Non-Operating Entities definition

Non-Operating Entities means, collectively, the Corporation, as and when incorporated, the Acquired Subsidiaries that are not Operating Entities, and Non-Operating Entity means any one of them individually.
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Examples of Non-Operating Entities in a sentence

  • Any such amendment and any such consent by the Class B Certificateholder shall be conclusive and binding on such Class B Certificateholder and upon all future Holders of this Class B Certificate and of any Class B Certificate issued in exchange hereof or in lieu hereof whether or not notation thereof is made upon this Class B Certificate.

  • Except as disclosed in Section 3.23 of the Disclosure Schedule, each of the Non-Operating Entities and, to the knowledge of the Sellers, the Operating Entities has performed all of the material obligations required to be performed by it and is entitled to all benefits thereunder, and to the knowledge of the Sellers, there exists no material default, breach, termination event or (p)repayment event under any Material Contract.

  • None of the Non-Operating Entities has any obligation, debt or liability of any nature whatsoever as an employer or under any Employee Plan.

  • The Non-Operating Entities and, to the knowledge of the Sellers, the Operating Entities have paid all Taxes and instalments of Taxes, which are required to be paid to any Tax Authority pursuant to Applicable Law.

  • The Non-Operating Entities do not own, lease or are not otherwise in possession of or hold any interest in, any tangible personal or real property which is, individually or in the aggregate, material to the Business.

  • None of the Non-Operating Entities is bound by Contract or by Law to enter into any employment relationship with any individual in the future.