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Holding Company
Holding Company contract clause examples

Parent Guarantor as Holding Company. In the case of the Parent Guarantor, not directly or indirectly enter into or conduct any business, or engage in any activity (including, without limitation, any action or transaction that is required or restricted with respect to the Borrower and its Subsidiaries under [Sections 5.01 and 5.02] without regard to any of the enumerated exceptions to such covenants), other than # the holding of theownership, acquisition and disposition of Equity Interests of the Borrower;, # the performance of its Obligations (subject to the limitations set forth in the Loan Documents) under each Loan Document to which it is a party; # the making of equity or subordinate debt Investments in the Borrower and its Subsidiaries, provided each such Investment shall be on terms acceptable to the Administrative Agent; # the holding of the Equity Interests of each direct and indirect Subsidiary that owns or leases an Unencumbered Asset; and # activities incidental to each of themanagement of the business of the Borrower, and such activities as are incidental thereto, all of which shall be solely in furtherance of the business of the Borrower, # the ownership of # assets that have been distributed to the Parent Guarantor by its Subsidiaries and that are held by the Parent Guarantor pending further distribution to equity holders of the Parent Guarantor, # assets received by the Parent Guarantor from third parties (including the net cash proceeds from any issuance and sale by the Parent Guarantor of any of its Equity Interests), that are held pending contribution of the same to the Borrower, # such bank accounts or similar instruments as the Parent Guarantor deems necessary to carry out its responsibilities under the organization documents of the Borrower and # other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Parent Guarantor and its Subsidiaries, but which shall in no event include any Equity Interests other than those permitted in clauses (iii)(A) and (B) of this sentence, # the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance), # the performance of its obligations with respect to the Loan Documents, # any public offering of its common stock or any other issuance or sale of its Equity Interests (provided that 100% of the net cash proceeds of such issuance or sale shall be contributed to the Borrower), # subject to [Sections 5.02(g) and 5.04(a)(v)])], the payment of dividends, # making contributions to the capital of the Borrower, # participating in tax, accounting and other administrative matters as a member of the Consolidated Group, # providing indemnification to officers, managers and directors, # any activities incidental to compliance with the provisions of the Securities Act of 1933, as amended, the Exchange Act of 1934, as amended, any rules and regulations promulgated thereunder, and the rules of national securities exchanges, in each case, as applicable to the Parent Guarantor, as well as activities incidental to investor relations, shareholder meetings and reports to shareholders or debt holders, # the incurrence of Debt, to the extent such incurrence would not result in a Default or Event of Default under [Section 5.02(b)] or [Section 5.04] (provided that 100% of the net cash proceeds of such incurrence of Debt shall be contributed to the Borrower) and # any activities incidental to the foregoing.

Parent Guarantor as Holding Company. In the case of the Parent Guarantor, not directly or indirectly enter into or conduct any business, or engage in any activity (including, without limitation, any action or transaction that is required or restricted with respect to the Borrower and its Subsidiaries under [Sections 5.01 and 5.02]2] without regard to any of the enumerated exceptions to such covenants), other than # the ownership, acquisition and disposition of Equity Interests of the Borrower, # the management of the business of the Borrower, and such activities as are incidental thereto, all of which shall be solely in furtherance of the business of the Borrower, # the ownership of # assets that have been distributed to the Parent Guarantor by its Subsidiaries and that are held by the Parent Guarantor pending further distribution to equity holders of the Parent Guarantor, # assets received by the Parent Guarantor from third parties (including the net cash proceeds from any issuance and sale by the Parent Guarantor of any of its Equity Interests), that are held pending contribution of the same to the Borrower, # such bank accounts or similar instruments as the Parent Guarantor deems necessary to carry out its responsibilities under the organization documents of the Borrower and # other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Parent Guarantor and its Subsidiaries, but which shall in no event include any Equity Interests other than those permitted in clauses (iii)(A) and (B) of this sentence, # the maintenance of its legal existence (including the ability to incur fees, costs and expenses relating to such maintenance), # the performance of its obligations with respect to the Loan Documents, # any public offering of its common stock or any other issuance or sale of its Equity Interests (provided that 100% of the net cash proceeds of such issuance or sale shall be contributed to the Borrower), # subject to [Sections 5.02(g) and 5.04(a)(v)])], the payment of dividends, # making contributions to the capital of the Borrower, # participating in tax, accounting and other administrative matters as a member of the Consolidated Group, # providing indemnification to officers, managers and directors, # any activities incidental to compliance with the provisions of the Securities Act of 1933, as amended, the Exchange Act of 1934, as amended, any rules and regulations promulgated thereunder, and the rules of national securities exchanges, in each case, as applicable to the Parent Guarantor, as well as activities incidental to investor relations, shareholder meetings and reports to shareholders or debt holders, # the incurrence of Debt, to the extent such incurrence would not result in a Default

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