Common use of Parent as Holding Company Clause in Contracts

Parent as Holding Company. Parent shall not incur any liabilities (other than liabilities arising under the Loan Documents), own or acquire any assets (other than the Equity Interests of Borrowers and its other Subsidiaries) or engage itself in any operations or business, except in connection with its ownership of Borrowers and Parent’s other Subsidiaries and Parent’s rights and obligations under the Loan Documents.

Parent as Holding Company. Parent shall will not incur any material liabilities (other than liabilities arising under the Loan DocumentsDocuments and the Term Loan Documents or with respect to ordinary course Exchange Act compliance and corporate governance), own or acquire any material assets (other than the Equity Interests of Borrowers and its the other SubsidiariesLoan Parties) or engage itself in any operations or business, except in connection with its ownership of Borrowers the other Loan Parties and Parent’s other Subsidiaries and Parent’s its rights and obligations under the Loan Documents.

Parent as Holding Company. Borrower will not permit Parent shall not to incur any liabilities (other than liabilities arising under the Loan Documents), own or acquire any assets (other than the Equity Interests of Borrowers and its other SubsidiariesBorrower) or engage itself in any operations or business, except in connection with its ownership of Borrowers Borrower and Parent’s other Subsidiaries and Parent’s its rights and obligations under the Loan Documents.

Parent as Holding Company. Permit Parent shall not to incur any liabilities (other than liabilities arising under the Loan Documents), own or acquire any assets (other than the Equity Interests Stock of Borrowers and its other SubsidiariesSubsidiaries or a de minimis amount of assets) or engage itself in any operations or business, except transactions expressly permitted to be consummated by Parent hereunder or in connection with or incidental to its ownership of Borrowers and Parent’s other Subsidiaries and Parent’s its and their rights and obligations under the Loan Documents.

Parent as Holding Company. Borrower will not permit Parent shall not to incur any material actual or contingent liabilities (other than liabilities arising under the Loan DocumentsDocuments and guaranties of any Permitted Indebtedness), own or acquire any material assets (other than the Equity Interests of Borrowers and its other SubsidiariesBorrower) or engage itself in any operations or business, except business (other than in connection with its ownership of Borrowers Borrower and Parent’s other Subsidiaries and Parent’s its rights and obligations under the Loan Documents).

Parent as Holding Company. Parent shall will not incur any liabilities (other than liabilities arising arising, or not prohibited, under the Loan Documents), own or acquire any assets (other than the Equity Interests of Borrowers and its other Subsidiaries) or engage itself in any operations or business, except in connection with its or incidental to the ownership of Borrowers and Parent’s other Subsidiaries their Subsidiaries, in connection with administrative functions related to its operations as a publicly traded company and Parent’s its rights and obligations under the Loan Documents.

Parent as Holding Company. Parent shall will not incur any liabilities (other than liabilities arising under the Loan Documents), own or acquire any assets (other than the Equity Interests of Borrowers and its other SubsidiariesAerSale) or engage itself in any operations or business, except in connection with its ownership of Borrowers AerSale and Parent’s other Subsidiaries and Parent’s its rights and obligations under the Loan Documents.

Parent as Holding Company. Parent shall will not incur any liabilities (other than liabilities arising under the Loan Documents and the Term Loan Documents), own or acquire any assets (other than the Equity Interests of Borrowers and its other SubsidiariesBorrowers) or engage itself in any operations or business, except in connection with its ownership of Borrowers and Parent’s other Subsidiaries and Parent’s its rights and obligations under the Loan Documents and the Term Loan Documents.

Parent as Holding Company. Parent shall not incur any liabilities (other than liabilities arising under the Loan Documents), own or acquire any assets (other than the Equity Interests of Borrowers or cash and its other SubsidiariesCash Equivalents) or engage itself in any operations or business, except in connection with its the maintenance of legal existence, the ownership of Borrowers Equity Interest of Loan Parties and Parent’s other Subsidiaries and Parent’s Subsidiaries, its rights and obligations under the Loan DocumentsDocuments and the maintaining of accounts, service agreements, regulatory registrations, permits and all other obligations necessary to sustain business operations.