Limitations on Activities of the Company Sample Clauses

Limitations on Activities of the Company. (a) Prior to January 31, 1999, or for such shorter period as TCI (or its Affiliates) is bound by a similar requirement (as such requirement is in effect on the date hereof) under that certain Parents Agreement dated as of January 31, 1996 between TeleCommunications, Inc. and Sprint Corporation (the "Parents Agreement"), whichever occurs first, the Company will not offer (or promote or package any of its products or services with or act as a sales agent for) wireline services (local or long distance) under the brand name of any Xxxx Operating Company or any of GTE Corporation, AT&T Corporation, MCI Communications Corporation, British Telecommunications, plc, WorldCom, Inc., Cable & Wireless plc, LCI International Inc. or Frontier Corporation or any of their respective Affiliates; provided, however, that in no event shall this restriction apply (1) to the extent that a Controlled Affiliate (as defined in the Parents Agreement) of Tele-Communications, Inc. would not be subject to a similar requirement under the Parents Agreement (as a result of any exceptions in the Parents Agreement to the covenants of Tele-Communications, Inc. and its Controlled Affiliates thereunder or otherwise) or (2) following the termination of the Parents Agreement.
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Limitations on Activities of the Company. (1) The Company may not carry on any business or own any material assets other than:
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Limitations on Activities of the Company. The Company shall not engage in any other business or activity except as set forth in Section 2.05 without the prior written approval of all Members.
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Related to Limitations on Activities of the Company

  • Restrictions on Activities of the Trust Notwithstanding any other provision of this Agreement and any provision of law that otherwise so empowers the Trust, so long as any Certificates are outstanding, the Trust shall not, and none of the Trustee, the Delaware Trustee, the Company or the Servicer shall knowingly cause the Trust to, do any of the following:

  • LIMITATIONS ON ACTIVITIES Anything else in this Agreement to the contrary notwithstanding, the Advisor shall refrain from taking any action which, in its sole judgment made in good faith, would (a) adversely affect the status of the Company as a REIT, (b) subject the Company to regulation under the Investment Company Act of 1940, as amended, (c) violate any law, rule, regulation or statement of policy of any governmental body or agency having jurisdiction over the Company, the Shares or its other securities, or (d) not be permitted by the Articles of Incorporation or Bylaws, except if such action shall be ordered by the Board, in which case the Advisor shall notify promptly the Board of the Advisor’s judgment of the potential impact of such action and shall refrain from taking such action until it receives further clarification or instructions from the Board. In such event the Advisor shall have no liability for acting in accordance with the specific instructions of the Board so given. Notwithstanding the foregoing, the Advisor, its directors, officers, employees and stockholders, and the directors, officers, employees and stockholders of the Advisor’s Affiliates shall not be liable to the Company or to the Board or Stockholders for any act or omission by the Advisor, its directors, officers, employees or stockholders, or for any act or omission of any Affiliate of the Advisor, its directors, officers, employees or stockholders, except as provided in Section 5.02 of this Agreement.

  • Limitations on the Company’s Activities (i) This Section 9(j) is being adopted in order to comply with certain provisions required in order to qualify the Company as a “special purpose” entity.

  • Limitations on Actions Any action brought under this Contract, except an action for breach of warranty, shall be brought within the shorter of the statutory limitations period and the period of three years from the date of final payment without any tolling of this statutory limitations period for any reason whatsoever.

  • Limitations on Asset Sales (a) The Issuer will not, and will not permit any Restricted Subsidiary to, directly or indirectly, consummate any Asset Sale unless:

  • Limitations on Rights of Third Parties The provisions of this Agreement are solely for the benefit of the Seller, the Issuer, the Indenture Trustee (for the benefit of the Secured Parties) and the other Persons expressly referred to herein, and such Persons shall have the right to enforce the relevant provisions of this Agreement. Nothing in this Agreement, whether express or implied, shall be construed to give to any other Person any legal or equitable right, remedy or claim in the Recovery Property or under or in respect of this Agreement or any covenants, conditions or provisions contained herein.

  • Specific Limitations on Indemnification Notwithstanding anything in this Agreement to the contrary, the Corporation shall not be obligated under this Agreement to make any payment to Indemnitee with respect to any Proceeding:

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