Limitation on Employees. The Issuer shall not, and shall not permit any Issuer Subsidiary to, employ or maintain any employees; provided that trustees and directors shall not be deemed to be employees for purposes of this Section 5.02(o).
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Samples: Trust Indenture (Avolon Holdings LTD), Trust Indenture (AerCap Holdings N.V.), Indenture (Aerco LTD)
Limitation on Employees. The Issuer shall not, and shall not permit any Issuer Subsidiary to, employ or maintain any employeesemployees other than as required by any provisions of local law; provided that trustees and directors shall not be deemed to be employees for purposes of this Section 5.02(o5.03(o).
Appears in 1 contract
Limitation on Employees. The Issuer shall not, and shall not permit any Issuer Subsidiary to, employ or maintain any employeesemployees other than as required by any provisions of local law; provided that trustees and directors shall not be deemed to be employees for purposes of this Section 5.02(o).
Appears in 1 contract
Samples: Trust Indenture (Genesis Lease LTD)
Limitation on Employees. The Issuer shall not, and shall not permit any Issuer Subsidiary to, employ or maintain any employeesemployees other than as required by any provisions of local law; provided that trustees and directors shall not be deemed to be employees for purposes of this Section 5.02(o)5.02.
Appears in 1 contract
