Inactive Subsidiaries definition

Inactive Subsidiaries means those Subsidiaries of the Borrower listed on Schedule 1.01.
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 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.

Examples of Inactive Subsidiaries in a sentence

  • The Inactive Subsidiaries hold no material assets or liabilities and conduct no business operations.

  • There is, however, some discrepancy as to the time of the making of the report, according to the station diary the First and Third Defendants made the report at “12 MD” and leftthe Station at “12.20 pm”.

  • Except as set forth on Schedule 5.2, each of the entities listed on Schedule 5.2 under the heading "Inactive Subsidiaries" (i) has no assets, (ii) has no obligations or liabilities, absolute, accrued or contingent, (iii) has not conducted, since the Statement Date (as defined in Section 5.5), any business except for its organization as a corporation and (iv) will not conduct any business except for its organization as a corporation hereafter.

  • All of the direct and indirect Subsidiaries (other than the Inactive Subsidiaries) that are not set forth in the SEC Reports are set forth on Schedule 3.1(a)(i).

  • Notwithstanding anything in this Article VII or elsewhere in this Agreement to the contrary, in no event shall the Borrower permit (a) any Inactive Subsidiary to conduct any business and (b) the Inactive Subsidiaries to own assets in excess of $100,000 in aggregate value.


More Definitions of Inactive Subsidiaries

Inactive Subsidiaries has the meaning assigned to such term in Section 3.02(f) of this Agreement.
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 Subsidiaryon 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 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., Xxxxxxx Corporation, Peerless Corporation and Xxxxxx Corporation, Ashland Manufacturing Facility.
Inactive Subsidiaries the Subsidiaries listed on Part A of Schedule 5.22.
Inactive Subsidiaries means Xxxx Holding Company Inc., Xxxxxxxx Building and Land Corporation, Xxxxxxxx Incorporated, Xxxxxxxx Construction Company, Xxxxxxx Plastics Holding Company, Inc., Xxxxxxx Plastics Corporation, Inc., MPC Foundry, Inc., MPC Machine Shop, Inc., MCTC, LLC, Xxxxxxx Refrigeration Holding Company, Inc., Xxxxxxx Tool and Machine, Inc., and B&K Industries, Inc. “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all direct or contingent obligations of such Person arising under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (c) net obligations of such Person under any Swap Contract; (d) all obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business and, in each case, not past due for more than 120 days after the date on which such trade account payable was created, except those which are being contested in good faith by appropriate proceedings diligently conducted); (e) indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse; (f) capital leases and Synthetic Lease Obligations;