Common use of Subsidiary Matters Clause in Contracts

Subsidiary Matters. (a) The Apple Blockers have never owned any assets, and will own no assets, prior to the Green Reorganization other than their direct ownership of Equity Interests of the Apple Intermediate Partnerships (through which the Apple Blockers hold an indirect ownership interest in the Green Entities), cash and tax attributes incidental to or arising out of their ownership of such interests. The Apple Intermediate Partnerships have never owned any assets, and will own no assets, prior to the Green Reorganization other than their direct ownership of Equity Interests of the Apple Aggregator, cash and tax attributes incidental to or arising out of their ownership of such interests. The Apple Aggregator has never owned any assets, and will own no assets, prior to the Green Reorganization other than its direct ownership of Equity Interests of Green Energy, cash and tax attributes incidental to or arising out of their ownership of such interests. Upon consummation of the Green Reorganization and at all times thereafter up to the Closing, the Apple Blockers’ sole assets will be Equity Interests of Green Production, cash and tax attributes incidental to or arising out of their ownership of such interests and previous ownership of interests in the Apple Intermediate Partnerships.

Appears in 3 contracts

Samples: Support Agreement, Support Agreement (SAILFISH ENERGY HOLDINGS Corp), Support Agreement (Stone Energy Corp)

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Subsidiary Matters. (a) The Apple Blockers have Ride Blocker has never owned any assets, and will own no assets, prior to the Green Reorganization other than their its direct ownership of Equity Interests of the Apple Ride Intermediate Partnerships Partnership (through which the Apple Blockers hold Ride Blocker holds an indirect ownership interest in the Green Entities), cash and tax attributes incidental to or arising out of their its ownership of such interestsinterest. The Apple Ride Intermediate Partnerships have Partnership has never owned any assets, and will own no assets, prior to the Green Reorganization other than their its direct ownership of Equity Interests of the Apple Ride Aggregator, cash and tax attributes incidental to or arising out of their its ownership of such interestsinterest. The Apple Ride Aggregator has never owned any assets, and will own no assets, prior to the Green Reorganization other than its direct ownership of Equity Interests of Green Energy, cash and tax attributes incidental to or arising out of their its ownership of such interestsinterest. Upon consummation of the Green Reorganization and at all times thereafter up to the Closing, the Apple Blockers’ Ride Blocker’s sole assets will be Equity Interests of Green Production, cash and tax attributes incidental to or arising out of their its ownership of such interests interest and previous ownership of interests in the Apple Ride Intermediate PartnershipsPartnership.

Appears in 3 contracts

Samples: Support Agreement, Support Agreement (SAILFISH ENERGY HOLDINGS Corp), Support Agreement (Stone Energy Corp)

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