Common use of Indebtedness; Other Business Clause in Contracts

Indebtedness; Other Business. The Owner Trustee, in its capacity as Owner Trustee under the Trust Agreement, and not in its individual capacity, shall not contract for, create, incur or assume any indebtedness, or enter into any business or other activity, other than pursuant to or under the Operative Documents.

Appears in 1 contract

Samples: Participation Agreement (Peoplesoft Inc)

AutoNDA by SimpleDocs

Indebtedness; Other Business. The Neither the Owner Trustee, in its capacity as Owner Trustee under the Trust Agreement, and not in its individual capacity, nor the Investor shall not contract for, create, incur or assume any indebtedness, or enter into any business or other activity, other than pursuant to or under the Operative DocumentsAgreements.

Appears in 1 contract

Samples: Participation Agreement (Borders Group Inc)

Indebtedness; Other Business. The Owner Trustee, in its capacity as Owner Trustee under the Trust Agreement, and not in its individual capacity, shall not contract for, create, incur or assume any indebtedness, or enter into any business or other activity, other than pursuant to or under the Operative Documents.

Appears in 1 contract

Samples: Participation Agreement (Rite Aid Corp)

Indebtedness; Other Business. The Owner Trustee, Trustee in its capacity as Owner Trustee under the Trust Agreement, and not in its individual capacity, shall not contract for, create, incur or assume any indebtedness, or enter into any business or other activity, other than pursuant to or under the Operative DocumentsAgreements.

Appears in 1 contract

Samples: Participation Agreement (Safeskin Corp)

AutoNDA by SimpleDocs

Indebtedness; Other Business. The Owner Trustee, in its capacity as Owner Trustee under on behalf of the Trust Agreement, and not in its individual capacity, shall not contract for, create, incur or assume any indebtedness, or enter into any business or other activity, other than pursuant to or under the Operative DocumentsDocuments and, for the benefit of Lessees, the Administrative Agent and the Lenders, agrees to be bound by Section 1.2(b) of the Trust Agreement.

Appears in 1 contract

Samples: Participation Agreement (Grand Casinos Inc)

Indebtedness; Other Business. The Owner Trustee, in its capacity as Owner Trustee under the Trust Agreement, and not in its individual capacity, shall not contract for, create, incur or assume any indebtedness, or enter into any business or other activity, other than pursuant to or under the Operative Documents.

Appears in 1 contract

Samples: Master Equipment Lease (Wise Metals Group LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!