Common use of Limitations on Certain Activities Clause in Contracts

Limitations on Certain Activities. Except in connection with withdrawals of Unencumbered Eligible Properties under Section 2.20 or sales, transfers or encumbrances to another Borrower or Guarantor (i) no sale, transfer, pledge or assignment of more than 49% of the ownership interests in any of the Borrowers or Guarantors excluding Lexington; and (ii) no material changes in any Borrower's or Guarantor's business of owning, managing and investing in predominantly (75% or more by value) net-lease, office, industrial and retail properties.

Limitations on Certain Activities. Except in connection with withdrawals the withdrawal of Unencumbered an Eligible Properties under Property in accordance with Section 2.20 2.18 or sales, transfers or encumbrances to another Borrower or Guarantor (i) no sale, transfer, pledge or assignment of more than 49% of the ownership interests in any of the Borrowers or Guarantors excluding Lexington; and (ii) no material changes in any Borrower's or Guarantor's business of owning, managing and investing in predominantly (75% or more by value) net-lease, office, industrial and retail properties.

Limitations on Certain Activities. Except in connection with withdrawals the release of Unencumbered an Eligible Properties under Property in accordance with Section 2.20 2.17 or sales, transfers or encumbrances to another Borrower or Guarantor (i) no sale, transfer, pledge or assignment of more than 49% of the ownership interests in any of the Borrowers or Guarantors excluding Lexington; (ii) no sale, transfer or further encumbrances on any Collateral without Agent's consent and (iiiii) no material changes in any Borrower's or Guarantor's business of owning, managing and investing in predominantly (75% or more by value) credit-tenant, net-lease, office, industrial and retail properties.