Common use of Restriction on Activities of the Co-Issuer Clause in Contracts

Restriction on Activities of the Co-Issuer. The Co-Issuer may not hold any assets, become liable for any obligations or engage in any business activities; provided that the Co-Issuer may be a co-obligor under (i) the Notes and the Indenture and (ii) any other Indebtedness incurred by the Issuer pursuant to Section 4.09 hereof, and in each case may engage in any activities directly related or necessary in connection therewith.

Restriction on Activities of the Co-Issuer. The Co-Issuer may will not hold any material assets, become liable for any material obligations or engage in any significant business activities; provided that the Co-Issuer may be a co-obligor or guarantor with respect to Indebtedness (including Indebtedness under (ithe Senior Credit Facilities) if the Notes Issuer is an obligor of such Indebtedness and the Indenture and (ii) any other net proceeds of such Indebtedness incurred are received by the Issuer pursuant to Section 4.09 hereof, and in each case may engage in any activities directly related or necessary in connection therewithone or more of the Issuer’s Restricted Subsidiaries other than the Co-Issuer.

Restriction on Activities of the Co-Issuer. The Co-Issuer may not hold any assets, become liable for any obligations or engage in any business activities; provided that the Co-Issuer may be a co-obligor under (i) the Notes and the this Indenture and (ii) any other Indebtedness incurred by the Issuer pursuant to Section 4.09 hereof, and in each case may engage in any activities directly related or necessary in connection therewith.