Limitation on Nature of Business. The Borrower and the Restricted Subsidiaries will remain engaged in lines of business related to the businesses in which the Borrower and its Restricted Subsidiaries are currently engaged.
Limitation on Nature of Business. The Borrower will not at any time make any material change in the nature of its business as carried on at the date hereof or undertake, conduct or transact any business in a manner prohibited by applicable law unless contesting the applicability of such law by appropriate legal proceedings and there exists no reasonable likelihood of the sale or forfeiture of the Borrower's assets.
Limitation on Nature of Business. The Issuer shall not, and shall not permit or cause any of its Subsidiaries to, engage or enter into any business other than, directly or indirectly the ownership, operation and maintenance of the Plants and activities incidental thereto.
Limitation on Nature of Business. Neither the Borrower nor the Management Company nor any Subsidiary of the Borrower will at any time make any material alterations in the nature or character of the business of the Borrower, the Management Company and any such Subsidiaries, taken as a whole, as carried on at the date hereof, or undertake, conduct or transact any business in a manner prohibited by applicable law.
Limitation on Nature of Business. No Credit Party or its Subsidiaries shall at any time make any change in any of any Credit Party’s primary business objectives, purposes and operations or enter into any lines of business substantially different from the business or activities which, in each case, each Credit Party and its Subsidiaries are presently engaged.
Limitation on Nature of Business. Borrower will not at any time make any material change in the nature of its business as carried on at the date hereof or undertake, conduct or transact any business in a manner prohibited by applicable law. Borrower shall not create, capitalize or acquire any Subsidiary after the Closing Date without Lender’s prior written consent.
Limitation on Nature of Business. No Borrower will at any time make any material change in the nature of its business as carried on at the date hereto or undertake, conduct or transact any business in a manner prohibited by applicable law. No Borrower shall create, capitalize or acquire any Subsidiary after the Closing Date without the prior written consent of Lender. Lender's consent to the creation or capitalization of a Subsidiary shall be conditioned upon such New Subsidiary executing (a) a Joinder Agreement in form and substance satisfactory to Agent, wherein such New Subsidiary agrees to be bound by the terms of this Amended and Restated Credit Agreement, the Notes and the Loan Documents, and (b) such additional Security Documents as Agent shall require to grant Agent, for the ratable benefit of Lenders, a first Lien on all of such New Subsidiaries Property, subject only to Permitted Liens.
Limitation on Nature of Business. The Company shall not engage in any business other than the development, acquisition, construction, leasing, operation and financing of the Project as contemplated by the Transaction Documents as in effect as of the Effective Date (unless subsequently amended with the written consent of the Required Priority Lenders). (c)
Limitation on Nature of Business. Enter into any business, either directly or through a Subsidiary, except for (i) any business in which Borrower or the applicable Subsidiary is engaged on the date hereof, (ii) any business that is reasonably related thereto, (iii) any business that is in substantially the same industry as any business conducted by Borrower or such Subsidiary on the date hereof, or (iv) any other business on a non-material basis to the extent acquired by Borrower in a Permitted Acquisition so long as the other business or businesses acquired by Borrower in such Permitted Acquisition otherwise satisfy the requirements of clauses (i), (ii) or (iii) of this Section 7.08.
Limitation on Nature of Business. None of the Obligors shall engage in or enter into any business other than the development, construction, financing, ownership, operation, maintenance and administration of the Projects and ancillary activities related thereto.
