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.
Appears in 6 contracts
Samples: Senior Secured Credit Facility (Liberty Global PLC), Facility Agreement (Liberty Global, Inc.), Facility Agreement (Liberty Global, Inc.)
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 the US Borrower 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 this Agreement.
Appears in 4 contracts
Samples: Credit Agreement (Liberty Global, Inc.), Credit Agreement (Unitedglobalcom Inc), Credit Agreement (Unitedglobalcom Inc)
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 the US Borrower 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 this Agreement, to the Existing Facility Agreement.extent not otherwise prohibited by the Indentures. 77
Appears in 1 contract
Samples: Senior Secured Credit Facility (United Pan Europe Communications Nv)
