Common use of Restricted Businesses Clause in Contracts

Restricted Businesses. For so long as a Sponsor participates in the control of the General Partner, and except as permitted by Section 2.2, each Sponsor shall be prohibited from, directly or indirectly, owning, operating or investing in any business having assets engaged in the following activities (each, a “Restricted Business”):

Appears in 2 contracts

Samples: Omnibus Agreement, Omnibus Agreement (Natural Resource Partners Lp)

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Restricted Businesses. For so long as a Sponsor participates in the control of the General Partner, and except as permitted by Section 2.2, each Sponsor the Sponsors and their Affiliates shall be prohibited from, directly or indirectly, from owning, operating or investing in any business having assets engaged in the following activities (each, a "Restricted Business"):

Appears in 1 contract

Samples: Omnibus Agreement (Natural Resource Partners Lp)

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Restricted Businesses. For so long as a Sponsor participates in the control of the General Partner, and except as permitted by Section 2.2, each Sponsor and its Affiliates shall be prohibited from, directly or indirectly, owning, operating or investing in any business having assets engaged in the following activities (each, a "Restricted Business"):

Appears in 1 contract

Samples: Omnibus Agreement (Natural Resource Partners Lp)

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