Examples of Holdco Entities in a sentence
The Borrower shall, and shall cause its Subsidiaries and the Holdco Entities to, procure and maintain or shall cause to be procured and maintained continuously in effect policies of insurance in form and amounts and issued by financially sound insurance companies as is customary for companies in the same or similar businesses.
Upon request of the Administrative Agent, summaries or copies of all policies or certificates thereof, and endorsements and renewals thereof of the Borrower and its Subsidiaries and the Holdco Entities shall be delivered to and retained by the Administrative Agent.
The Borrower and its Subsidiaries and the Holdco Entities carry the insurance required to be carried under Section 5.02 of this Agreement.
The Borrower will, and will cause its Subsidiaries and the Holdco Entities to, maintain its owned, leased, or operated Properties that are necessary for the conduct of its business in good working condition and repair, ordinary wear and tear excepted.
Additionally, the Borrower will, and will cause its Subsidiaries and the Holdco Entities to, use the standard of care typical in the industry for similarly situated businesses in the operation and maintenance of their facilities.
None of the Borrower or any of its Subsidiaries and, to the Borrower’s knowledge, none of the Holdco Entities has knowingly or willfully permitted the commission of waste or other injury or released Hazardous Substances on or about owned or operated property in violation of applicable Environmental Laws.
The Holdco Entities have caused PennTex to make available to ETP a list of, and true and complete copies of, all material liability, property, fire, casualty, pollution, product liability, workers’ compensation and other insurance policies and fidelity bonds relating to the assets, business, operations, employees, officers or directors of each Holdco Entity.
The minute books of the Holdco Entities contain true and complete copies of all actions taken at all meetings of the governing body of each of the Holdco Entities (or the manager, member, general partner or other governing entity thereof), or any committee thereof, and all written consents executed in lieu of any such meetings.
None of the Holdco Entities, nor any of their respective material properties or assets, is subject to any order, writ, judgment, injunction or decree of any Governmental Authority.
No Holdco Entity has any liability, including joint or subsidiary liability with other Persons (including other Holdco Entities), (i) as a result of the Reorganization, the transactions necessary to complete the Reorganization (including spin-offs) or otherwise or (ii) in connection with any Contract other than those listed in the Renova Disclosure Letters for the Phase I Agreements.