Common use of Inactive Guarantors Clause in Contracts

Inactive Guarantors. Permit any Inactive Guarantor to engage in business or other activity of any kind, other than that which is directly related to the maintenance of its organizational existence.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Planet Hollywood International Inc), Secondary Revolving Credit Agreement (Planet Hollywood International Inc)

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Inactive Guarantors. Permit any Inactive Guarantor to engage ------------------- in business or other activity of any kind, kind other than that which is directly related to the maintenance of its organizational organization existence.

Appears in 1 contract

Samples: Bay Harbour Management Lc

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Inactive Guarantors. Permit any Inactive Guarantor to engage in business or other activity of any kind, kind other than that which is directly related to the maintenance of its organizational organization existence.

Appears in 1 contract

Samples: Note Purchase Agreement (Planet Hollywood International Inc)

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