Inactive Companies Sample Clauses
Inactive Companies. Notwithstanding anything to the contrary contained in this Agreement or the other Loan Documents, no Inactive Company shall employ any employees, own any assets, incur any obligations or conduct any business activity, in each case, other than as described on Schedule 7.23.
Inactive Companies. 10.1 Each of the Inactive Companies is dormant and does not trade and has not traded during the period of six years ending on the Completion Date.
10.2 None of the Inactive Companies has any assets or liabilities whatsoever (whether actual contingent, prospective or otherwise).
Inactive Companies. As of the Effective Date, each of the following Persons and each of such Person’s Subsidiaries are Inactive Companies: Montana ▇▇▇▇▇, Kremeko Inc., Glazed Investments LLC, New England Dough, LLC and Freedom Rings, LLC.
Inactive Companies. To the Knowledge of the Sellers, each of GSS Array Technology Limited, Array Technology International, Inc. and Array Technology Holdings, Inc. (i) have no material assets or liabilities (other than to other Purchased Entities), (ii) are not parties to any agreements, arrangements or understandings pursuant to which they have any material obligations to any Person, (ii) do not currently conduct any business nor have they conducted any business since July 1, 2000, and (iii) are inactive entities.
Inactive Companies. Following the Closing, the Shareholder agrees to process and secure the formal dissolution and liquidation of the Inactive Companies. Shareholder shall bear all costs and expenses associated with the foregoing, including any and all fines., past tases, and professional fees.