Examlex
Hydraulically activated brake bands and multiple-friction disc packs are used to direct power flow through the transmission.
Assumes Liabilities
The act of taking on the legal debts or obligations of another party, often in the context of business transactions.
Fundamental Change
A significant alteration in the operation, structure, or nature of a business or organization that fundamentally changes its course or identity.
Unanimous Vote
A voting result where all participants cast the same vote, indicating total agreement.
Wholly Owned Subsidiary
A company whose entire stock is held by another company, making it completely controlled by the parent company.
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