Common use of Holding Company Activities Clause in Contracts

Holding Company Activities. The Company shall not, and shall not permit CDOC to, engage in any business or activity except owning all the outstanding shares of Capital Stock of their respective Subsidiaries and activities related or incidental thereto. The Company shall not permit CDOC to own or acquire any assets (except shares of Capital Stock of its Subsidiaries and cash and Cash Equivalents and other assets owned by it on the Effective Date) or incur any liabilities (except liabilities under the Loan Documents, liabilities imposed by law, including tax liabilities, liabilities in existence on the Effective Date and other liabilities incidental to its existence and permitted business and activities).

Holding Company Activities. The Company shall not, and shall not permit CDOC to, engage in any business or activity except owning all the outstanding shares of Capital Stock of their respective Subsidiaries and activities related or incidental thereto. The Company shall not permit CDOC to own or acquire any assets (except assets owned by it on the Effective Date and shares of Capital Stock of its Subsidiaries and cash and Cash Equivalents and other assets owned by it on the Effective Datefrom time to time) or incur any liabilities (except liabilities under the Loan Documents and the Senior Secured Notes Documents, liabilities imposed by law, including tax liabilities, liabilities in existence on the Effective Date and other liabilities incidental to its existence and permitted business and activities).