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 business activities; provided, that Capital may be a co-obligor of the Notes (including any additional Notes incurred pursuant to Section 4.9 hereof) pursuant to the terms of this Indenture and as contemplated by the Purchase Agreement, dated as of November 30, 2001, by and among the Issuers, the Subsidiary Guarantors and the Initial Purchaser and, as necessary, may engage in any activities directly related or necessary in connection therewith.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Majestic Investor Capital Corp), Indenture (Majestic Investor Capital Corp), Indenture (Majestic Star Casino LLC)

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Restrictions on Activities of Capital. Capital shall not hold any material assets, become liable for any obligations or engage in any business activities; providedprovided that, that Capital may be a co-obligor of the Notes (including any additional Notes incurred pursuant to Section 4.9 hereof4.9) pursuant to the terms of this Indenture and as contemplated by the Purchase Agreement, dated as of November 30September 26, 20012003, by and among the Issuers, the Subsidiary Guarantors and the Initial Purchaser Purchasers and, as necessary, may engage in any activities directly related or necessary in connection therewith.

Appears in 1 contract

Samples: Majestic Star Casino LLC

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Restrictions on Activities of Capital. Capital shall not hold any material assets, become liable for any obligations or engage in any business activities; provided, that Capital may be a co-obligor of the Notes (including any additional Notes incurred pursuant to Section 4.9 hereof) pursuant to the terms of this Indenture and as contemplated by the Purchase Agreement, dated as of November 30June 15, 20011999, by and among the Issuers, the Subsidiary Guarantors Issuers and the Initial Purchaser Purchaser, and, as necessary, may engage in any activities directly related or necessary in connection therewith.

Appears in 1 contract

Samples: Majestic Star Casino LLC

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