Common use of Limitations on Holdings Clause in Contracts

Limitations on Holdings. Holdings shall not (a) own any assets, other than (i) all of the outstanding Capital Stock in its direct Subsidiaries and (ii) assets incidental to the foregoing and (b) engage in any material business activity other than (i) the making of capital contributions with respect to the Capital Stock in its direct Subsidiaries, (ii) maintaining its company existence, (iii) the execution and delivery of the Credit Documents to which it is a party and the performance of its obligations thereunder, (iv) receiving and making Restricted Payments permitted by Section 8.6 and payments permitted by Section 8.16, (v) issuing, selling or redeeming (as permitted by Section 8.6) its own Capital Stock and activities incidental thereto, (vi) holding directors’ and members’ meetings, preparing corporate and similar records and other activities required to maintain its separate existence or other legal structure, (vii) preparing reports to, and preparing and making notices to and filings with, Governmental Authorities and to its holders of Capital Stock, (viii) activities incidental to the foregoing and (ix) guarantees of obligations or Indebtedness of other Credit Parties and its Subsidiaries permitted hereunder.

Limitations on Holdings. Holdings shall not (a) own any assets, other than (i) all of the outstanding Capital Stock Equity Interests in its direct Subsidiaries the Borrower and (ii) assets incidental to the foregoing and (b) engage in any material business activity other than (i) the making of capital contributions with respect to the Capital Stock Equity Interests in its direct Subsidiariesthe Borrower, (ii) maintaining its company corporate existence, (iii) the execution and delivery of the Credit Loan Documents to which it is a party and the performance of its obligations thereunder, (iv) receiving and making Restricted Payments permitted by Section 8.6 and payments permitted by Section 8.167.06, (v) issuing, selling or redeeming (as permitted by Section 8.67.06) its own Capital Stock Equity Interests and activities incidental thereto, (vi) holding directors’ and members’ meetings, preparing corporate and similar records and other activities required to maintain its separate existence or other legal structure, (vii) preparing reports to, and preparing and making notices to and filings with, Governmental Authorities and to its holders of Capital StockEquity Interests, and (viii) activities incidental to the foregoing and (ix) guarantees of obligations or Indebtedness of other Credit Parties and its Subsidiaries permitted hereunderforegoing.

Limitations on Holdings. Holdings shall not (a) own any assets, other than (i) all of the outstanding Capital Stock in its direct Subsidiaries the Borrower and (ii) assets incidental to the foregoing and (b) engage in any material business activity other than (i) the making of capital contributions with respect to the Capital Stock in its direct Subsidiaries, (ii) maintaining its company existence, (iii) the execution and delivery of the Credit Documents to which it is a party and the performance of its obligations thereunder, (iv) receiving and making Restricted Payments permitted by Section 8.6 and payments permitted by Section 8.16, (v) issuing, selling or redeeming (as permitted by Section 8.6) its own Capital Stock and activities incidental thereto, (vi) holding directors’ and members’ meetings, preparing corporate and similar records and other activities required to maintain its separate existence or other legal structure, (vii) preparing reports to, and preparing and making notices to and filings with, Governmental Authorities and to its holders of Capital Stock, (viii) activities incidental to the foregoing and (ix) guarantees of obligations or Indebtedness of other Credit Parties and its Subsidiaries permitted hereunder.