Inactive Subsidiary. The Inactive Subsidiary does not (i) have any liabilities, (ii) own any assets, or (iii) engage in any operations or business.
Inactive Subsidiary. Permit the Inactive Subsidiaries to (a) own any material assets, or (b) engage in any business activity.
Inactive Subsidiary. The Borrower shall not permit Penford Export Corporation to engage in any operations, conduct any business or own any assets having an aggregate value in excess of $50,000.
Inactive Subsidiary. Permit the Inactive Subsidiary to (a) enter into any business, operations or activities or (b) notwithstanding anything to the contrary herein, acquire any assets or incur any liabilities (other than liabilities under the Loan Documents and liabilities imposed by law, including tax liabilities and other liabilities incidental to its existence).
Inactive Subsidiary. The Inactive Subsidiary has no liabilities in excess of $10,000, conducts no operations or business other than in connection with its final dissolution and owns no assets.
Inactive Subsidiary. Permit the Inactive Subsidiary to conduct any business other than in connection with its final dissolution, incur any Indebtedness, liabilities in excess of $10,000 in the aggregate or obligations, receive any investments, acquire any assets or have assets valued at more than $0.
Inactive Subsidiary. Braintech Consumer & Service, Inc., Borrower’s Subsidiary, does not and will not conduct any business or own any assets and will remain an inactive entity. Bank hereby reserves the right to require that such entity be joined as a co-borrower or guarantor in the future, and Borrower hereby agrees to execute all documentation required by Bank in connection with such joinder.
Inactive Subsidiary. Borrower will not permit the Inactive Subsidiary to (a) own any material assets, or (b) engage in any business activity, except for the co-issuance of the Senior Notes pursuant to the Indenture.
Inactive Subsidiary. The Inactive Subsidiary has ceased the operation of business and has no material assets or liabilities.
Inactive Subsidiary. Permit BND to own any assets, conduct any business (other than the payment of administrative fees ancillary to its limited liability company existence) or incur any Indebtedness or any other liabilities.
