Common use of Restructuring Transaction Clause in Contracts

Restructuring Transaction. (i) The Restructuring Transaction (and each element thereof) shall have no material adverse tax consequences to Holdings or any of its Subsidiaries and (ii) each Transferred Entity, both before and after the transfer and subsequent contribution of the Equity Interests thereof in accordance with the definition of Restructuring Transaction, shall be an Immaterial Subsidiary and shall hold no assets other than the Equity Interests of any Transferred Entity directly owned by such Transferred Subsidiary.

Restructuring Transaction. (i) The Restructuring Transaction (and each element thereof) shall does not have no any material adverse tax consequences to Holdings or any of its Subsidiaries and (ii) each Transferred Entity, both before and after the transfer and subsequent contribution of the Equity Interests thereof in accordance with the definition of Restructuring Transaction, shall be is an Immaterial Subsidiary and shall does not hold no assets other than the Equity Interests of any Transferred Entity directly owned by such Transferred Subsidiaryassets.