Holding Company Status definition

Holding Company Status means that the Parent Companies will not engage in any business or activity or own any assets or Property other than (a) the ownership of all outstanding Capital Stock in the Company and taking actions in accordance with the Organizational Documents of the Company and its Subsidiaries as the direct or indirect owner of such Capital Stock, (b) maintaining its corporate existence (and incurring fees, expenses and costs with respect thereto), (c) participating in Tax, accounting and other administrative activities as the parent of the
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Examples of Holding Company Status in a sentence

  • Investment and Holding Company Status.................................

  • Investment and Holding Company Status............................

  • Investment and Holding Company Status....................................................

  • In addition, all cancellation of indebtedness income resulting from the Exchange Offer and related transactions relating to the Company achieving Bank Holding Company Status shall be allocated only among the Common Holders owning Common Membership Interests immediately prior to the Exchange Offer (and such related transactions) in accordance with their relative Company Interests.

  • Investment and Holding Company Status.............................

  • Investment and Holding Company Status.................................................

  • Investment and Holding Company Status..........................................

  • Investment and Holding Company Status..............................

  • Investment and Holding Company Status...............................

  • Investment and Holding Company Status........................................