Limitation on Activities of the Parent. In the case of the Parent only, notwithstanding anything to the contrary in this Agreement or any other Loan Document:
Limitation on Activities of the Parent. In the case of the Parent, notwithstanding anything to the contrary in this Agreement or any other Loan Document, (a) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations other than those incidental to its ownership of the Capital Stock of the Borrowers, (b) incur, create, assume or suffer to exist any Indebtedness or other liabilities or financial obligations, except (i) nonconsensual obligations imposed by operation of law, (ii) pursuant to the Loan Documents to which it is a party and (iii) obligations with respect to its Capital Stock (other than any such obligations constituting Indebtedness), (c) own, lease, manage or otherwise operate any properties or assets (including cash (other than cash received in connection with dividends made by the Borrowers in accordance with Section 7.7 pending application in the manner contemplated by said Section) and cash equivalents) other than the ownership of shares of Capital Stock of the Borrowers or (d) create or permit to exist any Subsidiary of the Parent or any Borrower other than a wholly owned Subsidiary.
Limitation on Activities of the Parent. Permit the Parent to (a) own any property other than Capital Stock of the Borrower, the Capital Stock of any other Subsidiary in connection with a Permitted Acquisition and property ancillary thereto, (b) engage in any business other than (i) business incidental to its ownership of Capital Stock of the Borrower and any other Subsidiary permitted hereunder, and (ii) to undertake Permitted Acquisitions and become party to relevant documentation in connection therewith, or (c) have any liabilities other than liabilities incurred in the ordinary course of business and pursuant to Permitted Acquisitions.
Limitation on Activities of the Parent. The Parent will not conduct, transfer or otherwise engage in any business or operations other than (a) its direct or indirect ownership of all of the Equity Interests in, and its management of, the Borrower and its other Restricted Subsidiaries, (b) action required to maintain its existence and the performance of obligations under and compliance with its Organization Documents and any requirements of any Laws (including rules and regulations applicable to companies with equity or debt securities held by the public), (c) performance of its obligations under the Loan Documents, the ABL Facility Documents, the Secured Notes Documents, the agreements documenting any Permitted Refinancing thereof and other agreements contemplated hereby, (d) any public offering of its Equity Interests, including the payment of any costs, fees and expenses related thereto, (e) activities incidental to guaranteeing payment and performance obligations of its Subsidiaries in the ordinary course of business, (f) incurring fees, costs and expenses relating to overhead and general operating including professional fees and paying taxes, (g) providing indemnification for its and the General Partner’s current and former officers, directors, members of management, managers, employees and advisors and consultants, (h) other activities to the extent not prohibited by, and in compliance with, the Loan Documents, the ABL Facility Documents, the Secured Notes Documents and the agreements documenting any Permitted Refinancing thereof and (i) activities incidental to its maintenance and continuance and to any of the foregoing activities.
Limitation on Activities of the Parent. Permit the Parent to (a) own any property other than Capital Stock of the Borrower and property ancillary thereto, (b) engage in any business other than business incidental to its ownership of Capital Stock in the Borrower or (c) have any liabilities other than liabilities incurred in the ordinary course of business and pursuant to the Xxxxxx.xxx Acquisition.
Limitation on Activities of the Parent. The Parent covenants and agrees that the covenants set forth in Section 7.17 of the Credit Agreement, which is hereby incorporated by reference, are the covenants of the Parent and that the Administrative Agent and each Lender shall be entitled to rely on each such covenant as if they were fully set forth herein.
Limitation on Activities of the Parent. The Parent shall not, except to the extent explicitly permitted by this Section 11: (a) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations other than those incidental to (i) its ownership of the Capital Stock of the Borrower, (ii) the issuance of the Senior Discount Notes, the Seller Subordinated Notes or its common stock (or warrants or options in respect thereof) pursuant to a Permitted Issuance or (iii) its performance of the Credit Documents to which it is a party, (b) incur, create, assume or suffer to exist any Indebtedness or other liabilities or financial obligations, except (i) nonconsensual obligations imposed by operation of law, (ii) pursuant to the Credit Documents to which it is a party, (iii) obligations with respect to its Capital Stock (other than any such obligations constituting Indebtedness), (iv) the Senior Discount Notes and (v) the Seller Subordinated Notes, (c) own, lease, manage or otherwise operate any properties or assets (including cash and Cash Equivalents) other than the ownership of shares of Capital Stock of the Borrower or (d) make any Restricted Payments. 81 76
Limitation on Activities of the Parent. Parent hereby agrees that it shall not:
Limitation on Activities of the Parent. Prior to the consummation of the IPO, permit the Parent to (a) conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations other than those incidental to its ownership of the Capital Stock of the Borrower, (b) incur, create, assume or suffer to exist any Indebtedness or other liabilities or financial obligations, except (i) nonconsensual obligations imposed by operation of law and (ii) obligations with respect to its Capital Stock, or (c) own, lease, manage or otherwise operate any properties or assets other than the ownership of shares of Capital Stock of the Borrower.
