Examples of Company Group Subsidiaries in a sentence
Except as set forth in the Prospectus, the Targa Entities’ internal controls over financial reporting are effective and none of the Company and the Company Group Subsidiaries are aware of any material weakness in its internal control over financial reporting.
The Subsidiaries of the Company other than the Company Group Subsidiaries did not, individually or in the aggregate, account for (x) more than 10% of the total assets of the Company and its Subsidiaries, taken as a whole, as of December 31, 2019, or (y) more than 10% of the net income of the Company and its Subsidiaries, taken as a whole, for the year ended December 31, 2019.
The Subsidiaries of the Company other than the Company Group Subsidiaries did not, individually or in the aggregate, account for (x) more than 10% of the total assets of the Company and its Subsidiaries, taken as a whole, as of December 31, 2021, or (y) more than 10% of the net income of the Company and its Subsidiaries, taken as a whole, for the year ended December 31, 2021.
There are no outstanding obligations of any of the Companies or any of the Company Group Subsidiaries to repurchase, redeem or otherwise acquire any Group Subsidiary Securities.
Other than the Company Group Subsidiaries, neither Company owns or has any interest in (directly or indirectly), or has any right or obligation to acquire (directly or indirectly) any equity or other interest in, any other Person.
The Companies and the Company Group Subsidiaries, after giving effect to the Restructuring, own no general partnership interest in any Person other than the Company Group Subsidiaries and there are no material capital contribution obligations or other material obligations with respect to any equity interest that is held by any member of the Company Group and not disclosed on Schedule 3.06(a)(i).
Each of the Company Group Subsidiaries is in good standing under the laws of the jurisdiction set forth opposite its name in Schedule I attached hereto, except where the failure to be in good standing under the laws of such jurisdiction would not reasonably be expected to have a Material Adverse Effect.
Each of the Company Group Subsidiaries has been duly organized, formed or incorporated and is validly existing as a limited partnership, limited liability company or corporation, as applicable, with full power and authority to own or lease its properties and to conduct its business, in each case as described in the Prospectus, in all material respects.