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This excerpt taken from the CVS 8-K filed Mar 23, 2007. “Subsidiary”:
at any time and from time to time, any
corporation, association, partnership, limited liability company, joint venture
or other business entity of which the Borrower and/or any Subsidiary of the
Borrower, directly or indirectly at such time, either (a) in respect of a
corporation, owns or controls more than 50% of the outstanding stock having
ordinary voting power to elect a majority of the board of directors or similar
managing body, irrespective of whether a class or classes shall or might have
voting power by reason of the happening of any contingency, or (b) in respect
of
an association, partnership, limited liability company, joint venture or other
business entity, is entitled to share in more than 50% of the profits and
losses, however determined.
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