Common use of Ownership and Operations Clause in Contracts

Ownership and Operations. Merger Sub is a wholly owned Subsidiary of Parent. Merger Sub was formed solely for the purpose of engaging in the transactions contemplated hereby, and has engaged in no other business or other activities or incurred any liabilities, other than in connection with or as contemplated in this Agreement and the other Transaction Agreements.

Ownership and Operations. of Merger Sub is Parent or a wholly owned Subsidiary subsidiary of ParentParent owns beneficially and of record all of the outstanding share capital of Merger Sub. Merger Sub was formed solely for the purpose of engaging in the transactions contemplated herebyTransactions, and has engaged in no and, prior to the Effective Time, will engage in no other business or other activities or incurred any liabilitiesoperations, other than activities related to or in connection with or as contemplated in anticipation of the proposed Merger and will have incurred no liabilities other than under this Agreement and the other Transaction Ancillary Agreements.

Ownership and Operations. Parent owns of record and beneficially owns all membership interests of Merger Sub is a wholly owned Subsidiary of ParentSub. Merger Sub was formed solely for the purpose of engaging in the transactions contemplated hereby, and has engaged in no other business or other activities or incurred any liabilities, other than in connection with or as contemplated in this Agreement and the other Transaction Agreements.other