Common use of Subsidiaries; Business Clause in Contracts

Subsidiaries; Business. In the case of Seller, (i) it has no Subsidiaries, (ii) since its formation, it has conducted no business other than entering into and performing its obligations under the Prior Receivables Facility and such other activities incidental to the foregoing, (iii) the Transaction Documents to which it is a party and such other activities incidental to the foregoing and (iv) the Transaction Documents to which it is a party are the only agreements to which it is a party.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Marathon Petroleum Corp), Receivables Purchase Agreement (Marathon Petroleum Corp), Receivables Purchase Agreement (Marathon Petroleum Corp)

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Subsidiaries; Business. In the case of Seller, (i) it has no Subsidiaries, (ii) since its formation, it has conducted no business other than entering into and performing its obligations under the Prior Receivables Facility and such other activities incidental to the foregoing, (iii) the Transaction Documents to which it is a party and such other activities incidental to the foregoing and (iviii) the Transaction Documents to which it is a party are the only agreements to which it is a party.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Marathon Petroleum Corp), Receivables Purchase Agreement (Marathon Petroleum Corp)

Subsidiaries; Business. In the case of the Seller, (i) it has no Subsidiaries, (ii) since its formation, it has conducted no business other than entering into and performing its obligations under (A) the Prior Receivables Facility Existing Agreement and such other activities incidental to the foregoing, thereto or in connection therewith and (iiiB) the Transaction Documents to which it is a party and such other activities incidental to the foregoing and (iv) the Transaction Documents to which it is a party are the only agreements to which it is a partyforegoing.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ralcorp Holdings Inc /Mo)

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Subsidiaries; Business. In the case of Seller, The Seller (i) it has no Subsidiaries, (ii) since its formation, it has conducted no business other than entering into and performing its obligations under the Prior Receivables Facility and such other activities incidental to the foregoing, (iii) the Transaction Documents to which it is a party and such other activities incidental to the foregoing foregoing, except the Existing Transaction and (iviii) the Transaction Documents to which it is a party are the only agreements to which it is a party, except the Existing Transaction.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Newell Brands Inc.)

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