Common use of Limitation on Employees Clause in Contracts

Limitation on Employees. The Issuer will not employ or maintain any employees other than as required by any provisions of local law. Managers, officers and directors of the Issuer shall not be deemed to be employees for purposes of this Section 5.02(l).

Appears in 11 contracts

Samples: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc)

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Limitation on Employees. The Issuer will shall not employ or maintain any employees other than as required by any provisions of local law. Managerslaw or as contemplated by the LLC Operating Agreement; provided that the members, officers Managers and directors of the Issuer Service Providers shall not be deemed to be employees for purposes of this Section 5.02(l5.02(k).

Appears in 3 contracts

Samples: NPS Pharmaceuticals Inc, NPS Pharmaceuticals Inc, Indenture (Alkermes Inc)

Limitation on Employees. The Issuer will not employ or maintain any employees other than as required by any provisions of local law. ManagersPartners, officers and directors of the Issuer shall not be deemed to be employees for purposes of this Section 5.02(l).

Appears in 3 contracts

Samples: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc)

Limitation on Employees. The Issuer will not employ or maintain any employees other than as required by any provisions of local law. ManagersServicers, officers and directors of the Issuer shall not be deemed to be employees for purposes of this Section 5.02(l).

Appears in 2 contracts

Samples: Master Indenture (Trinity Industries Inc), Master Indenture (Trinity Industries Inc)

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Limitation on Employees. The Issuer will not employ or maintain any employees other than as required by any provisions of local law. Managers, officers and directors of the Issuer shall not be deemed to be employees for purposes of this Section 5.02(l).

Appears in 2 contracts

Samples: Indenture (Trinity Industries Inc), Indenture (Trinity Industries Inc)

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