Limitations on Agreements. Permit the validity or effectiveness of any Transaction Document to which it is a party or the rights and obligations created thereby or pursuant thereto to be amended, terminated, postponed or discharged, or permit any amendment to any Transaction Document to which it is a party without the consent of the Issuer and the Indenture Trustee, or permit any Person whose obligations form part of the Transferred Assets to be released from such obligations, except in accordance with the terms of such Transaction Document;
Limitations on Agreements. None of the Borrowers will, nor xxxx Xxxxx permit any of its Consolidated Subsidiaries to, enter into any agreement which restricts or prohibits any guarantees, advances, dividends or distributions (a) from any Consolidated Subsidiary to such Borrower, or (b) between or among Consolidated Subsidiaries; provided, that, notwithstanding the foregoing, any Consolidated Subsidiary may issue Preferred Stock, so long as (i) the aggregate liquidation preference of all such Preferred Stock issued by Xxxxx’x Consolidated Subsidiaries which is not owned by Xxxxx and its Consolidated Subsidiaries does not, at any time, exceed an amount equal to five percent (5%) of Consolidated Adjusted Net Worth at such time, (ii) immediately before, and immediately after, giving effect to such issuance of Preferred Stock, no Default or Event of Default shall have occurred and be continuing, and (iii) prior to the issuance by any Subsidiary of Preferred Stock, such Subsidiary shall have delivered to the Administrative Agent, for the benefit of the Lenders, the L/C Issuers and the Agents, a guarantee of the Obligations, in form and substance satisfactory to the Administrative Agent (it being understood that the obligations of such Subsidiary under such guaranty shall be limited to the aggregate amount of the liquidation preference of all such Preferred Stock issued by such Subsidiary which is not owned by Xxxxx and its Consolidated Subsidiaries), together with corporate authority documentation and a legal opinion, in form and substance satisfactory to the Administrative Agent, as to the authorization, execution, delivery and enforceability of such guaranty.
Limitations on Agreements. This agreement shall not be deemed to be, create, or evidence the existence of a corporation de facto or de jure, or a Massachusetts Trust, or any type of business trust, or an association in the nature of a corporation or a general or limited partnership, or a joint venture by or between the trustee and the beneficiaries.
Limitations on Agreements. Neither the Seller nor the --------------------------- Transferor will permit the validity or effectiveness of any Transaction Document to which it is a party or the rights and obligations created thereby or pursuant thereto to be amended, terminated, postponed or discharged, or permit any amendment to any Transaction Document to which it is a party without the consent of the Issuer and the Indenture Trustee, or permit any Person whose obligations form part of the Purchased Assets to be released from such obligations, except in the ordinary course of business or in accordance with the terms of such Transaction Document.
Limitations on Agreements. Except as provided in Paragraph 17 hereof, no TENANT, sublessee, assignee or any other person or entity operating, occupying or managing the Facility shall:
Limitations on Agreements. Entertainment shall not agree or otherwise commit to do any of the foregoing in this Article V. Entertainment shall not modify, amend or terminate any of its material contracts (including contracts of insurance) or waive, release or assign any material rights or claims, except in the ordinary course of business.
