Common use of Inactive Subsidiary Clause in Contracts

Inactive Subsidiary. Permit the Inactive Subsidiary to (a) enter into any business, operations or activities or (b) notwithstanding anything to the contrary herein, acquire any assets or incur any liabilities (other than liabilities under the Loan Documents and liabilities imposed by law, including tax liabilities and other liabilities incidental to its existence).

Inactive Subsidiary. Permit the Inactive Subsidiary to (ai) enter into incur any businessliabilities, (ii) own or acquire any asset or (iii) engage in any operations or activities or (b) notwithstanding anything to the contrary herein, acquire any assets or incur any liabilities (other than liabilities under the Loan Documents and liabilities imposed by law, including tax liabilities and other liabilities incidental to its existence)business.

Inactive Subsidiary. Permit the Inactive Subsidiary to (a) enter into any business, operations or activities or (b) notwithstanding anything to the contrary herein, acquire any assets or incur any liabilities (other than liabilities hereunder or under the Loan Documents and liabilities imposed by law, including tax liabilities and other liabilities incidental to its existence).