Inactive Subsidiaries means those Subsidiaries of the Borrower listed on Schedule 1.01.
Inactive Subsidiaries means collectively, each of the Subsidiaries of the Borrower that have a book value of less than $3 million as of the date hereof and that are not engaged in active business as of the date hereof and that are identified as an “Inactive Subsidiary” on Schedule 1.01(a) hereto; provided, however, if after the date hereof, any such Subsidiary has a book value of $3 million or more, or engages in active business, such Subsidiary shall no longer be deemed an “Inactive Subsidiary.”
Inactive Subsidiaries has the meaning assigned to such term in Section 3.02(f) of this Agreement.
Examples of Inactive Subsidiaries in a sentence
On and as of the Amendment and Restatement Effective Date, Holdings has no Subsidiaries other than (i) Inactive Subsidiaries and (ii) those Subsidiaries listed on Schedule 8.14.
More Definitions of Inactive Subsidiaries
Inactive Subsidiaries means WNC Receivables Management Corp., WNC Receivables, LLC, Wabash Financing LLC, FTSI Distribution Company, LP, National Trailer Funding, L.L.C., Wabash National Manufacturing, L.P., Wabash National Services, L.P., Cloud Oak Flooring Company, Inc., Continental Transit Corporation and Garsite/Progress LLC.
Inactive Subsidiaries means the Subsidiaries of Holdings identified on Schedule 1.1(c).
Inactive Subsidiaries means any Restricted Subsidiary of Holdings that, as of the end of the most recently ended Test Period, does not have (a) revenues for the Test Period in excess of $100,000 or (b) assets for the Test Period in excess of $250,000.
Inactive Subsidiaries means each of the Subsidiaries of the Borrower designated by the Borrower as an inactive subsidiary on Schedule 5.13 attached hereto as of the Effective Time and from time to time after the Effective Time.
Inactive Subsidiaries means, collectively, SMTC Manufacturing Corporation of Colorado, a Colorado corporation, Qualtron Inc., a Massachusetts corporation, SMTC Ireland Company, an Irish corporation, SMTC Manufacturing Corporation of Ireland Limited, an Irish corporation, SMTC Teoranta, an Irish corporation, SMTC R&D Teoranta, an Irish corporation, SMTC Mexico, S.A. de C.V., a Mexican corporation, 940862 Ontario Inc., an Ontario corporation, SMTC Manufacturing Corporation of Wisconsin, a Wisconsin corporation, SMTC Manufacturing Corporation of North Carolina, a North Carolina corporation, and SMTC Manufacturing Corporation of Texas, a Texas corporation, and “Inactive Subsidiary” shall mean any one of them individually.
Inactive Subsidiaries the Subsidiaries listed on Part A of Schedule 5.22.
Inactive Subsidiaries means Cast Alloys, Inc., Xxxxxxx Corporation, Peerless Corporation and Xxxxxx Corporation, Ashland Manufacturing Facility.