Common use of Permitted Business Activities Clause in Contracts

Permitted Business Activities. The Issuer shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Issuer and its Restricted Subsidiaries, taken as a whole; it being understood that the Issuer and its Restricted Subsidiaries shall be deemed to be in compliance with this Section 4.14 if the Issuer or its Restricted Subsidiaries acquire another Person that is primarily engaged in Permitted Businesses or acquire business operations that primarily consist of Permitted Businesses and continue to operate such acquired Person’s operations or such acquired business operations, as the case may be.

Appears in 5 contracts

Samples: Indenture (Howard Hughes Corp), Indenture (Howard Hughes Corp), Indenture (Howard Hughes Corp)

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Permitted Business Activities. The Issuer shall not, and shall not permit any of its Restricted Subsidiaries Subsidiary to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Issuer and its the Restricted Subsidiaries, taken as a whole; it being understood that the Issuer and its the Restricted Subsidiaries shall be deemed to be in compliance with this Section 4.14 if the Issuer or its the Restricted Subsidiaries acquire another Person that is primarily engaged in Permitted Businesses or acquire business operations that primarily consist of Permitted Businesses and continue to operate such acquired Person’s operations or such acquired business operations, as the case may be.

Appears in 3 contracts

Samples: Indenture (Forestar Group Inc.), Indenture (Forestar Group Inc.), Indenture (Forestar Group Inc.)

Permitted Business Activities. (a) The Issuer shall not, and shall not permit any of its the Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Issuer and its the Restricted Subsidiaries, taken as a whole; it being understood that the Issuer and its the Restricted Subsidiaries shall be deemed to be in compliance with this Section 4.14 4.14(a) if the Issuer or its the Restricted Subsidiaries acquire another Person that is primarily engaged in Permitted Businesses or acquire business operations that primarily consist of Permitted Businesses and continue to operate such acquired Person’s operations or such acquired business operations, as the case may be.

Appears in 2 contracts

Samples: Indenture (Five Point Holdings, LLC), Indenture (Five Point Holdings, LLC)

Permitted Business Activities. The Issuer shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Issuer and its Restricted Subsidiaries, taken as a whole; it being understood that the Issuer and its Restricted Subsidiaries shall be deemed to be in compliance with this Section 4.14 4.13 if the Issuer or its Restricted Subsidiaries acquire another Person that is primarily engaged in Permitted Businesses or acquire business operations that primarily consist of Permitted Businesses and continue to operate such acquired Person’s operations or such acquired business operations, as the case may be.

Appears in 1 contract

Samples: Indenture (Brookfield Residential Properties Inc.)

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Permitted Business Activities. The Issuer Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any business other than Permitted Businesses, except to such extent as would not be material to the Issuer Company and its Restricted Subsidiaries, taken as a whole; it being understood that the Issuer Company and its Restricted Subsidiaries shall be deemed to be in compliance with this Section 4.14 4.13 if the Issuer Company or its Restricted Subsidiaries acquire another Person that is primarily engaged in Permitted Businesses or acquire business operations that primarily consist of Permitted Businesses and continue to operate such acquired Person’s operations or such acquired business operations, as the case may be.

Appears in 1 contract

Samples: Indenture (Brookfield Residential Properties Inc.)

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