Restriction on Tax Consolidation. Holdings will not, and will -------------------------------- not permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person other than Holdings and its Subsidiaries except for tax periods beginning prior to such entity's having become a Subsidiary of Holdings; provided, however, that if Holdings disposes of -------- ------- more than 50% of the outstanding stock of any Subsidiary (by both voting power and value), this Section 9.16 will not apply with respect to such Subsidiary.
Appears in 3 contracts
Samples: Credit Agreement (Coinmach Laundry Corp), Credit Agreement (Coinmach Corp), Credit Agreement (Coinmach Laundry Corp)
Restriction on Tax Consolidation. Holdings The Borrower will not, and will -------------------------------- not permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person other than Holdings Holdings, the Borrower and its their respective Subsidiaries except except, in the case of any Subsidiary, for tax periods beginning prior to such entitySubsidiary's having become a Subsidiary of Holdingsthe Borrower; provided, however, that if Holdings the Borrower disposes of -------- ------- more than 50% of the outstanding stock of any Subsidiary (by both voting power and value), this Section 9.16 will not apply with respect to such Subsidiary.
Appears in 2 contracts
Samples: Credit Agreement (Appliance Warehouse of America Inc), Credit Agreement (Coinmach Corp)
Restriction on Tax Consolidation. Holdings The Borrower will not, and will -------------------------------- not permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person other than Holdings Parent, Holdings, the Borrower and its their respective Subsidiaries except except, in the case of any Subsidiary, for tax periods beginning prior to such entity's Subsidiary’s having become a Subsidiary of Holdingsthe Borrower; provided, however, that if Holdings the Borrower disposes of -------- ------- more than 50% of the outstanding stock of any Subsidiary (by both voting power and value), this Section 9.16 will not apply with respect to such Subsidiary.
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