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

Limitation on Business Activities of Finance Co. Finance Co. 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. will not Incur any material liabilities or obligations other than its obligations pursuant to the Securities, the Indenture, the Second Lien Notes, the Second Lien Note Documents, the Credit Agreement 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 covenant. Finance Co. shall be a Wholly Owned Subsidiary of the Company at all times.

Appears in 3 contracts

Samples: Supplemental Indenture (Verso Paper Corp.), Supplemental Indenture (Verso Sartell LLC), Supplemental Indenture (Verso Sartell LLC)

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Limitation on Business Activities of Finance Co. Finance Co. will 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. will shall not Incur any material liabilities or obligations other than its obligations pursuant to the SecuritiesNote Obligations, Obligations under the Credit Agreements, the IndentureSecond-Lien Notes Obligations, its Obligations under the Second Lien Notes, the Second Lien Note Documents, the Credit Agreement 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 covenantSection 4.15. Finance Co. shall be a Wholly Owned Subsidiary of the Company at all times.

Appears in 1 contract

Samples: Joinder Agreement (Verso Paper Corp.)

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Limitation on Business Activities of Finance Co. Finance Co. 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. will not Incur any material liabilities or obligations other than its obligations pursuant to the Securities, the this Indenture, the Second Lien Notes, the Second Lien Note Documents, the Credit Agreement and other Indebtedness permitted to be Incurred by Finance Co. under Section 4.03 4A.03 and liabilities and obligations pursuant to business activities permitted by this covenant. 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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