Common use of Special Purpose Corporations Clause in Contracts

Special Purpose Corporations. Holdings has no significant assets (other than the capital stock of the Borrower and immaterial assets used for the performance of those activities permitted to be performed by Holdings pursuant to Section 9.01(b)(i)) or liabilities (other than under this Agreement and the other Transaction Documents to which it is a party and those liabilities permitted to be incurred by Holdings pursuant to Section 9.01(b)(i)).

Appears in 2 contracts

Samples: Credit Agreement (Champion Aerospace Inc), Security Agreement (Marathon Power Technologies Co)

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Special Purpose Corporations. (a) Holdings has no significant assets (other than the capital stock of the Borrower WR Acquisition and Foreign Sales and immaterial assets used for the performance of those activities permitted to be performed by Holdings pursuant to Section 9.01(b)(i8.1(b) and any obligations held by it to the extent permitted by Section 8.6(e)) or liabilities (other than those liabilities under this Agreement and Agreement, the other Transaction Documents to which it is a party and those liabilities permitted to be incurred by Holdings pursuant to Section 9.01(b)(i)the Shareholder Subordinated Notes).

Appears in 1 contract

Samples: American Pad & Paper Co

Special Purpose Corporations. Holdings has no significant ----------------------------- assets (other than the capital stock of the Borrower and immaterial assets used for the performance of those activities permitted to be performed by Holdings pursuant to Section 9.01(b)(i)US Borrower) or material liabilities (other than those liabilities under this Agreement and the other Transaction Documents to which it is a party and those liabilities permitted to be incurred by Holdings pursuant to Section 9.01(b)(i)party).

Appears in 1 contract

Samples: Credit Agreement (GSL Corp)

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Special Purpose Corporations. Holdings has no ----------------------------- significant assets (other than the capital stock of the Borrower and immaterial assets used for the performance of those activities permitted to be performed by Holdings pursuant to Section 9.01(b)(i)US Borrower) or material liabilities (other than those liabilities under this Agreement and the other Transaction Documents to which it is a party and those liabilities permitted to be incurred by Holdings pursuant to Section 9.01(b)(i)party).

Appears in 1 contract

Samples: Credit Agreement (Compass Minerals Group Inc)

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