Inactive Entities definition

Inactive Entities means (a) the following entities in which Movie Gallery US, LLC, a Guarantor, has an ownership interest as of the Closing Date: DVDStation, Inc. and Echo, LLC; and (b) the following entity in which Borrower and Movie Gallery US, LLC, a Guarantor, have an ownership interest as of the Closing Date: Movie Gallery Mexico Inc., S. de ▇.▇. de C.V.
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Inactive Entities means (a) the following entities in which Movie Gallery US, LLC, a Guarantor, has an ownership interest as of the Closing Date: CINEvents, Inc., DVDStation, Inc. and Echo, LLC; and (b) the following entity in which Borrower and Movie Gallery US, LLC, a Guarantor, have an ownership interest as of the Closing Date: Movie Gallery Mexico Inc., S. de R.L. de C.V.
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Inactive Entities means Ribogene, Inc., a Delaware corporation, and BioVectra, Inc. USA, a Connecticut corporation.
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Examples of Inactive Entities in a sentence

  • The Inactive Entities have no material assets and conduct no business operations, and Borrowers have no intention of causing any Inactive Entity to obtain any material assets or conduct any business operations.

  • The authorized and the issued capital stock of each of the Borrowers and each of their respective Subsidiaries (except for the Inactive Entities) is as set forth on Schedule 4.1(B), including all preemptive or other outstanding rights, options, warrants, conversion rights or similar agreements or understandings for the purchase or acquisition from any Borrower of any shares of capital stock or other securities of any such entity.

  • Attached hereto as EXHIBIT 3.31 is an accurate and complete list of all direct or indirect subsidiaries of any Borrower, designating certain subsidiaries as inactive (collectively, the "Inactive Entities").

  • BUSINESS ASSOCIATE agrees to not use or disclose Protected Health Information, Electronic Protected Health Information, and Personal Information other than as permitted or required by this Agreement or as required by law.

  • Lenders in reliance upon the foregoing and Borrower hereby acknowledge and agree that the Inactive Entitles shall be excepted and excluded from the definition of Subsidiaries under the Credit Agreement, provided that Borrower shall not permit any of the Inactive Entities to become active, have assets, or have business operations.

  • The authorized and the issued capital stock of each Borrower and each of their respective Subsidiaries (except the Inactive Entities) is as set forth on Schedule 8.1, including all preemptive or other outstanding rights, options, warrants, conversion rights, or similar agreements or understandings for the purchase or acquisition from any Borrower of any shares of capital stock or other securities of any such entity.

  • The Inactive Entities shall not have any operations, incur any liabilities (other than those incidental to its continued existence, dissolution and winding up) or hold any assets.

  • A true, correct and complete list of the Inactive Entities is attached hereto as Schedule 4.31.

  • Except as permitted under subsection 7.4 hereunder, no distributions or payments shall be made by Borrowers to any Inactive Entities.

  • Schedule 8.27 contains a complete and accurate list of all Inactive Entities as of the Closing Date.


More Definitions of Inactive Entities

Inactive Entities means, collectively, Argotec ▇▇▇▇▇▇▇▇, Inc., Aptek ▇▇▇▇▇▇▇▇, Inc., WMCO-GEO, Inc., ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Inc., Kenco/▇▇▇▇▇▇▇▇, Inc., NESC ▇▇▇▇▇▇▇▇, Inc., Premier Plastic Technologies, Inc., Proactive Acquisition Corporation, Waccamaw Wheel ▇▇▇▇▇▇▇▇, Inc., ▇▇▇▇▇▇▇▇ Technologies, Inc., ▇▇▇▇▇▇▇▇ World Trade, Inc., ▇▇▇▇▇▇▇▇ Automotive, Inc., Techwood ▇▇▇▇▇▇▇▇, Inc., each a Delaware Corporation except for WMCO-GEO, Inc., which is a Florida corporation and Proactive Acquisition Corporation, which is a Michigan corporation, and each a wholly owned Subsidiary of Holdings.
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Inactive Entities means each of Footprint MX Holdings, LLC a Delaware limited liability company, and Footprint Mexico, LLC, a Delaware limited liability company.
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