Common use of Permitted Business Activities Clause in Contracts

Permitted Business Activities. The Company will not, and will not permit any of its Restricted Subsidiaries to, engage in any business other than the Oil and Gas Business, except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. Finance Corp. shall not incur Indebtedness unless (1) the Company is a co-obligor or guarantor of such Indebtedness or (2) the net proceeds of such Indebtedness are loaned to the Company or its other Restricted Subsidiaries, used to acquire outstanding debt securities issued by the Company or used to repay Indebtedness of the Company or its other Restricted Subsidiaries as permitted under Section 4.09. Finance Corp. shall not engage in any business not related directly or indirectly to obtaining money or arranging financing for the Company or its Restricted Subsidiaries.

Appears in 3 contracts

Samples: Indenture (Legacy Reserves Inc.), Indenture (Legacy Reserves Inc.), Indenture (Legacy Reserves Lp)

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Permitted Business Activities. The Company will not, and will not permit any of its Restricted Subsidiaries Subsidiary to, engage in any business other than the Oil and Gas a Permitted Business, except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. Finance Corp. shall not incur Indebtedness unless (1) the Company is a co-obligor or guarantor of such Indebtedness or (2) the net proceeds of such Indebtedness are loaned to the Company or its other a Restricted SubsidiariesSubsidiary of the Company, used to acquire outstanding debt securities issued by the Company or a Restricted Subsidiary of the Company or used to repay Indebtedness of the Company or its other Restricted Subsidiaries as permitted under Section 4.09. Finance Corp. shall not engage in any business not related directly or indirectly to obtaining money or arranging financing for the Company or its Restricted Subsidiaries.

Appears in 2 contracts

Samples: Indenture (Calumet Specialty Products Partners, L.P.), Calumet Specialty Products Partners, L.P.

Permitted Business Activities. The Company will not, and will not permit any of its Restricted Subsidiaries Subsidiary to, engage in any business other than the Oil and Gas a Permitted Business, except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. Finance Corp. shall not incur Indebtedness unless (1) the Company or a Restricted Subsidiary is a co-obligor or guarantor of such Indebtedness or (2) the net proceeds of such Indebtedness are loaned to the Company or its other a Restricted SubsidiariesSubsidiary, used to acquire outstanding debt securities issued by the Company or a Restricted Subsidiary or used to repay Indebtedness of the Company or its other Restricted Subsidiaries as permitted under Section 4.09. Finance Corp. shall not engage in any business not related directly or indirectly to obtaining money or arranging financing for the Company or its Restricted Subsidiaries.

Appears in 1 contract

Samples: Indenture (American Midstream Partners, LP)

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Permitted Business Activities. The Company will not, and will not permit any of its Restricted Subsidiaries Subsidiary to, engage in any business other than the Oil and Gas a Permitted Business, except to such extent as would not be material to the Company and its Restricted Subsidiaries taken as a whole. Finance Corp. shall not incur Indebtedness unless (1) the Company or a Restricted Subsidiary is a co-obligor or guarantor of such Indebtedness or (2) the net proceeds of such Indebtedness are loaned to the Company or its other a Restricted SubsidiariesSubsidiary, used to acquire outstanding debt securities issued by the Company or a Restricted Subsidiary or used to repay Indebtedness of the Company or its other Restricted Subsidiaries as permitted under Section 4.09. Finance Corp. shall not engage in any material respect in any business not related directly or indirectly to obtaining money or arranging financing for the Company or its Restricted Subsidiaries.

Appears in 1 contract

Samples: Supplemental Indenture (Western Refining Logistics, LP)

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