Common use of Permitted Activities of Holdings Clause in Contracts

Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness other than the Indebtedness and obligations under this Agreement, the other Credit Documents and the Related Agreements; (b) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired, leased or licensed by it other than the Liens created under the Collateral Documents to which it is a party or Permitted Liens; (c) engage in any business or own any assets other than (i) holding 100% of the Equity Interests of Parent Borrower (excluding any interests held by a general partner, managing member or equivalent entity which is itself a direct Wholly-Owned Subsidiary of Holdings), (ii) performing its obligations and activities incidental thereto under the Credit Documents, and to the extent not inconsistent therewith, the Related Agreements; and (iii) making Restricted Junior Payments and Investments to the extent permitted by this Agreement; (d) consolidate with or merge with or into, or convey, transfer, lease or license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests of any of its direct Subsidiaries; (f) create or acquire any Subsidiary or make or own any Investment in any Person other than Parent Borrower or any Investment to be contributed to Parent Borrower or any Subsidiary thereof; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons.

Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness other than the Indebtedness and obligations under this Agreement, the other Credit Documents and the Related Agreements; (b) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired, leased or licensed by it other than the Liens created under the Collateral Documents to which it is a party or Permitted Liens; (c) engage in any business or own any assets other than (i) holding 100% of the Equity Interests of Parent Borrower (excluding any interests held by a general partner, managing member or equivalent entity which is itself a direct Wholly-Owned wholly owned Subsidiary of Holdings), (ii) performing its obligations and activities incidental thereto under the Credit Documents, and to the extent not inconsistent therewith, the Related Agreements; and (iii) making Restricted Junior Payments and Investments to the extent permitted by this Agreement; (d) except as permitted pursuant to Section 6.8, consolidate with or merge with or into, or convey, transfer, lease or license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests of any of its direct Subsidiaries; (f) create or acquire any Subsidiary or make or own any Investment in any Person other than Parent Borrower or any Investment to be contributed to Parent the Borrower or any Subsidiary thereofSubsidiary; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons.

Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness other than its Obligations under the Credit Documents or guarantees in respect of Indebtedness and obligations of Company or any of its Subsidiaries otherwise permitted under this Agreement, the other Credit Documents Agreement and the Related AgreementsIndebtedness permitted under Section 6.1(m); (b) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired, leased or licensed acquired by it other than the Liens created under the Collateral Documents to which it is a party or Permitted Lienspermitted pursuant to Section 6.2; (c) engage in any business or activity or own any assets other than (i) holding 100% of the Equity Interests Capital Stock of Parent Borrower (excluding any interests held by a general partnerCompany and, managing member or equivalent entity which is itself a direct Wholly-Owned Subsidiary through Company, not less than 80% of Holdings), the Capital Stock of each of the Subsidiaries of Company; (ii) performing its obligations and activities incidental thereto under the Credit Documents, and to the extent not inconsistent therewith, the Related AgreementsAgreements and the Xxxxxx Merger Agreement, as applicable; and (iii) making Restricted Junior Payments and Investments to the extent permitted by this Agreement; (d) consolidate with or merge with or into, or convey, transfer, transfer or lease or license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests Capital Stock of any of its direct SubsidiariesCompany; (f) create or acquire any Subsidiary or make or own any Investment in any Person other than Parent Borrower or any Investment to be contributed to Parent Borrower or any Subsidiary thereofCompany and, through Company, the Subsidiaries of Company; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons.

Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness other than its Obligations under the Credit Documents or guarantees in respect of Indebtedness and obligations of Company or any of its Subsidiaries otherwise permitted under this Agreement, the other Credit Documents Agreement and the Related AgreementsIndebtedness permitted under Section 6.1(m); (b) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired, leased or licensed acquired by it other than the Liens created under the Collateral Documents to which it is a party or Permitted Lienspermitted 110 pursuant to Section 6.2; (c) engage in any business or activity or own any assets other than (i) holding 100% of the Equity Interests Capital Stock of Parent Borrower (excluding any interests held by a general partnerCompany and, managing member or equivalent entity which is itself a direct Wholly-Owned Subsidiary through Company, not less than 80% of Holdings), the Capital Stock of each of the Subsidiaries of Company; (ii) performing its obligations and activities incidental thereto under the Credit Documents, and to the extent not inconsistent therewith, the Related AgreementsAgreements and the Landis Merger Agreement, as applicable; and (iii) making Restricted Rexxxxxxed Junior Payments and Investments to the extent permitted by this Agreement; (d) consolidate with or merge with or into, or convey, transfer, transfer or lease or license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests Capital Stock of any of its direct SubsidiariesCompany; (f) create or acquire any Subsidiary or make or own any Investment in any Person other than Parent Borrower or any Investment to be contributed to Parent Borrower or any Subsidiary thereofCompany and, through Company, the Subsidiaries of Company; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons.

Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness and obligations under this Agreementthe Credit Documents, the agreements governing Permitted Acquisitions (other Credit Documents than Seller Notes) and the Related AgreementsSenior Unsecured Notes; (b) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired, leased or licensed acquired by it other than the Liens created under the Collateral Documents to which it is a party or Permitted Lienspermitted pursuant to Section 6.2; (c) engage in any business or activity or own any assets other than (i) holding 100% of the Equity Interests Capital Stock of Parent Borrower (excluding any interests held by a general partner, managing member or equivalent entity which is itself a direct Wholly-Owned Subsidiary of Holdings), Borrower; (ii) performing its obligations and activities incidental or related thereto under the Credit DocumentsDocuments and the Senior Unsecured Notes Indenture, and to the extent not inconsistent therewith, the Related Agreementsagreements governing Permitted Acquisitions (other than Seller Notes); and (iii) making Restricted Junior Payments and Investments to the extent permitted by this Agreement; (d) consolidate with or merge with or into, or convey, transfer, transfer or lease or license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests Capital Stock of any of its direct SubsidiariesSubsidiaries except as otherwise expressly provided herein; (f) create or acquire any Subsidiary or make or own any Investment in any Person other than Parent Borrower or any Investment to be contributed to Parent Borrower or any Subsidiary thereofBorrower; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons.

Permitted Activities of Holdings. Holdings shall not (a) incur, directly or indirectly, any Indebtedness or any other obligation or liability whatsoever other than the Indebtedness and obligations under this the Related Agreement, the other Senior Secured Asset-Based Revolving Credit Documents Facility and the Related Agreementsas may be otherwise permitted under Section 6.01; (b) create or suffer to exist any Lien upon any property or assets now owned or hereafter acquired, leased or licensed acquired by it other than the Liens created under the Collateral Documents or, subject to the Intercreditor Agreement, the Senior Secured Asset-Based Revolving Credit Facility to which it is a party or Permitted Liensotherwise permitted under Section 6.02; (c) engage in any business or activity or own any assets other than (i) holding 100% of the Equity Interests Capital Stock of Parent Borrower (excluding any interests held by a general partner, managing member or equivalent entity which is itself a direct Wholly-Owned Subsidiary of Holdings)the Borrower, (ii) performing its obligations and activities incidental thereto under the Loan Documents and the Senior Secured Asset-Based Revolving Credit DocumentsFacility, and to the extent not inconsistent therewith, the Related Agreements; Agreement and (iii) making Restricted Junior Payments and Investments to the extent permitted by this Agreement; (d) consolidate with or merge with or into, or convey, transfer, transfer or lease or license all or substantially all its assets to, any Person; (e) sell or otherwise dispose of any Equity Interests Capital Stock of any of its direct Subsidiariesthe Borrower; (f) create or acquire any Subsidiary or make or own any Investment in any Person other than Parent Borrower or any Investment to be contributed to Parent Borrower or any Subsidiary thereofthe Borrower; or (g) fail to hold itself out to the public as a legal entity separate and distinct from all other Persons.