Examples of Retained Subsidiary in a sentence
On the Distribution Date, Manor Care shall retain (or shall cause a Retained Subsidiary to assume) sole responsibility for all liabilities and obligations under the Manor Care, Inc.
Sunburst shall, as soon as practicable after the Distribution Date, in accordance with Section 5.02 provide Choice with such additional information in the possession of Sunburst or a Retained Subsidiary and not already in the possession of Choice or a Choice Subsidiary as may reasonably be requested by Choice and necessary in order for Choice or a Choice Subsidiary to administer effectively the Choice Hotels International, Inc.
Except as set forth on Schedule 3.01(e)(i), all of the outstanding shares of capital stock of each Retained Subsidiary are owned, either directly or indirectly, by the Company free and clear of all Liens.
Manor Care shall, as soon as practicable after the Distribution Date, in accordance with Section 5.02 provide Choice with such additional information in the possession of Manor Care or a Retained Subsidiary and not already in the possession of Choice or a Choice Subsidiary as may reasonably be requested by Choice and necessary in order for Choice or a Choice Subsidiary to administer effectively the Choice International Hotels, Inc.
Section 3.13 of the IDB Buyer Disclosure Letter sets forth a true, correct and complete list of all contracts, agreements, commitments and arrangements between any Seller Retained Subsidiary, on the one hand, and any IDB Buyer Related Party, on the other hand, that has any material rights and/or obligations in effect after the Closing, other than such contracts, agreements, commitments and arrangements contemplated by the Transactions.