Common use of Holdings Clause in Contracts

Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiaries, or own any assets (other than Stock of its Subsidiaries) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations and the High Yield Notes); provided, that Holdings may guarantee leases and other contractual obligations of its Subsidiaries.

Appears in 4 contracts

Samples: Second Lien Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Thermadyne Holdings Corp /De), Credit Agreement (Thermadyne Holdings Corp /De)

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Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiaries, or own any assets (other than Stock of its Subsidiaries) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations to hold, manage and the High Yield Notes); provided, that Holdings may guarantee leases direct its equity and other contractual debt positions in Borrower and to perform its obligations of under existing arrangements with its Subsidiariesstockholders and take actions incident thereto.

Appears in 2 contracts

Samples: Credit Agreement (RBC Bearings INC), Credit Agreement (RBC Bearings INC)

Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiaries, or own any assets (other than Stock of its Subsidiaries) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations to (i) hold, manage and the High Yield Notes); provided, that Holdings may guarantee leases direct its equity and other contractual debt positions in Borrower and to perform its obligations of under existing arrangements with its Subsidiariesstockholders (ii) as required by law as a publicly registered company and (iii) as a party to this Agreement and related documents and take actions in each case incident thereto.

Appears in 1 contract

Samples: Credit Agreement (RBC Bearings INC)

Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiaries, or own any assets (other than Stock of its Subsidiaries) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations and the High Yield Senior Notes); provided, that Holdings may guarantee leases and other contractual obligations of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiaries, or own any assets (other than Stock of its SubsidiariesSubsidiaries or interests in joint ventures permitted hereunder) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations and the High Yield Notes); provided, that Holdings may guarantee leases and other contractual obligations of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Thermadyne Holdings Corp /De)

Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiariesbusiness, or own any assets (other than Stock of its Subsidiaries) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations and the High Yield NotesObligations); provided, that Holdings may guarantee leases and other contractual obligations of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (PAV Republic, Inc.)

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Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiariesbusiness, or own or hold any assets (other than Stock of its Subsidiaries) interest in the Borrowers and its Subsidiaries and de minimus assets), or incur any Indebtedness or Guaranteed Indebtedness (other liabilities other than under the Obligations Loan Documents and the High Yield Notes); provided, that Holdings may guarantee leases and other contractual obligations of its SubsidiariesWarrant Documents.

Appears in 1 contract

Samples: Credit Agreement (Zila Inc)

Holdings. Holdings shall not engage in any trade or business other than as a holding company for its Subsidiariesbusiness, or own any assets (other than Stock of its SubsidiariesSubsidiaries and cash and cash equivalents) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations and the High Yield NotesIndebtedness owing to any Credit Party); provided, that Holdings may guarantee leases and other contractual obligations of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Reading International Inc)

Holdings. Except for the Related Transactions, Holdings shall not engage in any trade or business other than as a holding company for its Subsidiariesbusiness, or own any assets (other than Stock of its SubsidiariesSubsidiaries and cash and cash equivalents) or incur any Indebtedness or Guaranteed Indebtedness (other than the Obligations and the High Yield NotesIndebtedness owing to any Credit Party); provided, that Holdings may guarantee leases and other contractual obligations of its Subsidiaries.

Appears in 1 contract

Samples: Credit Agreement (Reading International Inc)

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