Common use of Permitted Activities; Compliance with Organizational Documents Clause in Contracts

Permitted Activities; Compliance with Organizational Documents. The Borrower will not engage in any activity or enter into any transaction except as permitted under its organizational documents as in effect on the date on which this Credit Agreement is executed. The Borrower will observe all company, organizational and managerial procedures required by its organizational documents and applicable law.

Permitted Activities; Compliance with Organizational Documents. The Borrower will not engage in any activity or enter into any transaction except as permitted under its organizational documents as in effect on the date on which this Credit Term Loan Agreement is executed. The Borrower will observe all company, organizational and managerial procedures required by its organizational documents and applicable law.