Common use of Passive Holding Company Clause in Contracts

Passive Holding Company. (a) In the case of Holdings, engage in any active trade or business, it being agreed that the following activities (and activities incidental thereto) will not be prohibited:

Appears in 5 contracts

Samples: Term Loan Credit Agreement (Domtar CORP), Credit Agreement (WCG Clinical, Inc.), First Lien Credit Agreement (WCG Clinical, Inc.)

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Passive Holding Company. (a) In the case of Holdings, engage in any active trade or businessbusiness other than through the Borrower and its Restricted Subsidiaries, it being agreed that the following activities (and activities incidental thereto) will not be prohibited:

Appears in 1 contract

Samples: First Lien Credit Agreement (Authentic Brands Group Inc.)

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