Common use of Operating Company Clause in Contracts

Operating Company. The Company is "an entity that is primarily engaged, directly or through a majority owned subsidiary or subsidiaries, in the production or sale of a product or service other than the investment of capital" within the meaning of the U.S. Department of Labor plan asset regulations, 29 C.F.R. Section 2510.3-101.

Appears in 1 contract

Sources: Series B Preferred Stock Purchase Agreement (TBM Holdings Inc)

Operating Company. The Company is "an entity that is primarily engaged, directly or through though a majority owned subsidiary or subsidiaries, in the production or sale of a product or service other than the investment of capital" within the meaning of the U.S. Department of Labor plan asset regulations, 29 C.F.R. Section 2510.3-101.

Appears in 1 contract

Sources: Securities Purchase Agreement (Transtechnology Corp)

Operating Company. The Company is "an entity that is primarily engaged, directly or through a majority owned subsidiary or subsidiaries, in the production or sale of a product or service other than the investment of capital" within the meaning of the U.S. Department of Labor plan asset regulations, 29 C.F.R. Section § 2510.3-101.

Appears in 1 contract

Sources: Share Purchase Agreement (Wh Holdings Cayman Islands LTD)

Operating Company. The Company is "an entity that is primarily engaged, directly or through a majority owned subsidiary or subsidiaries, in the production or sale of a product or service other than the investment of "capital" within the meaning of the U.S. Department of Labor plan asset regulations, 29 C.F.R. Section 2510.3C.F. R. ss.2510.3-101.

Appears in 1 contract

Sources: Securities Purchase Agreement (Neoprobe Corp)

Operating Company. The Company is "an entity that is primarily engaged, directly or through a majority owned subsidiary or subsidiaries, in the production or sale of a product or service other than the investment of capital" within the meaning of the U.S. Department of Labor plan asset regulations, 29 C.F.R. Section C.F.R.Section 2510.3-101.

Appears in 1 contract

Sources: Preferred Stock Purchase Agreement (Roller Bearing Co of America Inc)

Operating Company. The Company is "an entity that is primarily engaged, directly or through though a majority owned subsidiary or subsidiaries, in the production or sale of a product or service other than the investment of capital" within the meaning of the U.S. Department of Labor plan asset regulations, 29 C.F.R. Section § 2510.3-101.

Appears in 1 contract

Sources: Securities Purchase Agreement (Security Capital Corp/De/)