Common use of Parent as Holding Company Clause in Contracts

Parent as Holding Company. Permit the Parent to incur any liabilities (other than liabilities arising under the Loan Documents and the Senior Subordinated Notes), own or acquire any assets (other than the Capital Stock of the Borrower) or engage itself in any operations or business.

Parent as Holding Company. Permit the Parent to incur any liabilities (other than liabilities arising or permitted under the Loan Documents and the Senior Subordinated NotesDocuments), own or acquire any assets (other than the Capital Stock Equity Interests of the Borrowerother Loan Parties, dividends and distributions made on such Equity Interests and other de minimis assets) or engage itself in any operations or businessbusiness (other than actions required for compliance with, or are expressly permitted under, the Loan Documents).

Parent as Holding Company. Permit the Parent to incur any liabilities (other than liabilities arising or permitted under the Loan Documents and the Senior Subordinated NotesDocuments), own or acquire any assets (other than the Capital Stock Equity Interests of the Borrowerother Loan Parties, dividends and distributions made on such Equity Interests and other de minimis assets) or engage itself in any operations or business.business (other than actions required for compliance with, or are expressly permitted under, the Loan Documents). 104

Parent as Holding Company. Permit the Parent to incur any liabilities (other than liabilities arising under the Loan Documents and the Senior Subordinated NotesDocuments), own or acquire any assets (other than the Capital Stock of the Borrowerits Subsidiaries) or engage itself in any operations or business, except in connection with or incidental to its Subsidiaries and its and their rights and obligations under the Loan Documents.