Common use of Receivables Subsidiary Clause in Contracts

Receivables Subsidiary. The Borrower will not, and will not permit any of its Subsidiaries to, permit the Receivables Subsidiary to engage in any business (including, without limitation, the incurrence of any Indebtedness or the creation of any Lien on any of its assets) other than the performance of its obligations under the Receivables Purchase Documents and all actions reasonably incidental thereto.

Appears in 4 contracts

Samples: Term Loan Agreement (Specialty Foods Corp), Term Loan Agreement (Specialty Foods Acquisition Corp), Term Loan Agreement (Specialty Foods Corp)

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