No New Business. With respect to the Reinsured Policies, no new insurance or reinsurance treaties shall be reinsured by the Borrower after the Closing Date, other than as expressly permitted under the Reinsurance Agreement or Section 6.01(h)(ii).
No New Business. Engage in any activity other than (i) holding the Underlying Equity, and activities incidental thereto or otherwise contemplated herein, (ii) performing its obligations under the Loan Documents and the transactions contemplated hereby or thereby and (iii) entering into and performing its obligations under any transaction constituting a Permitted Transaction. Borrower will remain principally engaged in the business described in the Constituent Documents delivered to Administrative Agent prior to the Closing Date and shall not, directly or indirectly, engage in any business other than as described in such Constituent Documents.
No New Business. Borrower shall not engage in any business other than as described in its Organization Documents and Offering Documents and consistent in all respects with its Investment Policies.
No New Business. Neither Borrower nor General Partner shall, directly or indirectly, engage in any business other than as expressly permitted under its Organization Documents.
No New Business. The Partnership shall not acquire all or substantially all of the outstanding capital stock or assets of, or enter into any partnership or joint venture with, any Person, other than Alliance Holding, unless (i) such acquisition, partnership or joint venture is in accordance with Sections 3.01 and 3.02 and (ii) it receives a Tax Determination with respect thereto. Neither the General Partner nor the Partnership shall become the general partner of any other partnership, other than Alliance Holding, or joint venture unless such action is permitted by Sections 6.01(a)(viii) and 6.05(a) (in the case of the General Partner) and the Partnership receives a Tax Determination with respect thereto.
No New Business. Engage in any business other than (i) the business it is principally engaged in on the Second Restatement Date and (ii) any business transactions expressly permitted by the terms of the Loan Documents.
No New Business. Engage in any business other than as described in the Private Placement Memorandum.
No New Business. In the event that either party desires to market a new product, process or service incorporating any Intellectual Property licensed from the other under this section: the party shall inform the other party in writing, describing the product, process or service and the manner in which the Intellectual Property is to be used. The commercialization of any such new product, process or service that substantially embodies or is substantially based upon or derived from Intellectual Property licensed from the other party shall require a new agreement which the parties shall negotiate in good faith. For the purposes of the requirements of this section, a product, process or service shall not be considered "new" if the licensed Intellectual Property is (i) used in a product, process or service offered on the effective date of this Agreement; (ii) used in a product, process or service within the scope of a business, research
No New Business. In the event that either party desires to market a new product, process or service incorporating any Intellectual Property licensed from the other under this section: the party shall inform the other party in writing, describing the product, process or service and the manner in which the Intellectual Property is to be used. The commercialization of any such new product, process or service that substantially embodies or is substantially based upon or derived from Intellectual Property licensed from the other party shall require a new agreement which the parties shall negotiate in good faith. For the purposes of the requirements of this section, a product, process or service shall not be considered "new" if the licensed Intellectual Property is (i) used in a product, process or service offered on the effective date of this Agreement; (ii) used in a product, process or service within the scope of a business, research or strategic plan existing at the time of this Agreement; (iii) used for minor improvement or evolutionary enhancement of a product, process or service offered on the date of this Agreement or (iv) used for a minor improvement or evolutionary enhancement of a product, process or service within the scope of a business, research, or strategic plan existing at the time of this Agreement but offered subsequent to the effective date of this Agreement.
No New Business. Borrower shall not engage in any business other than as described in the Private Placement Memorandum.
