Subsidiary Operations. Except for the subsidiaries listed in Schedule 2 to this Agreement, no subsidiary of the Company since the date of such subsidiary’s respective incorporation has (a) owned any assets, carried on any business or conducted any operations other than the holding of equity securities of the Deciphera Pharmaceuticals, LLC (the “LLC”), (b) is and has ever been a party to or otherwise bound by any contract to which the Company or the LLC is not a party, (c) does not currently have and has never had any employees or independent contractors, and (d) does not have any subsidiaries or investments.
Subsidiary Operations. Except as disclosed in the Prospectus, the Company and its subsidiaries conduct their respective businesses in compliance in all material respects with all federal, state, local and foreign statutes, laws, rules, regulations, decisions, directives and orders applicable to them (including, without limitation, all regulations and orders of, or agreements with, the Board of Governors of the Federal Reserve System ("FRB"), the Federal Deposit Insurance Corporation ("FDIC"), the Tennessee Department of Financial Institutions, as applicable, and the Equal Credit Opportunity Act, the Fair Housing Act, the Community Reinvestment Act, the Home Mortgage Disclosure Act, all other applicable fair lending laws or other laws relating to discrimination and the Bank Secrecy Act and Title III of the USA Patriot Act). Neither the Company nor its subsidiaries has received any communication from any governmental entity asserting that the Company or any subsidiary is not in compliance with any statute, law, rule, regulation, decision, directive or order.
Subsidiary Operations. From and after Closing, Xx. Xxxx Xxxx shall continue to manage the day-to-day operations of the Company’s Subsidiaries and assume all obligations and liabilities relating to or arising therefrom.
Subsidiary Operations. Borrower (i) shall not permit WLFC Funding (Ireland) Limited to maintain operations or assets or earn any income and (ii) shall not permit Xxxxxx Lease France to maintain any operations other than employment of persons resident in France or hold material assets or earn material operating income unless, in each case, such Subsidiary shall have executed a Subsidiary Guaranty and Security Agreement as required under this Agreement (or if a Subsidiary Guaranty and Security Agreement cannot feasibly be delivered under Applicable Law, Borrower shall have pledged its equity ownership interest in such entity to Security Agent as Collateral).
Subsidiary Operations. 75 Section 6.27
Subsidiary Operations. Except as disclosed in the Prospectus, the Company and its Subsidiaries conduct their respective businesses in compliance in all material respects with all federal, state, local and foreign statutes, laws, rules, regulations, decisions, directives and orders applicable to them (including, without limitation, all regulations and orders of, or agreements with, the Board of Governors of the Federal Reserve System (“FRB”), the Office of the Comptroller of the Currency (the “OCC”), the Federal Deposit Insurance Corporation (“FDIC”), the Mississippi Department of Banking and Consumer Finance (the “Mississippi Department”), and the Equal Credit Opportunity Act, the Fair Housing Act, the Community Reinvestment Act, the Home Mortgage Disclosure Act, all other applicable fair lending laws or other laws relating to discrimination and the Bank Secrecy Act and Title III of the USA Patriot Act). Neither the Company nor its Subsidiaries has received any communication from any governmental entity asserting that the Company or any Subsidiary is not in compliance with any statute, law, rule, regulation, decision, directive or order except de minimus violations and violations set forth in the Prospectus or the General Disclosure Package.
Subsidiary Operations. Except as disclosed in the Disclosure Package and the Prospectus, the Company and its subsidiaries including Tennessee Commerce Bank, a Tennessee state chartered bank (the “Bank”), conduct their respective businesses in compliance in all material respects with all federal, state, local and foreign statutes, laws, rules, regulations, decisions, directives and orders applicable to them (including, without limitation, all regulations and orders of, or agreements with, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the Tennessee Department of Financial Institutions, as applicable, and the Equal Credit Opportunity Act, the Fair Housing Act, the Community Reinvestment Act, the Home Mortgage Disclosure Act, all other applicable fair lending laws or other laws relating to discrimination and the Bank Secrecy Act and Title III of the USA Patriot Act). Neither the Company nor its subsidiaries has received any communication from any governmental entity asserting that the Company or any subsidiary is not in compliance with any statute, law, rule, regulation, decision, directive or order.
Subsidiary Operations. 103 7.20 Use of Loan Proceeds ..........................................................................................103 8. INFORMATION AND REPORTING REQUIREMENTS ............................................103 8.1 Reports and Notices .............................................................................................103 8.2
Subsidiary Operations. The Company will not, nor will it permit any Subsidiary to, activate, make any further Investment in or contribute any assets to an Excluded Subsidiary and the Company will not permit any Excluded Subsidiary to incur any Indebtedness or other obligations other than Indebtedness to the Company existing on the Closing Date. The Company will not, nor will it permit any Subsidiary to, make any further Investment in or contribute any assets to Georgia Network Equipment, Inc. or permit Georgia Network Equipment, Inc. to change its business as operated on the Closing Date or to incur any Indebtedness or other obligations or to purchase any other assets except for purchases of satellite dishes and related equipment in an aggregate amount not to exceed $100,000.
Subsidiary Operations. No covenant of any Loan Document shall apply to Subsidiary, whether relating to its making loans to third parties, declaring dividends, or otherwise (except to the extent applicable in determining Borrower's compliance with the financial covenants of the Loan Agreement), and Borrower may receive the Income and Proceeds of Subsidiary's operations until Lender enforces its security interest in the Stock after an Event of Default.
