Examples of Dormant Company in a sentence
Plc shall promptly execute any Accession Letter delivered to it by Corp in respect of any proposed Trading Company, Non-Trading Company or Dormant Company.
Corp shall, and is hereby authorised by each other Participating Company (other than plc) to, execute an Accession Letter, in respect of any proposed Trading Company, Non-Trading Company or Dormant Company, for itself and on behalf of each other Participating Company (other than plc).
Notwithstanding the foregoing, the Borrowers will not, directly or indirectly, use the proceeds of any Loan or any Letter of Credit to make any loan or other advance to, or Investment in, any Dormant Company.
To the best of the Parent's knowledge and belief, having made all due and careful enquiries all information recorded in the Structure Document is accurate in all material respects and each of the companies identified in the Structure Document as being dormant is a Dormant Company.
A certificate signed by an authorised signatory of the Pre-Merger Borrower specifying each member of the Group (assuming the Closing Date has occurred) which is a Dormant Company as at the Closing Date together with certified copies (certified by such Authorised signatory to be a true copy) of the last audited accounts of each such Dormant Subsidiary.