Inactive Subsidiary. Permit the Inactive Subsidiary to (a) enter into any business, operations or activities or (b) notwithstanding anything to the contrary herein, acquire any assets or incur any liabilities (other than liabilities under the Loan Documents and liabilities imposed by law, including tax liabilities and other liabilities incidental to its existence).
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Samples: Collateral Agreement (Diamond Foods Inc), Assignment and Assumption (Diamond Foods Inc), Credit Agreement (Diamond Foods Inc)
Inactive Subsidiary. Permit the Inactive Subsidiary to (a) enter into any business, operations or activities or (b) notwithstanding anything to the contrary herein, acquire any assets or incur any liabilities (other than liabilities hereunder or under the Loan Documents and liabilities imposed by law, including tax liabilities and other liabilities incidental to its existence).
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