Common use of Immaterial Subsidiaries Clause in Contracts

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis nature), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activity.

Immaterial Subsidiaries. No Permit any Immaterial Subsidiary to (a) owns own any assets (other than assets of a de minimis naturevalue and nature and not used in the operation of the business of the Credit Parties), (b) has have any liabilities (other than liabilities of a de minimis nature), or (c) engages engage in any business activity.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any intellectual property or other assets (other than assets of a de minimis nature), (b) has any liabilities (other than liabilities of a de minimis naturenature or as set forth in clause (e) of Schedule 3.6), or (c) engages in any business activity.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis naturevalue and nature and not used in the operation of the business of the Credit Parties), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activity.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis nature), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activityactivity (other than business activity of a de minimis nature).

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis nature), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activityactivity other than the maintenance of its existence and any action taken to liquidate or wind up its business.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis nature), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activity, in each case, other than maintenance of its existence (or its liquidation or dissolution, to the extent permitted herein), performance of its obligations hereunder and under the other Loan Documents, and activities incidental to any of the foregoing.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis naturevalue and nature and not used in the operation of the business of the Credit Parties), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activity.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets material assets, conducts any material business or is the obligor under any other material Indebtedness (other than assets guarantees of a de minimis naturethe Borrower Subordinated Notes as permitted under Section 7.2(f)(ii), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activity.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets the fair market value of a de minimis naturewhich is less than $1,000,000), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any business activityactivity (other than a de minimis nature).

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis naturenature or, in the case of 1867BW, LLC, the lease agreement existing as of the Closing Date with respect to a corporate aircraft that is not material to the businesses of the Loan Parties), (b) has any liabilities (other than liabilities of a de minimis naturenature or, in the case of 1867BW, LLC, liabilities pursuant to the lease agreement described in the foregoing clause (a)), or (c) engages in any business activity.

Immaterial Subsidiaries. No Immaterial Subsidiary (a) owns any assets (other than assets of a de minimis nature), (b) has any liabilities (other than liabilities of a de minimis nature), or (c) engages in any material business activity.