Holdings Companies Sample Clauses

Holdings Companies. Except for the ownership interest in Real Property set forth in Schedule 6.19 (and Indebtedness evidenced by Qualified Senior Notes, the Convertible Senior Notes, the Fixed Rate Senior Unsecured Notes, the Floating Rate Senior Unsecured Notes and the 2007 Senior Unsecured Convertible Notes), (i) permit any Holding Company to engage in any trade or business other than providing administrative and managerial services on behalf of the Companies, (ii) permit any Holding Company to own any assets (other 136 than Equity Interests and Indebtedness, including intercompany Indebtedness, which were pledged to the Collateral Agent to the extent required to be so pledged pursuant the provisions of this Agreement (specifically including Sections 5.11 and 5.12), the Security Agreements or any other Loan Document) or (iii) permit any Holding Company to incur any liability other than (1) Indebtedness of such Holding Company that is permitted under Section 6.01, (2) liabilities other than Indebtedness arising from the maintenance and repair of any Real Property set forth in Schedule 6.19, including without limitation liabilities for real estate taxes, (3) with respect to Holdings, liabilities other than Indebtedness arising from the purchase of services and intangible property rights made by Holdings in the course of and as required by its administrative and managerial services to and/or for the benefit of the other Companies that take advantages of economies of scale, such as liabilities arising from professional and advisory services (including legal, accounting, financial consulting and similar professional services), liabilities arising from software licensing contracts, liabilities arising from automobile fleet leasing and/or rental and liabilities related to the employment of employees, management employees and officers providing services on behalf of the Companies generally (but specifically excluding any liabilities for the purchase of Inventory, raw material, equipment or other tangible goods or liabilities relating to employees directly engaged in the actual manufacturing and/or processing or sales of Inventory, raw materials and goods), (4) income tax liabilities pursuant to the Tax Sharing Agreement, in accordance with Section 6.07(e), and (5) other liabilities in an aggregate amount that does not exceed $25,000.

Holdings Companies. Each Offshore Group Member acts as a holding company and does not carry on any operating business or other trade, and only engages in activities normal and incidental to its status as a holding company.

Holdings Companies. No Holding Company shall engage in any trade or business, or own any assets (other than Stock of its Subsidiaries) or incur any Indebtedness, Guaranteed Indebtedness or other liabilities (except in each case in connection with the Related Transactions Documents and except as otherwise expressly permitted in this Agreement).