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, Xxxxxxx Xx and Xxxxx 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. 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. 75 Section 6.27
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. Except as disclosed in the Prospectus, the Company and its Subsidiaries, and, to the knowledge of the Company based upon a certificate of the chief executive officer and chief financial officer of Capital, Capital 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 Mississippi Department of Banking and Consumer Finance (the “Mississippi Department”), the Tennessee Department of Financial Institutions (the “TDFI”) 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 nor, to the knowledge of the Company based upon a certificate of the chief executive officer and chief financial officer of Capital, Capital or its Subsidiaries, has received any communication from any governmental entity asserting that the Company or any Subsidiary and to the knowledge of the Company based upon a certificate of the chief executive officer and chief financial officer of Capital, Capital and its Subsidiaries, 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 for the subsidiaries listed in Schedule 1 to this Agreement as may be updated from time to time, no subsidiary of the Company since the date of such subsidiary’s respective organization has (a) owned any assets except for minimum amounts of cash required pursuant to local law, carried on any business, except any such business that is ministerial in nature in connection with the organization of such entities, or conducted any operations other than the holding of equity securities of 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. Coinstar International Revenues more than doubled for the company's 100 percent owned subsidiary, Coinstar International. In the U.K., Coinstar installed two machines in Asda Wal-Mart Supercentres during the third quarter and installed four more machines in October. Xxxxx.xxx Coinstar's 89 percent owned subsidiary, Xxxxx.xxx, is rapidly building consumer Web traffic and expanding its relationships with consumer packaged goods manufacturers and supermarket retailers, as it gains recognition as a leading Web site for meal planning and recipes. On October 19, Meals announced it had signed contracts with consumer packaged goods manufacturers and on-line partners totaling approximately $1 million. The company expects to recognize these revenues over the next five quarters. "With these contracts, Meals can continue to generate rapid growth," said Xxxx Xxxxx, COO of Meals. On November 1, Coinstar announced that it had appointed a special committee comprised of outside directors to explore options relating to Meals. The committee will evaluate alternatives concerning a potential deconsolidation of Meals' financial results from the parent company. Coinstar has been advised that Meals has also appointed a special committee consisting of directors unaffiliated with Coinstar to evaluate those same opportunities for Meals. "Given the very different financial characteristics of Meals and the Coinstar core business, we believe the value of each company could be more easily recognized by deconsolidation," said Xxxxxxx.
