Common use of Restrictions on Activities of Capital Clause in Contracts

Restrictions on Activities of Capital. Capital shall not hold any material assets, become liable for any obligations or engage in any significant business activities; provided that Capital may be a co-obligor or guarantor with respect to Indebtedness if the Partnership is a primary obligor of that Indebtedness and the net proceeds of that Indebtedness are received by the Partnership.

Restrictions on Activities of Capital. Capital shall not hold any material assets, become liable for any material obligations or engage in any significant business activities; provided that Capital may be a co-obligor or guarantor with respect to Indebtedness if the Partnership Company is a primary an obligor of that or guarantor on such Indebtedness and the net proceeds of that such Indebtedness are received by the PartnershipCompany or one or more Guarantors. At any time after the Company is or becomes a corporation, Capital may consolidate or merge with or into the Parent, the Company or any Restricted Subsidiary of the Company.

Restrictions on Activities of Capital. Capital shall not hold any material assets, become liable for any material obligations or engage in any significant business activities; provided that Capital may be a co-obligor or guarantor with respect to Indebtedness if the Partnership Company is a primary an obligor of that or guarantor on such Indebtedness and the net proceeds of that such Indebtedness are received by the PartnershipCompany or one or more Guarantors. At any time after the Company is or becomes a corporation, Capital may consolidate or merge with or into any New Parent, the Company or any Restricted Subsidiary of the Company.

Restrictions on Activities of Capital. Capital shall not hold any material assets, become liable for any obligations material obligations, other than the Notes, or engage in any significant business activities; provided that Capital may be a co-obligor or guarantor with respect to Indebtedness if the Partnership Company is a primary obligor of that such Indebtedness and the net proceeds of that such Indebtedness are received by the PartnershipCompany or one or more of the Company’s Restricted Subsidiaries other than Capital.

Restrictions on Activities of Capital. Capital shall may not hold any material assets, become liable for any material obligations or engage in any significant business activities; provided that Capital may be a co-obligor or guarantor with respect to Indebtedness if the Partnership Company is a primary obligor of that such Indebtedness and the net proceeds of that such Indebtedness are received retained by the PartnershipCompany or loaned to one or more of the Company's Restricted Subsidiaries other than Capital.