", "offset": [1085, 1095]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1142, 1163]}, {"key": "no-subsidiary", "type": "clause", "offset": [1169, 1182]}, {"key": "in-violation", "type": "definition", "offset": [1186, 1198]}, {"key": "of-record", "type": "definition", "offset": [1263, 1272]}, {"key": "issued-and-outstanding-capital-stock", "type": "clause", "offset": [1284, 1320]}, {"key": "other-securities", "type": "clause", "offset": [1324, 1340]}, {"key": "other-corporation", "type": "definition", "offset": [1403, 1420]}, {"key": "outstanding-share", "type": "definition", "offset": [1482, 1499]}, {"key": "duly-authorized", "type": "clause", "offset": [1559, 1574]}, {"key": "validly-issued", "type": "clause", "offset": [1576, 1590]}, {"key": "fully-paid-and-nonassessable", "type": "clause", "offset": [1592, 1620]}, {"key": "other-equity-interest", "type": "definition", "offset": [1644, 1665]}, {"key": "by-the-company", "type": "clause", "offset": [1672, 1686]}, {"key": "free-and-clear", "type": "clause", "offset": [1712, 1726]}, {"key": "security-interests", "type": "definition", "offset": [1734, 1752]}, {"key": "rights-of-first-refusal", "type": "definition", "offset": [1787, 1810]}, {"key": "limitations-on-the-company", "type": "clause", "offset": [1824, 1850]}, {"key": "other-subsidiary", "type": "definition", "offset": [1861, 1877]}, {"key": "voting-rights", "type": "definition", "offset": [1880, 1893]}, {"key": "other-encumbrances", "type": "definition", "offset": [1907, 1925]}], "size": 499, "hash": "0d8aab59354a8ea3c1621712c831bfc0", "id": 12}, {"samples": [{"hash": "b1ldT73dvFS", "uri": "/contracts/b1ldT73dvFS#subsidiaries", "label": "Merger Agreement (American Battery Materials, Inc.)", "score": 34.4154701233, "published": true}, {"hash": "30sQ2JVQbTO", "uri": "/contracts/30sQ2JVQbTO#subsidiaries", "label": "Merger Agreement (Seaport Global Acquisition II Corp.)", "score": 34.4154701233, "published": true}, {"hash": "5ld5n7sjYVR", "uri": "/contracts/5ld5n7sjYVR#subsidiaries", "label": "Merger Agreement (RMG Acquisition Corp.)", "score": 31.7597541809, "published": true}], "snippet": "(a) The Subsidiaries of the Company as of the date hereof are set forth on Schedule 4.02, including, as of such date, a description of the capitalization of each such Subsidiary and the names of the beneficial owners of all securities and other equity interests in each such Subsidiary. Each Subsidiary of the Company has been duly formed or organized and is validly existing under the Laws of its jurisdiction of incorporation or organization and has the organizational power and authority to own, lease and operate its assets and properties and to conduct its business as it is now being conducted. Each Subsidiary of the Company is duly licensed or qualified and in good standing as a foreign corporation (or other entity, if applicable) in each jurisdiction in which its ownership of property or the character of its activities is such as to require it to be so licensed or qualified or in good standing, as applicable, except where the failure to be so licensed or qualified has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.\n(b) Except for the Company\u2019s or any of its Subsidiaries\u2019 ownership interest in such Subsidiaries, neither the Company nor any of its Subsidiaries owns any capital stock or any other equity interests in any other Person or has any right, option, warrant, conversion right, stock appreciation right, redemption right, repurchase right, agreement, arrangement or commitment of any character under which a Person is or may become obligated to issue or sell, or give any right to subscribe for or acquire, or in any way dispose of, any shares of the capital stock or other equity interests, or any securities or obligations exercisable or exchangeable for or convertible into any shares of the capital stock or other equity interests, of such Person.", "snippet_links": [{"key": "the-subsidiaries-of-the-company", "type": "clause", "offset": [4, 35]}, {"key": "date-hereof", "type": "clause", "offset": [46, 57]}, {"key": "on-schedule", "type": "definition", "offset": [72, 83]}, {"key": "description-of-the", "type": "clause", "offset": [120, 138]}, {"key": "names-of", "type": "clause", "offset": [186, 194]}, {"key": "the-beneficial-owners", "type": "clause", "offset": [195, 216]}, {"key": "all-securities", "type": "clause", "offset": [220, 234]}, {"key": "other-equity-interests", "type": "definition", "offset": [239, 261]}, {"key": "the-company-has", "type": "clause", "offset": [306, 321]}, {"key": "duly-formed", "type": "clause", "offset": [327, 338]}, {"key": "validly-existing", "type": "clause", "offset": [359, 375]}, {"key": "the-laws", "type": "definition", "offset": [382, 390]}, {"key": "organization-and", "type": "clause", "offset": [431, 447]}, {"key": "authority-to", "type": "definition", "offset": [481, 493]}, {"key": "assets-and-properties", "type": "clause", "offset": [521, 542]}, {"key": "being-conducted", "type": "definition", "offset": [584, 599]}, {"key": "duly-licensed", "type": "definition", "offset": [635, 648]}, {"key": "in-good-standing", "type": "clause", "offset": [666, 682]}, {"key": "foreign-corporation", "type": "definition", "offset": [688, 707]}, {"key": "other-entity", "type": "clause", "offset": [712, 724]}, {"key": "if-applicable", "type": "definition", "offset": [726, 739]}, {"key": "ownership-of-property", "type": "clause", "offset": [775, 796]}, {"key": "failure-to", "type": "clause", "offset": [941, 951]}, {"key": "in-the-aggregate", "type": "definition", "offset": [1054, 1070]}, {"key": "material-adverse-effect", "type": "definition", "offset": [1074, 1097]}, {"key": "for-the-company", "type": "clause", "offset": [1110, 1125]}, {"key": "ownership-interest", "type": "definition", "offset": [1156, 1174]}, {"key": "neither-the-company", "type": "definition", "offset": [1197, 1216]}, {"key": "any-other-person", "type": "definition", "offset": [1301, 1317]}, {"key": "conversion-right", "type": "definition", "offset": [1353, 1369]}, {"key": "stock-appreciation-right", "type": "clause", "offset": [1371, 1395]}, {"key": "redemption-right", "type": "definition", "offset": [1397, 1413]}, {"key": "repurchase-right", "type": "definition", "offset": [1415, 1431]}, {"key": "a-person", "type": "definition", "offset": [1499, 1507]}, {"key": "to-issue", "type": "clause", "offset": [1535, 1543]}, {"key": "right-to-subscribe", "type": "clause", "offset": [1565, 1583]}, {"key": "dispose-of", "type": "definition", "offset": [1614, 1624]}, {"key": "shares-of", "type": "clause", "offset": [1630, 1639]}, {"key": "the-capital-stock", "type": "clause", "offset": [1640, 1657]}], "size": 432, "hash": "ae1417199c5ec942df59c483885abcd6", "id": 13}, {"samples": [{"hash": "gx1V2fzzjQL", "uri": "/contracts/gx1V2fzzjQL#subsidiaries", "label": "Merger Agreement (Pharmhouse Corp)", "score": 18.0, "published": true}, {"hash": "dV4PJXkjbeZ", "uri": "/contracts/dV4PJXkjbeZ#subsidiaries", "label": "Merger Agreement (Phar Mor Inc)", "score": 18.0, "published": true}, {"hash": "Vlkr9wkNob", "uri": "/contracts/Vlkr9wkNob#subsidiaries", "label": "Merger Agreement (Pharmhouse Corp)", "score": 18.0, "published": true}], "snippet": "(a) Schedule 3.06 lists each of the Company's subsidiaries and the jurisdiction of incorporation and organization of each Subsidiary. Each Company Subsidiary is a corporation duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation, has all corporate powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted and is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction where the character of the property owned or leased by it or the nature of its activities makes such qualification necessary, except for those jurisdictions where failure to be so qualified would not, individually or in the aggregate, have a Material Adverse Effect. All Company Subsidiaries and their respective jurisdictions of incorporation are identified on Schedule 3.06(a).\n(b) Except as set forth in Schedule 3.06(b) or as disclosed in the SEC Reports, all of the outstanding capital stock of, or other ownership interests in, each Company Subsidiary, is owned by the Company, directly or indirectly, free and clear of any Lien and free of any other limitation or restriction (including any restriction on the right to vote, sell or otherwise dispose of such capital stock or other ownership interests). There are no outstanding (i) securities of the Company or any Company Subsidiary convertible into or exchangeable for shares of capital stock or other voting securities or ownership interests in any Company Subsidiary, (ii) options or other rights to acquire from the Company or any Company Subsidiary, and no other obligation of the Company or any Company Subsidiary to issue, any capital stock, voting securities or other ownership interests in, or any securities convertible into or exchangeable for any capital stock, voting securities or ownership interests in, any Company Subsidiary or (iii) stock appreciation rights or similar rights with respect to any securities of any Company Subsidiary (the items in clauses 3.06(b)(i), 3.06(b)(ii) and 3.06(b)(iii) being referred to collectively as the (\"Company Subsidiary Securities\"). There are no outstanding obligations of the Company or any Company Subsidiary to repurchase, redeem or otherwise acquire any outstanding Company Subsidiary Securities.", "snippet_links": [{"key": "incorporation-and-organization", "type": "clause", "offset": [83, 113]}, {"key": "a-corporation", "type": "clause", "offset": [161, 174]}, {"key": "duly-incorporated", "type": "clause", "offset": [175, 192]}, {"key": "validly-existing", "type": "clause", "offset": [194, 210]}, {"key": "in-good-standing", "type": "clause", "offset": [215, 231]}, {"key": "the-laws", "type": "definition", "offset": [238, 246]}, {"key": "corporate-powers", "type": "clause", "offset": [293, 309]}, {"key": "governmental-licenses", "type": "clause", "offset": [327, 348]}, {"key": "approvals-required", "type": "clause", "offset": [379, 397]}, {"key": "carry-on", "type": "definition", "offset": [401, 409]}, {"key": "qualified-to-do-business", "type": "clause", "offset": [452, 476]}, {"key": "foreign-corporation", "type": "definition", "offset": [482, 501]}, {"key": "the-property", "type": "clause", "offset": [570, 582]}, {"key": "nature-of", "type": "clause", "offset": [612, 621]}, {"key": "failure-to", "type": "clause", "offset": [710, 720]}, {"key": "in-the-aggregate", "type": "definition", "offset": [764, 780]}, {"key": "material-adverse-effect", "type": "definition", "offset": [789, 812]}, {"key": "company-subsidiaries", "type": "definition", "offset": [818, 838]}, {"key": "on-schedule", "type": "definition", "offset": [906, 917]}, {"key": "the-sec-reports", "type": "definition", "offset": [990, 1005]}, {"key": "outstanding-capital-stock", "type": "definition", "offset": [1018, 1043]}, {"key": "by-the-company", "type": "clause", "offset": [1115, 1129]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1131, 1153]}, {"key": "free-and-clear", "type": "clause", "offset": [1155, 1169]}, {"key": "other-limitation", "type": "clause", "offset": [1198, 1214]}, {"key": "restriction-on", "type": "clause", "offset": [1245, 1259]}, {"key": "the-right-to-vote", "type": "clause", "offset": [1260, 1277]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [1287, 1307]}, {"key": "stock-or-other-ownership-interests", "type": "clause", "offset": [1321, 1355]}, {"key": "securities-of-the-company", "type": "clause", "offset": [1387, 1412]}, {"key": "shares-of-capital-stock", "type": "clause", "offset": [1476, 1499]}, {"key": "other-voting-securities", "type": "definition", "offset": [1503, 1526]}, {"key": "rights-to-acquire", "type": "clause", "offset": [1599, 1616]}, {"key": "from-the-company", "type": "clause", "offset": [1617, 1633]}, {"key": "obligation-of-the-company", "type": "clause", "offset": [1674, 1699]}, {"key": "to-issue", "type": "clause", "offset": [1726, 1734]}, {"key": "stock-appreciation-rights", "type": "definition", "offset": [1957, 1982]}, {"key": "with-respect-to", "type": "clause", "offset": [2001, 2016]}, {"key": "the-items", "type": "definition", "offset": [2059, 2068]}, {"key": "in-clauses", "type": "clause", "offset": [2069, 2079]}, {"key": "company-subsidiary-securities", "type": "definition", "offset": [2161, 2190]}, {"key": "obligations-of-the-company", "type": "clause", "offset": [2219, 2245]}, {"key": "outstanding-company", "type": "clause", "offset": [2319, 2338]}], "size": 408, "hash": "aa044fab970b0d3ac98b17b94317672a", "id": 15}, {"samples": [{"hash": "l5ARTV69vH9", "uri": "/contracts/l5ARTV69vH9#subsidiaries", "label": "Underwriting Agreement (Linkhome Holdings Inc.)", "score": 34.5701560974, "published": true}, {"hash": "ira9CoOa8Vl", "uri": "/contracts/ira9CoOa8Vl#subsidiaries", "label": "Underwriting Agreement (Linkhome Holdings Inc.)", "score": 34.5427780151, "published": true}, {"hash": "iaBwwxrtQ5C", "uri": "/contracts/iaBwwxrtQ5C#subsidiaries", "label": "Underwriting Agreement (Linkhome Holdings Inc.)", "score": 34.48254776, "published": true}], "snippet": "Each of the Company\u2019s direct and indirect subsidiaries (each a \u201cSubsidiary\u201d and collectively, the \u201cSubsidiaries\u201d) has been identified on Schedule E hereto. There is no entity which the Company indirectly controls through contractual arrangements. Each of the Subsidiaries has been duly formed, is validly existing and in good standing under the laws of the jurisdiction of its incorporation or has been duly formed and validly exists as a limited liability company under the laws of the jurisdiction of its formation, has full power and authority (corporate or otherwise) to own its property and to conduct its business as described in the Prospectus, and is duly qualified to transact business and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property requires such qualification, except to the extent that the failure to be so qualified or be in good standing would not result in a Material Adverse Change on the Company and its Subsidiaries, taken as a whole. Except as otherwise disclosed in the Disclosure Package and the Prospectus, all of the equity interests of each Subsidiary have been duly and validly authorized and issued, are owned directly or indirectly by the Company, are fully paid in accordance with its articles of association and non-assessable and are free and clear of all liens, encumbrances, equities or claims (\u201cLiens\u201d). None of the outstanding share capital or equity interest in any Subsidiary was issued in violation of preemptive or similar rights of any security holder of such Subsidiary. All of the constitutive or organizational documents of each of the Subsidiaries comply with the requirements of applicable laws of its jurisdiction of incorporation or organization and are in full force and effect. Apart from the Subsidiaries, the Company has no direct or indirect subsidiaries or any other company over which it has direct or indirect effective control. Other than the Subsidiaries, the Company does not directly or indirectly control any entity through contractual arrangements or otherwise such that the entity would be deemed a consolidated affiliated entity whose financial results would be consolidated under U.S. GAAP with the financial results of the Company on the consolidated financial statements of the Company, regardless of whether the Company directly or indirectly owns less than a majority of the equity interests of such person.", "snippet_links": [{"key": "indirect-subsidiaries", "type": "definition", "offset": [33, 54]}, {"key": "schedule-e", "type": "definition", "offset": [137, 147]}, {"key": "no-entity", "type": "clause", "offset": [165, 174]}, {"key": "contractual-arrangements", "type": "definition", "offset": [221, 245]}, {"key": "the-subsidiaries", "type": "clause", "offset": [255, 271]}, {"key": "duly-formed", "type": "clause", "offset": [281, 292]}, {"key": "validly-existing", "type": "clause", "offset": [297, 313]}, {"key": "in-good-standing", "type": "clause", "offset": [318, 334]}, {"key": "the-laws", "type": "definition", "offset": [341, 349]}, {"key": "limited-liability-company", "type": "definition", "offset": [439, 464]}, {"key": "full-power-and-authority", "type": "clause", "offset": [522, 546]}, {"key": "in-the-prospectus", "type": "clause", "offset": [633, 650]}, {"key": "duly-qualified", "type": "definition", "offset": [659, 673]}, {"key": "transact-business", "type": "definition", "offset": [677, 694]}, {"key": "conduct-of-its-business", "type": "clause", "offset": [753, 776]}, {"key": "leasing-of-property", "type": "clause", "offset": [797, 816]}, {"key": "except-to-the-extent", "type": "clause", "offset": [846, 866]}, {"key": "failure-to", "type": "clause", "offset": [876, 886]}, {"key": "a-material-adverse-change", "type": "clause", "offset": [946, 971]}, {"key": "the-company-and-its-subsidiaries", "type": "clause", "offset": [975, 1007]}, {"key": "taken-as-a-whole", "type": "clause", "offset": [1009, 1025]}, {"key": "package-and-the-prospectus", "type": "clause", "offset": [1075, 1101]}, {"key": "the-equity-interests", "type": "clause", "offset": [1110, 1130]}, {"key": "authorized-and-issued", "type": "clause", "offset": [1177, 1198]}, {"key": "owned-directly-or-indirectly", "type": "definition", "offset": [1204, 1232]}, {"key": "by-the-company", "type": "clause", "offset": [1233, 1247]}, {"key": "fully-paid", "type": "clause", "offset": [1253, 1263]}, {"key": "in-accordance-with", "type": "clause", "offset": [1264, 1282]}, {"key": "articles-of-association", "type": "definition", "offset": [1287, 1310]}, {"key": "free-and-clear", "type": "clause", "offset": [1338, 1352]}, {"key": "outstanding-share-capital", "type": "definition", "offset": [1423, 1448]}, {"key": "in-violation", "type": "definition", "offset": [1497, 1509]}, {"key": "rights-of", "type": "clause", "offset": [1535, 1544]}, {"key": "security-holder", "type": "definition", "offset": [1549, 1564]}, {"key": "documents-of", "type": "clause", "offset": [1627, 1639]}, {"key": "the-requirements", "type": "clause", "offset": [1677, 1693]}, {"key": "applicable-laws", "type": "definition", "offset": [1697, 1712]}, {"key": "organization-and", "type": "clause", "offset": [1753, 1769]}, {"key": "full-force-and-effect", "type": "definition", "offset": [1777, 1798]}, {"key": "the-company-has", "type": "clause", "offset": [1829, 1844]}, {"key": "direct-or-indirect", "type": "clause", "offset": [1848, 1866]}, {"key": "other-company", "type": "clause", "offset": [1887, 1900]}, {"key": "effective-control", "type": "clause", "offset": [1938, 1955]}, {"key": "the-entity", "type": "clause", "offset": [2105, 2115]}, {"key": "consolidated-affiliated-entity", "type": "definition", "offset": [2134, 2164]}, {"key": "financial-results", "type": "definition", "offset": [2171, 2188]}, {"key": "the-financial", "type": "clause", "offset": [2232, 2245]}, {"key": "results-of-the", "type": "clause", "offset": [2246, 2260]}, {"key": "financial-statements-of-the-company", "type": "definition", "offset": [2289, 2324]}, {"key": "a-majority", "type": "clause", "offset": [2398, 2408]}], "size": 397, "hash": "6f908453747d017830e88c701b124f32", "id": 18}, {"samples": [{"hash": "gYdq2jZrsYF", "uri": "/contracts/gYdq2jZrsYF#subsidiaries", "label": "Standby Equity Purchase Agreement (Biote Corp.)", "score": 33.5694732666, "published": true}, {"hash": "8gLzn9bb4GX", "uri": "/contracts/8gLzn9bb4GX#subsidiaries", "label": "Standby Equity Purchase Agreement (KULR Technology Group, Inc.)", "score": 33.3696098328, "published": true}, {"hash": "4jTnMuBfUhQ", "uri": "/contracts/4jTnMuBfUhQ#subsidiaries", "label": "Standby Equity Purchase Agreement (Medalist Diversified REIT, Inc.)", "score": 32.8904876709, "published": true}], "snippet": "Except as disclosed in the SEC Documents, the Company does not presently own or control, directly or indirectly, any interest in any other corporation, partnership, association or other business entity.", "snippet_links": [{"key": "the-sec-documents", "type": "clause", "offset": [23, 40]}, {"key": "the-company", "type": "clause", "offset": [42, 53]}, {"key": "own-or-control", "type": "definition", "offset": [73, 87]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [89, 111]}, {"key": "other-corporation", "type": "definition", "offset": [133, 150]}, {"key": "other-business-entity", "type": "definition", "offset": [180, 201]}], "size": 333, "hash": "00c97b17b598e8926e89d17081979cf0", "id": 20}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVzdWJzaWRpYXJpZXMjMDAwMDAwMTQMogECZW4YACAA", "clause": {"children": [["", ""], ["capitalization", "Capitalization"], ["insurance", "Insurance"], ["subsidiaries", "Subsidiaries"], ["litigation", "Litigation"]], "parents": [["representations-and-warranties", "Representations and Warranties"], ["representations-and-warranties-of-the-company", "Representations and Warranties of the Company"], ["miscellaneous", "Miscellaneous"], ["negative-covenants", "NEGATIVE COVENANTS"], ["affirmative-covenants", "AFFIRMATIVE COVENANTS"]], "title": "Subsidiaries", "size": 84065, "id": "subsidiaries", "related": [["company-subsidiaries", "Company Subsidiaries", "Company <strong>Subsidiaries</strong>"], ["material-subsidiaries", "Material Subsidiaries", "Material <strong>Subsidiaries</strong>"], ["organization-subsidiaries", "Organization; Subsidiaries", "Organization; <strong>Subsidiaries</strong>"], ["subsidiary", "Subsidiary", "Subsidiary"], ["company-subsidiaries-equity-interests", "Company Subsidiaries; Equity Interests", "Company <strong>Subsidiaries</strong>; Equity Interests"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": ["How can the definition of 'Subsidiaries' be strategically broadened or narrowed to benefit our position?", "What essential elements must be included to ensure all relevant entities are captured?", "What are the main risks if a subsidiary is inadvertently omitted or misclassified?", "How does this clause compare to standard definitions in similar agreements or under applicable law?", "What factors do courts consider when determining if an entity qualifies as a subsidiary for enforcement purposes?"], "drafting_tip": "Define 'subsidiaries' precisely to avoid ambiguity; list included entities to ensure clarity; specify inclusion criteria to prevent disputes.", "explanation": "The \"Subsidiaries\" clause defines how the term \"subsidiaries\" is interpreted and applied within the agreement. Typically, it clarifies whether the rights, obligations, or benefits outlined in the contract extend to companies that are controlled by, or under common control with, a party to the agreement. For example, if a parent company enters into a contract, this clause may specify that its wholly-owned subsidiaries are also covered by the contract\u2019s terms. The core function of this clause is to ensure clarity regarding the scope of the agreement, preventing disputes about whether affiliated entities are included or excluded from contractual provisions."}, "json": true, "cursor": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVzdWJzaWRpYXJpZXMjMDAwMDAwMGEMogECZW4YACAA"}}