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. 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 any of the Collateral.
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. 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).
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. (a) The Company shall not engage or enter into any business other than the issuance of the Notes and the incurrence of other Indebtedness and Liens permitted under the Financing Documents and holding of direct Equity Interests in the Project Companies and ancillary activities related thereto and (b) none of the Project Companies shall engage or enter into any business other than the financing, ownership, operation, maintenance and administration of the Projects as contemplated by the Transaction Documents, the sale of Power generated and Environmental Attributes and tax benefits produced thereby and ancillary activities related thereto.
(b) Continental Wind Holding shall not (i) directly conduct, transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations or other activity other than those related to its ownership of the Capital Stock of the Company and the performance of its obligations under the Financing Documents and ancillary activities related thereto, including (A) activities associated with the making of capital contributions to the Company and (B) the issuance of Capital Stock in connection with its ownership of the Company and the Project Companies, in each case for the purposes contemplated by this Agreement; (ii) create, incur, assume or suffer to exist (A) any Indebtedness other than (x) Indebtedness outstanding under its Note Guarantee and (y) Indebtedness described in clauses (7), (8), (10) and (11) of Section 4.07(a) or (B) any Lien other than Permitted Liens set forth in clauses (1) and (2) of the definition of “Permitted Liens”; (iii) directly own, lease, manage or otherwise operate any material properties or assets other than the ownership of shares of Capital Stock of the Company and Cash Equivalent Investments received in connection therewith pending application thereof as contemplated by the Financing Documents; (iv) directly or indirectly, amend or modify any of its organizational documents, including the separateness provisions thereof, or permit or suffer to exist any amendment or modification of any of its organizational documents if any such amendment or modification materially and adversely affects any material rights or remedies of any of the Secured Parties under the Security Documents or would permit the termination of a Major Project Contract by a counterparty thereto; (v) change its legal form; (vi) liquidate, wind-up or dissolve, or sell, lease or otherwise transfer or...
Limitation on Nature of Business. At any time -------------------------------- undertake, conduct or transact, directly or indirectly, any business except the business in which it is presently engaged and any other businesses reasonably incidental or related thereto, or undertake, conduct or transact any business in a manner prohibited by Applicable Law.
Limitation on Nature of Business. At any time undertake, conduct or transact, directly or indirectly, any business except the business in which it is presently engaged and any other businesses reasonably incidental or related thereto, or undertake, conduct or transact any business in a manner prohibited by Applicable Law.
