Joint Ventures or Partnerships Sample Clauses

Joint Ventures or Partnerships. Enter into any Joint Venture or partnership (including, without limitation, by way of selling the capital stock or other equity interests of a Subsidiary) unless (a) any interest received by a Credit Party in such Joint Venture or partnership is pledged to the Collateral Agent (for the benefit of the Secured Parties) pursuant hereto and (b) the Borrower shall have prepaid the Loans hereunder as required by Section 2.11(c) hereof.
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Joint Ventures or Partnerships. The Company shall not, nor shall it permit any other Credit Party to enter into or be party to any Joint Venture (including, without limitation, by way of selling the Capital Stock of a Subsidiary), other than with the PHCMI Debtors, unless (a) any interest received by a Credit Party in such Joint Venture is pledged to the Joint Collateral Agent (for the benefit of the Secured Parties) pursuant hereto and (b) permitted by Sections 6.7(g) or (i).
Sample 1
Joint Ventures or Partnerships. Enter into any Joint Venture (other than the Existing International Joint Ventures) or partnership (other than Williams Communications Procurement, LP, a Delaware limited partnersxxx) (xxcluding, without limitation, by way of selling the capital stock or other Equity Interests of a Subsidiary) unless (a) such arrangement has been consented to by the Administrative Agent and the Required Lenders in writing, (b) any interest received by a Loan Party in such Joint Venture or partnership is pledged to the Administrative Agent (for the benefit of the Secured Parties) pursuant to the Security Agreement and (c) the applicable Loan Party shall have prepaid the Loans hereunder as required by Section 2.9(f) hereof.
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Joint Ventures or Partnerships. Enter into after the Closing Date any Joint Venture (including by way of selling the capital stock or other Equity Interests of a Subsidiary) other than in connection with the acquisition of Texas Genco in accordance Section 5.18 hereof, unless such arrangement (a) (i) constitutes an Investment permitted by Section 6.3(u) hereof or (ii) has been consented to by the Administrative Agent and (b) to the extent permitted under the relevant agreements, any interest received by a Credit Party in such Joint Venture or partnership is pledged to the Collateral Agent (for the benefit of the Secured Parties) pursuant to the Security Agreement.
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Joint Ventures or Partnerships. Section 6.15 of the Credit Agreement is hereby amended by deleting the reference to "Sections 6.7(g) or (i)" and substituting the following: "Sections 6.7(g) or (k)."
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Joint Ventures or Partnerships. The Company will not, and will not permit any of its Domestic Subsidiaries to, enter into any Joint Venture or partnership (including, without limitation, by way of selling the capital stock or other equity interests of a Subsidiary) unless (a) any interest received by any Credit Party in such domestic Joint Venture or partnership is pledged to the Collateral Agent (for the benefit of the Secured Parties) pursuant HERETO and (b) the Company shall have prepaid the Notes hereunder as required by Section 7.2(d) hereof to the extent that any Credit Party receives any Net Cash Proceeds therefrom.
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Joint Ventures or Partnerships. PT is not, nor has it agreed to become, a member of any joint venture or partnership, and PT is not, nor has it agreed to become, a party to any agreement or arrangement for participating with others in any business sharing commissions or other income, except with respect to PT’s settlement obligations pursuant to its interconnection agreements with Telekomunikacja Polska SA.
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Joint Ventures or Partnerships. Redentor does not possess and will not possess, directly or indirectly, any shareholdings or ownership interest in any company, partnership, association, trust, partnership or joint venture, and does not maintain any agreement for the acquisition of any shareholdings or equity interest.
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Related to Joint Ventures or Partnerships

  • Joint Ventures The joint venture or partnership arrangements in which the Company or the Partnership is a co-venturer or general partner which are established to acquire or hold Assets.

  • Subsidiaries, Partnerships and Joint Ventures Each of the Loan Parties shall not, and shall not permit any of its Subsidiaries to own or create directly or indirectly any Subsidiaries other than (i) any Subsidiary which has joined this Agreement as Guarantor on the Closing Date; and (ii) any Domestic Subsidiary formed or acquired after the Closing Date which joins this Agreement as a Borrower or as a Guarantor, and, to the extent not resulting in material adverse tax consequences, any Foreign Subsidiary formed or acquired after the Closing Date which joins this Agreement as a Borrower or as a Guarantor, in each case by delivering to the Administrative Agent (A) a signed Borrower Joinder or Guarantor Joinder, as appropriate; (B) documents in the forms described in Section 6.1 [First Loans] modified as appropriate; (C) documents necessary to grant and perfect the Prior Security Interests to the Administrative Agent for the benefit of the Lenders in the equity interests of, and Collateral held by, such Subsidiary; and (D) such diligence materials in respect of such Subsidiary (including, without limitation, “know your customer”, liens, ERISA and labor matters) as the Administrative Agent shall reasonably request. Each of the Loan Parties shall not become or agree to become a party to a Joint Venture other than Permitted Investments and other investments permitted pursuant to Section 7.2.4 [Loans and Investments]. For purposes of clarity, any Subsidiary organized under the laws of Canada or any political subdivision thereof that is formed or acquired by the Canadian Borrower after the Closing Date shall join this Agreement as a Guarantor of the Canadian Liabilities in accordance with the terms of this Section 7.2.9.

  • Partnerships and Joint Ventures No Loan Party shall become a general partner in any general or limited partnership or a joint venturer in any joint venture.

  • No Joint Venture or Partnership Borrower and Lender intend that the relationship created hereunder be solely that of borrower and lender. Nothing herein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Collateral other than that of secured party, mortgagee or lender.

  • Partnership Nothing in this Agreement shall constitute or shall be deemed to constitute a partnership between the parties hereto and save as set out herein, neither party shall have any authority or power to bind the other party or to contract in the name of or create a liability against the other party.

  • Partnerships If Investor is a partnership, the representations, warranties, agreements and understandings set forth above are true with respect to all partners of Investor (and if any such partner is itself a partnership, all persons holding an interest in such partnership, directly or indirectly, including through one or more partnerships), and the person executing this Agreement has made due inquiry to determine the truthfulness of the representations and warranties made hereby.

  • BUSINESS OF THE PARTNERSHIP The purpose and nature of the business to be conducted by the Partnership is (i) to conduct any business that may be lawfully conducted by a limited partnership organized pursuant to the Act, provided, however, that such business shall be limited to and conducted in such a manner as to permit the General Partner at all times to qualify as a REIT, unless the General Partner otherwise ceases to qualify as a REIT, and in a manner such that the General Partner will not be subject to any taxes under Section 857 or 4981 of the Code, (ii) to enter into any partnership, joint venture, co-ownership or other similar arrangement to engage in any of the foregoing or the ownership of interests in any entity engaged in any of the foregoing and (iii) to do anything necessary or incidental to the foregoing. In connection with the foregoing, and without limiting the General Partner’s right in its sole and absolute discretion to qualify or cease qualifying as a REIT, the Partners acknowledge that the General Partner intends to qualify as a REIT for federal income tax purposes and upon such qualification the avoidance of income and excise taxes on the General Partner inures to the benefit of all the Partners and not solely to the General Partner. Notwithstanding the foregoing, the Limited Partners agree that the General Partner may terminate its status as a REIT under the Code at any time to the full extent permitted under the Charter. The General Partner on behalf of the Partnership shall also be empowered to do any and all acts and things necessary or prudent to ensure that the Partnership will not be classified as a “publicly traded partnership” for purposes of Section 7704 of the Code.

  • Subsidiaries and Joint Ventures Create, acquire or otherwise suffer to exist, or permit any Subsidiary of such Borrower to create, acquire or otherwise suffer to exist, any Subsidiary or joint venture arrangement not in existence as of the date hereof, except in connection with a Permitted Acquisition.

  • Subsidiaries and Partnerships Borrower has no subsidiaries and is not a party to any partnership agreement or joint venture agreement.

  • No Partnership or Joint Venture Neither the Trust, the Fund nor the Adviser are partners of or joint venturers with each other and nothing herein shall be construed so as to make them such partners or joint venturers or impose any liability as such on any of them.

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