Common use of Limitations on Parent Clause in Contracts

Limitations on Parent. Parent shall not, directly or indirectly, (a) other than with respect to its own Ownership Interests, enter into or permit to exist any transaction (including the incurrence or assumption of Indebtedness (other than this Agreement, the other Loan Documents, and Indebtedness permitted by Section 6.11), any purchase, sale, lease or exchange of any Property, or the rendering of any service) between itself and any other Person or (b) engage in any material business or conduct any material activity (including the making of any investment or payment other than payments permitted hereunder), in each case, other than: (i) investments in the Borrower and Subsidiaries permitted hereunder, (ii) the performance of ministerial activities and payment of taxes and administrative fees necessary for the maintenance of its existence and compliance with applicable laws and legal, tax and accounting matters related thereto, (iii) transactions or activities relating to its employees, directors and officers, (iv) activities relating to the performance of obligations under the Loan Documents, (v) the receipt and payment of Restricted Payments permitted under Section 6.15, (vi) any other transaction or activity that Parent is permitted to take under any Loan Document, (vii) the performance of its obligations with respect to the Loan Documents, (viii) financing activities, including the issuance of securities, the providing of guarantees, payment of dividends, and making contributions to the capital of the Borrower, in each instance to the extent expressly permitted hereby, (ix) holding any cash or property (but not operating any property of any Loan Party or operating any business, except as otherwise permitted by this Section), (x) providing indemnification to officers, managers and directors, and (xi) activities and contractual rights and obligations incidental and reasonably related to the businesses or activities described in clauses (i) through (x) of this Section 6.25.