Actions by Subsidiaries. Each of Citigroup and Morgan Stanley shall ensure that each of their respective Subsidiaries takes all actions necessary to be taken by such Subsidiaries in order to fulfill the obligations of Citigroup and Morgan Stanley, as the case may be, hereunder. From the date of this Agreement until the Closing, Morgan Stanley will not permit the Company to engage in any activities or incur any liabilities other than in connection with the transactions contemplated by this Agreement.
Appears in 4 contracts
Samples: Joint Venture Contribution and Formation Agreement (Morgan Stanley), Joint Venture Contribution and Formation Agreement (Citigroup Inc), Joint Venture Contribution and Formation Agreement (Citigroup Inc)
