Common use of Limitation on Investments and New Businesses Clause in Contracts

Limitation on Investments and New Businesses. No Restricted Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conducted, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.

Appears in 6 contracts

Samples: Credit Agreement (Sundance Energy Australia LTD), Credit Agreement (Sundance Energy Australia LTD), Credit Agreement (Sundance Energy Australia LTD)

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Limitation on Investments and New Businesses. No Restricted Person will (a) except as otherwise expressly permitted under Section 7.10, make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11business, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conducted, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.

Appears in 3 contracts

Samples: Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services Ltd.), Credit Agreement (Forbes Energy Services LLC)

Limitation on Investments and New Businesses. No Restricted Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conducted, or (cb) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than (i) Permitted Investments., and (ii) Asset Acquisitions, provided that with respect to Asset Acquisitions:

Appears in 2 contracts

Samples: Credit Agreement (Vantage Energy Inc.), Credit Agreement (Vantage Energy Inc.)

Limitation on Investments and New Businesses. No Restricted Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11business, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conductedoperations, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or propertyPerson, other than Permitted InvestmentsInvestments and Permitted Acquisitions, or (d) make any acquisitions of properties other than Permitted Acquisitions.

Appears in 2 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Limitation on Investments and New Businesses. No Restricted Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and or except as described below in this Section 7.7 and in Section 7.11otherwise expressly permitted hereunder, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conducted, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.than

Appears in 1 contract

Samples: Credit Agreement (Leslie Resources Inc)

Limitation on Investments and New Businesses. No Restricted Related Person will (ai) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and or as described below in this Section 7.7 and in Section 7.11expressly permitted hereby, (bii) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conductedoperations, (iii) make any acquisitions or investments in any properties other than capital expenditures on Collateral properties, or (civ) make any acquisitions of or capital contributions to or other Investments investments in any Person or property, other than Permitted Investments.

Appears in 1 contract

Samples: Credit Agreement (WRT Energy Corp)

Limitation on Investments and New Businesses. No Restricted -------------------------------------------- Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11business, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conductedoperations, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.

Appears in 1 contract

Samples: Credit Agreement (Key Production Co Inc)

Limitation on Investments and New Businesses. No Restricted Person will (ai) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conducted, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.of

Appears in 1 contract

Samples: Credit Agreement (3dfx Interactive Inc)

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Limitation on Investments and New Businesses. No Restricted Person will (ai) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11business, (bii) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conductedoperations, or (ciii) make any acquisitions of or capital contributions to or other Investments investments in any Person or propertyPerson, other than Permitted Investments.

Appears in 1 contract

Samples: Credit Agreement (STB Systems Inc)

Limitation on Investments and New Businesses. No Restricted Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11business, (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conductedoperations, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.

Appears in 1 contract

Samples: Credit Agreement (Westport Resources Corp)

Limitation on Investments and New Businesses. No Restricted Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except in the ordinary course of business and as described below in this Section 7.7 and in Section 7.11transaction, (b) engage or directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conductedoperations, or (cb) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.

Appears in 1 contract

Samples: Term Loan Agreement (First Reserve Gp Ix Inc)

Limitation on Investments and New Businesses. No Restricted Person will (a) make any expenditure or commitment or incur any obligation or enter into or engage in any transaction except (i) in the ordinary course of business or as otherwise permitted or not prohibited under this Agreement; and as described below (ii) in this Section 7.7 and the case of any capital expenditure, not to exceed $8,000,000 in Section 7.11, any Fiscal Year; (b) engage directly or indirectly in any business or conduct any operations except in connection with or incidental to its present businesses and operations as presently conductedoperations, or (c) make any acquisitions of or capital contributions to or other Investments in any Person or property, other than Permitted Investments.

Appears in 1 contract

Samples: Credit Agreement (Comfort Systems Usa Inc)

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