Limitation on Indebtedness and Actions. Each of the Lessor Manager and the Owner Lessor covenants that it will not incur any Indebtedness nor enter into any business or activity except as required or expressly permitted by any Operative Document.
Appears in 12 contracts
Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)
Limitation on Indebtedness and Actions. Each of the Lessor Manager and the Owner Lessor covenants that it will not incur any Indebtedness indebtedness nor enter into any business or activity except as required or expressly permitted or contemplated by any Operative Document.
Appears in 3 contracts
Samples: Participation Agreement (PPL Montana LLC), Participation Agreement (PPL Montana LLC), Participation Agreement (Dynegy Danskammer LLC)
Limitation on Indebtedness and Actions. Each of the Lessor Owner Manager and the Owner Lessor covenants severally and as to itself only that it will not incur any Indebtedness nor enter into any business or activity except as required or expressly permitted or contemplated by any Operative Document.
Appears in 1 contract
