Dormant Subsidiaries definition

Dormant Subsidiaries means the inactive Subsidiaries of the Company on the Restatement Effective Date, as set forth on Schedule 1.01.

Dormant Subsidiaries has the meaning specified in Section 5.13(b).

Dormant Subsidiaries means, collectively, EJOS, Inc., an Arizona corporation, Japal, Inc., a Nevada corporation, M.V.S., Inc., a Nevada corporation, Pafran, Inc., a Nevada corporation, Sophmar, Inc., a Nevada corporation, and Picacho Peak Investments Co., a Nevada corporation.

Examples of Dormant Subsidiaries in a sentence

• Each of the companies listed in Schedule 11 (Dormant Subsidiaries) does not trade (for itself or as agent for any person) and does not own, legally or beneficially, assets (including, without limitation, indebtedness owed to it) which in aggregate have a value of more than R1,000,000 (or its equivalent in other currencies).

• Each of the entities listed in Part 1 of Schedule 18 (Dormant Subsidiaries) is a Dormant Subsidiary.

• Each of the Loan Parties shall, and shall cause each Subsidiary (other than Dormant Subsidiaries) to, preserve and keep in force and effect all licenses, permits, franchises, approvals, patents, trademarks, trade names, trade styles, copyrights, and other proprietary rights necessary to the proper conduct of its business where the failure to do so could reasonably be expected to have a Material Adverse Effect.

• Each of the Loan Parties shall, and shall cause each Subsidiary (other than Dormant Subsidiaries) to, preserve and maintain its existence, except as otherwise provided in Section 8.10(f) hereof.

• The shares of any member of the Restricted Group (other than Dormant Subsidiaries) which are subject to the Transaction Security are fully paid and not subject to any option to purchase or similar rights.

More Definitions of Dormant Subsidiaries

Dormant Subsidiaries means Avado Holding Corp., a Delaware corporation, Avado Operating Corp., a Georgia corporation, and Avado SCP VIII, Inc., an Oregon corporation.

Dormant Subsidiaries means Yore Limited, MM Distributors Limited, Mapa Malaysia SDN BHD, Baltex Malaysia SDN BHD, Mapa Penang SDN BHD and Advanced Barriers Technologies Inc. (ABT).

Dormant Subsidiaries means each of (1) FTD International Corporation, a Delaware corporation, (2) Value Network Service, Inc., a Delaware corporation, (3) Flowers USA, Inc., a Connecticut corporation, (4) FTD Holdings, Incorporated, a Delaware corporation and (5) Renaissance Greeting Cards, Inc., a Maine corporation.

Dormant Subsidiaries means the following inactive Subsidiaries of the Seller, each of which was formed in connection with a contemplated initial public offering, so long as such Subsidiaries remain inactive and respectively do not hold assets having value of more than Five Hundred Thousand Dollars ($500,000): loanDepot, Inc., LD Intermediate, LLC and loanDepot Holdings, LLC.

Dormant Subsidiaries the Subsidiaries listed on Schedule 1.1(a).

Dormant Subsidiaries means, collectively, each Subsidiary of DZSI designated by Credit Parties as a Dormant Subsidiary either on Schedule 1.2(a) delivered by Loan Parties on the Closing Date, or, in the case of any applicable Subsidiary acquired (directly or indirectly) by DZSI in a transaction permitted under this Agreement, in a written notice given to Agent as of the first date Credit Parties are obligated to give Agent notice of such acquisition (or, if no such notice is otherwise required, on the date such acquisition occurs), provided that, as of the date of such designation, all of the representations and warranties set forth in Section 5.20(d) hereof shall be true and correct as to such Subsidiary; provided that, notwithstanding the foregoing or anything to the contrary contained herein, Credit Parties may at any time give written notice to Agent that any Dormant Subsidiary wishes to become a Loan Party hereunder, and upon the giving of any such notice and completion by Loan Parties and such Subsidiary of all the requirements of Section 7.12(a), as applicable, with respect to such Subsidiary and the Equity Interests of such Subsidiary as though such Subsidiary was a newly acquired Subsidiary, such Subsidiary shall cease to be a Dormant Subsidiary and shall be a Loan Party for all purposes hereunder.

Dormant Subsidiaries means any Subsidiary which is not an Active Subsidiary and that has no or de minimis operations and revenue.