Dormant Subsidiaries definition

Dormant Subsidiaries means the inactive Subsidiaries of the Company on the Restatement Effective Date, as set forth on Schedule 1.01.
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Dormant Subsidiaries has the meaning specified in Section 5.13(b).
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Dormant Subsidiaries means, collectively, EJOS, Inc., an Arizona corporation, Japal, Inc., a Nevada corporation, M.V.S., Inc., a Nevada corporation, Pafran, Inc., a Nevada corporation, Sophmar, Inc., a Nevada corporation, and Picacho Peak Investments Co., a Nevada corporation.
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Examples of Dormant Subsidiaries in a sentence

  • Seller shall use its reasonable best efforts to fully liquidate each of the Dormant Subsidiaries prior to Closing or to otherwise cause the Transferred Subsidiaries that are not Dormant Subsidiaries to dispose of their common stock or other equity interests in such Dormant Subsidiaries prior to Closing.

  • The Dormant Subsidiaries (i) own no assets, (ii) have ceased their business operations and (iii) do not carry on any business activities.

  • In addition, after the Discharge of the Senior Indebtedness, Borrower shall cause one or more Dormant Subsidiaries to execute and deliver to Lender a Joinder Agreement and a Pledge Supplement so that the aggregate book value of assets or annual revenues of the Dormant Subsidiaries on a consolidated basis shall not exceed $15,000,000 at any time.

  • Neither the Company, the US Subsidiaries nor any New Subsidiary Guarantor shall transfer any of the Collateral or any other assets to the Dormant Subsidiaries or the UK Subsidiary.

  • From and after the date hereof until the repayment, in full, of the Debentures on or following the Maturity Date, (i) the Dormant Subsidiaries shall remain dormant and shall not engage in any business activities or operations and (ii) the UK Subsidiary shall solely provide the services set forth on Schedule 3.1(a).


More Definitions of Dormant Subsidiaries

Dormant Subsidiaries means Avado Holding Corp., a Delaware corporation, Avado Operating Corp., a Georgia corporation, and Avado SCP VIII, Inc., an Oregon corporation.
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Dormant Subsidiaries means Yore Limited, MM Distributors Limited, Mapa Malaysia SDN BHD, Baltex Malaysia SDN BHD, Mapa Penang SDN BHD and Advanced Barriers Technologies Inc. (ABT).
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Dormant Subsidiaries means each of (1) FTD International Corporation, a Delaware corporation, (2) Value Network Service, Inc., a Delaware corporation, (3) Flowers USA, Inc., a Connecticut corporation, (4) FTD Holdings, Incorporated, a Delaware corporation and (5) Renaissance Greeting Cards, Inc., a Maine corporation.
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Dormant Subsidiaries means the following inactive Subsidiaries of the Seller, each of which was formed in connection with a contemplated initial public offering, so long as such Subsidiaries remain inactive and respectively do not hold assets having value of more than Five Hundred Thousand Dollars ($500,000): loanDepot, Inc., LD Intermediate, LLC and loanDepot Holdings, LLC.
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Dormant Subsidiaries means the inactive Subsidiaries of the Company on the Restatement Effective Date, as set forth on
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Dormant Subsidiaries means LionMedical Limited, an English private company limited by shares, PolyBioMed Limited, an English private company limited by shares and Lombard Medical (Scotland) Limited, a Scottish private company limited by shares.
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Dormant Subsidiaries the Subsidiaries listed on Schedule 1.1(a).
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