Common use of Special Purpose Corporation Clause in Contracts

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock of the Borrower) or material liabilities (other than those liabilities under this Agreement, the other Documents to which it is a party and as otherwise permitted by Section 9.13(b)).

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock of the BorrowerBorrower and other assets permitted to be acquired by Holdings under Section 8.01) or material liabilities (other than those liabilities under this Agreement, Agreement and the other Credit Documents to which it is a party and as otherwise other liabilities permitted to be incurred by Holdings under Section 9.13(b)8.01).

Special Purpose Corporation. (a) Holdings engages in no significant business activities and has no significant assets (other than the capital stock of the Borrower, immaterial assets used for the performance of those activities permitted to be performed by Holdings pursuant to Section 8.13(b) and any obligations held by it to the extent permitted by Section 8.05(vi)) or material liabilities (other than those liabilities incurred under this Agreement, under the other Loan Documents to which it is a party and as otherwise permitted by Section 9.13(b)under the Holdings Senior Discount Note Documents).

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock of the BorrowerAdience) or material liabilities (other than those liabilities under this Agreement, the other Floating Rate Loan Documents to which it is a party and as otherwise permitted by Section 9.13(b)the Acquisition Documents).

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock membership interests of the Borrower) or material liabilities (other than those liabilities under this Agreement, the other Documents to which it is a party party, Shareholder Subordinated Notes, PIK Preferred Equity, Permitted Seller Notes, Permitted Earn-Out Debt, Permitted Earn-Out Preferred Equity and as otherwise permitted by Section 9.13(b))Qualified Preferred Equity) and has engaged in no substantial business activities.

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock of the BorrowerBorrower and immaterial assets used for the performance of those activities permitted to be performed by Holdings pursuant to Section 8.01(b)) or material liabilities (other than those liabilities under this Agreement, Agreement and the other Documents to which it is a party and as otherwise those liabilities permitted to be incurred by Holdings pursuant to Section 9.13(b8.01(b)).

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock of the Borrower) or material liabilities (other than those liabilities under this Agreement, Agreement and the other Documents to which it is a party and as otherwise those liabilities permitted to be incurred by Holdings pursuant to Section 9.13(b9.01(c)).

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock of the Borrower) or material liabilities (other than those liabilities under this Agreement, Agreement and the other Documents to which it is a party and as otherwise those liabilities permitted to be incurred by Holdings pursuant to Section 9.13(b9.01(c)).

Special Purpose Corporation. (a) Holdings has no significant assets (other than the capital stock of the BorrowerAdience) or material liabilities (other than those liabilities under this Agreement, Agreement and the other Documents to which it is a party and as otherwise permitted by Section 9.13(b)Floating Rate Loan Documents).