Common use of Limitation on Business Activities of Finance Co Clause in Contracts

Limitation on Business Activities of Finance Co. Finance Co. shall not own any material assets or other property, other than Indebtedness or other obligations owing to Finance Co. by the Company and its Restricted Subsidiaries and Cash Equivalents, or engage in any trade or conduct any business other than treasury, cash management, hedging and cash pooling activities and activities incidental thereto. Finance Co. shall not Incur any material liabilities or obligations other than the Note Obligations, Obligations under the Credit Agreements, Obligations under the Existing First-Lien Notes, Obligations under the Existing Secured Notes, the Second-Lien Notes Obligations, its Obligations under the Senior Subordinated Notes and other Indebtedness permitted to be Incurred by Finance Co. under Section 4.03 and liabilities and obligations pursuant to business activities permitted by this Section 4.15. Finance Co. shall be a Wholly Owned Subsidiary of the Company at all times.

Appears in 4 contracts

Samples: Merger Agreement, Indenture (Verso Paper Holdings LLC), Indenture (NewPage Holdings Inc.)

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Limitation on Business Activities of Finance Co. Finance Co. shall will not own any material assets or other property, other than Indebtedness or other obligations owing to Finance Co. by the Company and its Restricted Subsidiaries and Cash Equivalents, or engage in any trade or conduct any business other than treasury, cash management, hedging and cash pooling activities and activities incidental thereto. Finance Co. shall will not Incur any material liabilities or obligations other than the Note Security Obligations, its Obligations under the Credit Agreements, its Obligations under the Existing First-Lien Notes, Obligations under the Existing Secured Notes, the Second-Lien Notes ObligationsSecurities, its Obligations under the Senior Subordinated Notes New Fixed Rate Second Lien Notes, its Obligations under the Second Lien Note Documents, and other Indebtedness permitted to be Incurred by Finance Co. under Section 4.03 4B.03 and liabilities and obligations pursuant to business activities permitted by this Section 4.15covenant. Finance Co. shall be a Wholly Owned Subsidiary of the Company at all times.

Appears in 1 contract

Samples: Indenture (Verso Paper Corp.)

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Limitation on Business Activities of Finance Co. Finance Co. shall not own any material assets or other property, other than Indebtedness or other obligations owing to Finance Co. by the Company and its Restricted Subsidiaries and Cash Equivalents, or engage in any trade or conduct any business other than treasury, cash management, hedging and cash pooling activities and activities incidental thereto. Finance Co. shall not Incur any material liabilities or obligations other than the Note Obligations, the Obligations under the Credit Agreements, Obligations under the Existing First-Lien Notes, Obligations under the Existing Secured Notes, the Second-Lien Notes Obligations, its the Obligations under the Senior Subordinated Notes and other Indebtedness permitted to be Incurred by Finance Co. under Section 4.03 and liabilities and obligations pursuant to business activities permitted by this Section 4.15. Finance Co. shall be a Wholly Owned Subsidiary of the Company at all times.

Appears in 1 contract

Samples: Indenture (Verso Paper Corp.)

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