Operations of Parent and Acquisition Sub Sample Clauses

Operations of Parent and Acquisition Sub. Each of Parent and Acquisition Sub has been formed solely for the purpose of engaging in the Transactions and, prior to the Effective Time, each of Parent and Acquisition Sub will not have engaged in any other business activities and will have incurred no liabilities or obligations other than as contemplated by the Transaction Agreements. As of the date of this Agreement, the authorized share capital of Acquisition Sub consists of 1,000 common shares, par value $0.01 per share, of which 1 common share is validly issued and outstanding. The sole issued and outstanding share of common stock of Acquisition Sub is, and at the Effective Time will be, owned by Parent or a direct or indirect wholly owned Subsidiary of Parent.
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Related to Operations of Parent and Acquisition Sub

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