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 its obligations pursuant to the Securities, this Indenture, the Existing Second Lien Notes, the Existing Second Lien Notes Indenture, the Senior Subordinated Notes, the Senior Subordinated Note Indenture, 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 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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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 its obligations pursuant to the Securities, this Indenture, the Existing Second Lien Notes, the Existing Second Lien Notes Indenture, the Senior Subordinated Notes, the Senior Subordinated Note Indenture, the Credit Agreement 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 4.154B.15. Finance Co. shall be a Wholly Owned Subsidiary of the Company at all times.

Appears in 1 contract

Samples: Supplemental Indenture (Verso Paper Holdings LLC)

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 Securities Obligations, its obligations pursuant to Obligations under the SecuritiesCredit Agreement, this Indenture, its Obligations under the Existing Second Lien Notes, its Obligations under the Existing Second Lien Notes Indenture, the New Senior Subordinated Notes, the Senior Subordinated Note Indenture, the Credit Agreement Notes 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 Section 4.154A.15. Finance Co. shall be a Wholly Owned Subsidiary of the Company at all times.

Appears in 1 contract

Samples: Supplemental Indenture (Verso Paper Holdings LLC)

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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 its obligations pursuant to the Securities, this Indenture, the Existing Security Documents, the Second Lien Notes, the Existing Second Lien Notes Note Indenture, the Senior Subordinated Notes, the Senior Subordinated Note Indenture, 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 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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