Common use of Asset Securitization Affiliates Clause in Contracts

Asset Securitization Affiliates. Company will not permit any Asset Securitization Affiliate to conduct any active trade or business other than directly in respect of an Asset Securitization. Without limiting the generality of the foregoing, Company shall not permit any Asset Securitization Affiliate to directly or indirectly, other than in conjunction with an Asset Securitization, (a) incur, assume, guaranty or otherwise create or become liable in respect of any Indebtedness, (b) make, or permit to remain outstanding, an Investment in any Person, (c) create or suffer to be created or exist a Lien upon any part of its property or upon any income, revenues, issues and profits thereof, (d) sell, transfer, exchange or otherwise dispose of any part of its property, (e) create, organize or establish any Person, including, without limitation, any Subsidiary, or (f) maintain, contribute to or assume any liability with respect to any Person.

Asset Securitization Affiliates. Company will not permit any Asset Securitization Affiliate to conduct any active trade or business other than directly in respect of an Asset Securitization. Without limiting the generality of the foregoing, Company shall not permit any Asset Securitization Affiliate to directly or indirectly, other than in conjunction with an Asset Securitization, (a) incur, assume, guaranty or otherwise create or become liable in respect of any Indebtedness, (b) make, or permit to remain outstanding, an Investment in any Person, (c) create or suffer to be created or exist a Lien upon any part of its property or upon any income, revenues, issues and profits thereof, (d) sell, transfer, exchange or otherwise dispose of any part of its property, (e) create, organize or establish any Person, including, without limitation, any Subsidiary, or (f) maintain, contribute to or assume any liability with respect to any Person.. -63-