No Business Activities of Holdings and Worldwide. (a) Since its formation, Holdings has engaged in no business activities or operations, other than in connection with holding the Worldwide Shares and the stock of its predecessor corporation and in connection with the Senior Secured Discount Notes due 1998 of Holdings and the Series B Senior Secured Discount Notes due 1998 of Holdings (collectively, the "1998 Notes") and the Notes. Holdings has no material assets other than Worldwide Common Stock, and has no liabilities other than under the Notes and other de minimis liabilities. Worldwide is the beneficial owner of 44,067,520 shares of Company Common Stock, free and clear of all Liens, other than the pledge pursuant to the LYONs and the Notes.
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Samples: Agreement and Plan of Merger (Coleman Worldwide Corp), Agreement and Plan of Merger (Coleman Co Inc), Agreement and Plan of Merger (CLN Holdings Inc)
No Business Activities of Holdings and Worldwide. (a) Since its formation, Holdings has engaged in no business activities or operations, other than in connection with holding the Worldwide Shares and the stock of its predecessor corporation and in connection with the Senior Secured Discount Notes due 1998 of Holdings and the Series B Senior Secured Discount Notes due 1998 of Holdings (collectively, the "1998 NotesNOTES") and the Notes. Holdings has no material assets other than Worldwide Common Stock, and has no liabilities other than under the Notes and other de minimis liabilities. Worldwide is the beneficial owner of 44,067,520 shares of Company Common Stock, free and clear of all Liens, other than the pledge pursuant to the LYONs and the Notes.
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