Limitations on Financing Subsidiaries Sample Clauses

Limitations on Financing Subsidiaries. The Borrower shall not permit any Financing Subsidiary to (a) create, incur, assume or suffer to exist any Indebtedness except for indebtedness to the Borrower in an amount equal the amount of the IGC Indebtedness or (b) engage in any material business other than performing administrative functions necessary for the maintenance of its existence or the servicing of its obligations and those activities required in connection with the Reorganization.