Common use of Limited Operations Clause in Contracts

Limited Operations. As of the date hereof, Holdings is a newly formed entity that neither owns nor has owned any material assets or material liabilities, in each case other than those under or relating to the Merger, the Merger Agreement and agreements relating to the financing and consummation of the Merger and other than administrative matters relating to its formation.

Appears in 2 contracts

Sources: Class a 1 Common Stock Purchase Agreement (Vector Capital V, L.P.), Class a 1 Common Stock Purchase Agreement (Clearlake Capital Group, L.P.)