Permitted Business. The Facility Lessee shall not engage in any business other than the business of the ownership or leasing, as applicable, operation, maintenance and output marketing of the Facility and the generation of income therefrom.
Permitted Business. (a) Each Obligor will ensure that it and its Subsidiaries which are members of the Borrower Group (other than any Relevant Eastern European Subsidiary) engage:
(i) in no material activity outside the Permitted Business; and/or
(ii) in the business of acting as the holder of shares and/or interests in other members of the Borrower Group (which shall include the raising of Permitted Financial Indebtedness and the on-lending of such Financial Indebtedness to its Subsidiaries in accordance with the provisions of this Agreement and the entry into of hedging arrangements on behalf of its Subsidiaries).
(b) The Borrowers will ensure that UPC Financing will engage primarily in the business of a finance company for and in respect of the Borrower Group in connection with the Existing Facilities and the transactions contemplated by the Existing Facility Agreement.
Permitted Business. The business of the Company shall be:
(a) To invest in Propco by acquiring Propco Units from Wasco Manufacturing, Inc., a Georgia corporation, and making a capital contribution to Propco, and to engage in any and all activities and transactions and enter into any and all agreements and undertakings which are appropriate, necessary, customary, convenient or incidentalthereto;
(b) In the event the Investment Proposal is selected under Article XIII hereof, then to cause Propco to invest in, hold, sell, use, and operate the Real Property, and to engage in any and all activities and transactions and enter into any and all agreements and undertakings which are appropriate, necessary, customary, convenient or incidental thereto;
(c) In the event the Development Proposal is selected under Article XIII hereof, then to cause Propco to invest in, hold, improve, develop, sell, use, and operate the Real Property, and to engage in any and all activities and transactions and enter into any and all agreements and undertakings which are appropriate, necessary, customary, convenient or incidental thereto;
(d) In the event the Conservation Proposal is selected under Article XIII hereof, then to cause Propco to promote conservation through the grant, in perpetuity, of a conservation easement to a qualified organization, as that term is used in Section 170 of the Code, on all or a portion of the Real Property, and to engage in any and all activities and transactions and enter into any and all agreements and undertakings which are appropriate, necessary customary, convenient or incidental thereto, subject to the terms and conditions of the conservation easement, which may include using the Real Property for passive recreation, wildlife management, timber management, hunting and other uses as permitted under the Conservation Strategy and Conservation Proposal.
(e) Until such time as either the Investment Proposal, Development Proposal, or the Conservation Proposal is selected, to engage in any and all activities and transactions and enter into any and all agreements and undertakings which are appropriate, necessary, customary, convenient or incidental to the selection process described in Article XIII hereof;
(f) To invest in other marketable and private securities and to engage in any and all activities and transactions and enter into any and all agreements and undertakings which are appropriate, necessary, customary, convenient or incidental thereto;
(g) To, subject to the ter...
Permitted Business. The business of the Company shall be to engage in any lawful business, purpose, or activity for which limited liability companies may be organized under the Delaware Act except for insurance or banking.
Permitted Business. The Borrower shall not: ------------------
Permitted Business. The Borrower shall not, and shall not permit any other Credit Party to, engage to any material extent in any business other than the business of mining and activities related or ancillary thereto.
Permitted Business. The Borrower shall not, and shall not permit any Material Subsidiary to, engage to any material extent in any material business other than a Permitted Business.
Permitted Business. The Company shall not, and shall not permit any Subsidiary to, engage in any business other than a Permitted Business, except to such extent as would not be material to the Company and its Subsidiaries taken as a whole.
Permitted Business delete the definition of Permitted Business so that there are no geographic restrictions and delete Clause 16.8 (Permitted Business) and replace it with a clause that provides that no member of the Borrower Group shall, without the prior written consent of the Majority Lenders or save as otherwise permitted by the terms of this Agreement, make any change in the nature of its business as carried on immediately prior to the date of the amendment and restatement, which would give rise to a substantial change in the business of the Borrower Group taken as a whole from that set forth in the definition of Business, provided that such clause shall not be breached by an Obligor or any member of the Borrower Group making a permitted disposal, a permitted acquisition or investment or entering into any permitted joint venture, in line with recent Liberty precedent.
Permitted Business the business of the U.S. Borrower and its Subsidiaries as existing on the Closing Date and any other businesses that are the same, similar or reasonably related, ancillary or complementary thereto and reasonable extensions thereof.
