Dormant Entities. Not allow or permit any Dormant Entity to (i) have or hold any assets of any kind or nature other than the Capital Securities of another Loan Party, (ii) have or incur any liabilities, obligations or Debt of any kind other than incidental corporate maintenance items, incidental tax liabilities, or (iii) have any operations or employees.
Dormant Entities. None of the Dormant Entities (i) have or hold any assets of any kind or nature other than the Capital Securities of another Loan Party, (ii) have any liabilities, obligations or Debt of any kind other than incidental corporate maintenance items, incidental tax liabilities, or (iii) have any operations or employees. The complete and accurate legal name and state of formation of each Dormant Entity is fully, completely and accurately listed in the definition of “Dormant Entity.”
Dormant Entities. (a) There are no dormant entities among the Target Group Companies other than those dormant entities identified in Exhibit 4.19.
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Dormant Entities. Prior to the Closing, Sellers shall cause the stock of DHL, Xxxxx Houses International, NAS-Xxxxx and DHI (collectively, the "DORMANT ENTITIES") and SAPADO II, General Partnership to be liquidated, sold, distributed and/or dissolved in accordance with the provisions set forth on SCHEDULE 5.6.
Dormant Entities. The definition of “Dormant Entities” in Section 1.1 of the Credit Agreement is deleted and replaced with the following:
Dormant Entities. As at the Signature Date, the Subsidiaries of the Borrower listed in Annexure L (“Dormant Entities”) are not trading or conducting business of any nature whatsoever. If any Dormant Entity recommences any trading or conducts any business at any time during the term of this Agreement, the Borrower shall forthwith notify the Lender thereof.
Dormant Entities. Each Dormant Entity has: (a) been dissolved in accordance with the laws of its jurisdiction of organization, (b) forfeited its charter under the laws of its state of organization, (c) been merged out of existence, (d) been suspended or deemed "inactive" under the laws of its state of organization with no intention by any Credit Party to reinstate, or (e) all of its Stock or other equity securities outstanding issued to and held by Persons other than Borrower and the other Credit Parties. No Credit Party is party to any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) or has any contractual relationship with any Dormant Entity, nor does any Credit Party have any plans to enter into any such transaction or contractual relationship with any Dormant Entity.
Dormant Entities. Neither Borrower nor any other Credit Party will: (a) become party to any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) or establish any contractual relationship with any Dormant Entity, (b) reinstate any Dormant Entity, or (c) purchase all or any portion of the Stock or other equity securities of any Dormant Entity.
Dormant Entities. The following entities have been Dormant Entities, and as of the Test Date continue to be, Dormant Entities:
