Common use of Status of Holdings Clause in Contracts

Status of Holdings. As of the Closing Date, Holdings has not engaged in any trade or business and has not incurred any Indebtedness other than holding, managing and directing its equity and debt positions in the Borrower and performing its obligations under existing arrangements with its stockholders and taking actions incident thereto.

Status of Holdings. As of the Closing Effective Date, Holdings has not engaged in any trade or business and has not incurred any Indebtedness other than holding, managing and directing its equity and debt positions in the Borrower and performing its obligations under existing arrangements with its stockholders and taking actions incident thereto.

Status of Holdings. As of the Closing Date, Holdings has not engaged in any trade or business and has not incurred any Indebtedness other than holding, managing and directing its equity and debt positions in the Borrower and performing its obligations under existing arrangements with its stockholders and taking actions incident thereto.