Common use of Status of Holdings Clause in Contracts

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) ownership of the Stock and Stock Equivalents of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents and the Existing Indebtedness Documents to which it is a party.

Appears in 4 contracts

Samples: Credit Agreement (GSE Holding, Inc.), Revolving Credit Agreement (GSE Holding, Inc.), First Lien Revolving Credit Agreement (GSE Holding, Inc.)

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Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) ownership of the Stock and Stock Equivalents of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents and the Existing Indebtedness Documents to which it is a party.

Appears in 3 contracts

Samples: Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.), Credit Agreement (Zoe's Kitchen, Inc.)

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) ownership of the Stock and Stock Equivalents of the BorrowerRazor, (ii) activities and contractual rights and obligations incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents Documents, the Purchase Agreement and the Existing Indebtedness Documents Related Agreements to which it is a party.

Appears in 2 contracts

Samples: Credit Agreement (Victor Technologies Group, Inc.), Credit Agreement (Thermadyne Australia Pty Ltd.)

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and Holdings does not own any Property other than (i) ownership of the Stock and Stock Equivalents of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and existence, (iii) performance of its obligations under the Loan Documents and the Existing Indebtedness Documents Management Agreement to which it is a partyparty and (iv) other actions expressly permitted by the Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.), Credit Agreement (Papa Murphy's Holdings, Inc.)

Status of Holdings. As of the Closing Date, Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) its ownership of the Stock and Stock Equivalents of the US Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents and the Existing Indebtedness Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Essex Rental Corp.)

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) ownership of the Stock and Stock Equivalents of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents and the Existing First Lien Indebtedness Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (GSE Holding, Inc.)

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) ownership of the Stock and Stock Equivalents of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents and the Existing Indebtedness Documents Related Agreements to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Rand Logistics, Inc.)

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Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) ownership of the Capital Stock and Stock Equivalents of the BorrowerLoan Parties, (ii) activities and contractual rights related to and incidental to maintenance of its corporate existence and (iii) performance ownership of its obligations under the Loan Documents and the Existing Indebtedness Documents to which it is a partyParties.

Appears in 1 contract

Samples: Term Loan Agreement (Stanadyne Holdings, Inc.)

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and Holdings does not own any Property other than (i) direct ownership of the Stock and Stock Equivalents of the Borrower and indirect ownership of the Subsidiaries of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and existence, (iii) performance of its obligations under the Loan Documents and the Existing Indebtedness Documents to which it is a partyparty and (iv) other actions expressly permitted by the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Papa Murphy's Holdings, Inc.)

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property other than (i) ownership of the Stock and Stock Equivalents of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents and the Existing Second Lien Indebtedness Documents to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (GSE Holding, Inc.)

Status of Holdings. Holdings has not engaged (and does not engage) in any business activities and does not own any Property assets or property other than (i) ownership of the Stock and Stock Equivalents of the Borrower, (ii) activities and contractual rights incidental to maintenance of its corporate existence and (iii) performance of its obligations under the Loan Documents and the Existing Indebtedness Documents Related Agreements to which it is a party.

Appears in 1 contract

Samples: Credit Agreement (Townsquare Media, LLC)

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