Common use of Business and Property of the Loan Parties Clause in Contracts

Business and Property of the Loan Parties. Upon and after the Seventh Amendment Effective Date, the Loan Parties do not propose to engage in any business other than as permitted pursuant to Section 7.9 hereof.

Business and Property of the Loan Parties. Upon and after the Seventh Amendment Effective and RestatementEffective Date, the Loan Parties do not propose to engage in any business other than as permitted pursuant to Section 7.9 hereof. On the Amendment and Restatement Date, each Loan Party will own all the property and possess all of the rights and Consents necessary for the conduct of the business of such Loan Party.