Common use of Assets of Borrower Clause in Contracts

Assets of Borrower. The Borrower (a) does not own, beneficially or of record, any assets other than (i) equity interests in its Subsidiaries and Excluded Subsidiaries, and (ii) such other assets as are de minimis with respect to the consolidating balance sheet of the Borrower on a stand-alone basis, and (b) does not conduct business, operations or generate any revenue except (i) such revenue received as distributions on Capital Stock of its Subsidiaries and Excluded Subsidiaries and (ii) such other revenue as is de minimis with respect to the consolidating income statement of the Borrower on a stand-alone basis.

Assets of Borrower. The Borrower (a) does not own, beneficially or of record, any assets other than (i) equity interests in its Subsidiaries and Excluded SubsidiariesSubsidiaries and Physician Notes, and (ii) such other assets as are de minimis with respect to the consolidating balance sheet of the Borrower on a stand-alone basis, and (b) does not conduct business, operations or generate any revenue except (i) such revenue received as distributions on Capital Stock of its Subsidiaries and Excluded Subsidiaries and (ii) such other revenue as is de minimis with respect to the consolidating income statement of the Borrower on a stand-alone basis.