Non-Operating Companies definition

Non-Operating Companies means the entities listed on Exhibit B to the Plan.
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Non-Operating Companies. None of Accord Ontario, Prestige Ontario, 10110 Newfoundland, Accord Australia, Prestige Australia, Mastic Australia, Mastic New Zealand or Prestige New Zealand is now carrying on or ever has carried on any active business and none of such companies has any assets or liabilities.
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Non-Operating Companies refer to the subsidiaries of the Target Companies (each of which is directly or indirectly held by the Target Companies with less than 50% owernship) and any subsidiary of the Target Companies without any business operation since its incorporation as of the Closing Date.
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Examples of Non-Operating Companies in a sentence

  • Make any loan, advance or other extension of credit except as disclosed on Schedule 4(e), except for (i) endorsements of negotiable instruments deposited to the Borrower’s deposit account for collection, (ii) trade credit in the normal course of business and (iii) so long as no Event of Default shall have occurred and is then continuing, (x) loans and advances to Operating Companies in connection with the Divestiture and (y) other loans and advances to its Non-Operating Companies.

  • Make any investment other than in FDIC insured deposits or United States Treasury obligations of less than one year, or in money market or mutual funds administering such investments, except for (i) so long as no Event of Default shall have occurred and is then continuing, (x) investments in its Operating Companies in connection with the Divestiture, (y) investments in the Non-Operating Companies and (z) Permitted Acquisitions, and (ii) those investments set forth on Schedule 4(d).

  • All of the entities comprising the Borrower other than the Operating Companies (collectively, the "Non-Operating Companies") acknowledge that funds advanced to the Operating Companies directly benefit the Non- Operating Companies since the Operating Companies intend to use the proceeds to pay debts on behalf of the Non-Operating Companies, and all funds advanced to the Operating Companies on behalf of the Non- Operating Companies will be deemed to have been advanced directly to the Non-Operating Companies.


More Definitions of Non-Operating Companies

Non-Operating Companies means (a) NHS, (b) General Partner, (c) Limited Partner, (d) Neighbors Emergency Center, LLC, a Texas limited liability company, (e) EDMG, LLC, a Texas limited liability company, (f) NPG, (g) NPM and (h) each other Person set forth on Schedule 2 and identified as a “Non-Operating Company.”
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Non-Operating Companies means those Subsidiaries and Affiliates of the Borrower that are not Operating Companies.
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Related to Non-Operating Companies

  • Operating Companies means, collectively, the Creekside Operating Company, the Mentone Operating Company and the Yucaipa Operating Company. “Operating Company” means any of the Operating Companies.

  • Operating Company means an “operating company” within the meaning of 29 C.F.R. §2510.3-101(c) of the Plan Asset Regulations.

  • Operating Subsidiaries means, collectively, the Corporation and HST, each a wholly-owned subsidiary of the Trust, and "Operating Subsidiary" means either of the Corporation or HST, as applicable.

  • Operating Entities means, from time to time, the Persons in which the Holding Entities, directly or indirectly, hold interests and that (i) directly hold real estate assets, or (ii) indirectly hold real estate assets but all of the interests of which are not held, directly or indirectly, by the Holding Entities, other than, in the case of each of (i) and (ii), any Person in which the Holding Entities, directly or indirectly, hold interests for investment purposes only of less than 5% of the outstanding equity securities of that Person;

  • Project Companies means all Group Project Companies and Non-Group Project Companies together, each being a “Project Company”.