Common use of Limitation on Indebtedness and Actions Clause in Contracts

Limitation on Indebtedness and Actions. The Owner Lessor covenants that it will not incur any indebtedness other than Subordinated Indebtedness nor enter into any business or activity except as required or expressly permitted or contemplated by any Operative Document.

Appears in 5 contracts

Samples: Participation Agreement (Eme Homer City Generation Lp), Participation Agreement (Eme Homer City Generation Lp), Participation Agreement (Eme Homer City Generation Lp)

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Limitation on Indebtedness and Actions. The Owner Lessor covenants that it will not incur any indebtedness other than Subordinated Indebtedness nor or enter into any business or activity except as required or expressly permitted or contemplated by any Operative DocumentDocument and the LLC Agreement.

Appears in 2 contracts

Samples: Participation Agreement (Ormat Technologies, Inc.), Participation Agreement (Ormat Technologies, Inc.)

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