Common use of Status of Borrower Clause in Contracts

Status of Borrower. The Borrower shall not at any time operate any of its lines of business other than through its Subsidiaries, or own any assets other than (i) equity interests in Subsidiaries, (ii) cash and cash equivalents and investments permitted under Sections 7.02(b), (c) and (d), and (iii) such other property consistent with its sole function as a holding company.

Status of Borrower. The Borrower shall not at any time (a) operate any of its lines of business other than through its Subsidiaries, or own any assets other than (i) equity interests in the Equity Securities of its Subsidiaries, (ii) cash and cash equivalents Eligible Securities and investments other Investments permitted under Sections 7.02(b), (c) and (d) (Investments), and (iii) such other property consistent with its sole function as a holding company, including the holding of intangible property or (b) engage in any other activities reasonably incidental to the foregoing.

Status of Borrower. The Borrower shall not at any time operate any of its lines of business other than through its Subsidiaries, or own any assets other than (i) equity interests in Subsidiaries, (ii) cash and cash equivalents and investments permitted under Sections 7.02(b), (c) and (d), and (iii) such other property consistent with its sole function as a holding company, including the holding of intangible property.