Common use of Parent Clause in Contracts

Parent. Parent means a company which by itself, or in concert with other companies with the same majority ownership or control as itself:

Parent. Parent means The term "Parent" shall mean any corporation, business entity or other Person that holds, either directly or indirectly, shares or ownership interests of another corporation or business entity possessing at least a company which by itself, majority of the voting power of that other corporation or in concert with other companies with the same majority ownership or control as itself:business entity.