Inactive Subsidiaries definition
Inactive Subsidiaries means those Subsidiaries of the Borrower listed on Schedule 1.01.
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 has the meaning assigned to such term in Section 3.02(f) of this Agreement.
Examples of Inactive Subsidiaries in a sentence
Each of the Inactive Subsidiaries is an inactive Subsidiary, owns no assets and has no operations.
Except as otherwise agreed to by the Administrative Agent, permit any of the Inactive Subsidiaries at any time to engage in any type of non-de minimis operations other than Dispositions in connection with the winding up or liquidation of lines of business of such Subsidiary.
More Definitions of Inactive Subsidiaries
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 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 the Subsidiaries of Holdings identified on Schedule 1.1(c).
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 Cast Alloys, Inc., ▇▇▇▇▇▇▇ Corporation, Peerless Corporation and ▇▇▇▇▇▇ Corporation, Ashland Manufacturing Facility.
Inactive Subsidiaries the Subsidiaries listed on Part A of Schedule 5.22.
Inactive Subsidiaries means the following Subsidiaries: ECG Properties Inc., Envoy Securities Corp., and Orbis Pharma Inc.