Common use of Status of Holdings Clause in Contracts

Status of Holdings. Prior to the Closing Date, Holdings will not have engaged in any business other than holding the Stock of Xxxxxx, Inc. and the issuance of securities to its shareholders or, except as disclosed on Disclosure Schedule (6.3) incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Related Transactions Documents and this Agreement).

Status of Holdings. Prior to the Closing Date, Holdings will not have engaged in any business other than holding the Stock of XxxxxxBlount, Inc. and the issuance of securities to its shareholders or, except xxxxpt as disclosed on Disclosure Schedule (6.3) incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Related Transactions Documents and this Agreement).

Status of Holdings. Prior to the Closing Date, Holdings will not have engaged in any business other than holding the Stock of Xxxxxx, Inc. and the issuance of securities to its shareholders or, except as disclosed on Disclosure Schedule (6.3) ), incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Related Transactions Documents and this Agreement).

Status of Holdings. Prior to the Closing Date, Holdings will not have engaged in any business other than holding the Stock of XxxxxxBxxxxx, Inc. and the issuance of securities to its shareholders or, except as disclosed on Disclosure Schedule (6.3) incurred any Indebtedness or any other liabilities (except in connection with its corporate formation, the Related Transactions Documents and this Agreement).