Common use of Single Purpose Covenants Clause in Contracts

Single Purpose Covenants. (a) The Guarantor has not owned, and does not own and will not own any assets other than (i) its direct ownership interest in the Issuer and Related Property, (ii) in connection with the addition of an Additional Asset Entity pursuant to the Indenture, the ownership interests in such Additional Asset Entity pending the contribution thereof to the Issuer or an Asset Entity and (iii) assets to be immediately contributed by the Guarantor to the Issuer or an Asset Entity.

Appears in 4 contracts

Samples: Guarantee and Security Agreement, Guarantee and Security Agreement (Landmark Infrastructure Partners LP), Guarantee and Security Agreement (Landmark Infrastructure Partners LP)

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