Inactive Subsidiaries. Permit any of the inactive subsidiaries to own any assets, incur any liabilities, or engage in any business activity.
Appears in 3 contracts
Samples: Credit Agreement (Bell Industries Inc /New/), Intercreditor Agreement (Newcastle Partners L P), Intercreditor Agreement (Bell Industries Inc /New/)
Inactive Subsidiaries. Permit any of the inactive subsidiaries Inactive Subsidiary to own any assets, incur any Indebtedness or other material liabilities, conduct any material operations or engage in business, or own or acquire any business activitymaterial assets or properties.
Appears in 2 contracts
Samples: Credit Agreement (Transtechnology Corp), Credit Agreement (Transtechnology Corp)
Inactive Subsidiaries. Permit Allow any of the inactive subsidiaries Inactive Subsidiary to own any assets, incur assets or conduct any liabilities, or engage in any business activityoperations.
Appears in 1 contract
Samples: Loan and Security Agreement (Igi Laboratories, Inc)
Inactive Subsidiaries. Permit any of the inactive subsidiaries Inactive Subsidiary to own any assets, incur any material liabilities, own or acquire any material assets or engage itself in any business activitymaterial operations or business.
Appears in 1 contract
Samples: Credit Agreement (Silicon Graphics International Corp)
Inactive Subsidiaries. Permit any of the inactive subsidiaries Inactive Subsidiary to incur any Indebtedness or other material liabilities, to conduct any material operations or business, or to own or acquire any assets, incur any liabilities, material assets or engage in any business activityproperties.
Appears in 1 contract
