Common use of Status of Borrower Clause in Contracts

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) the Equity Securities of its Subsidiaries, (ii) cash and Eligible Securities and 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 (a) operate any of its lines of business other than through its Subsidiaries and Excluded Subsidiaries, or own any assets other than (i) the Equity Securities of its equity interests in Subsidiaries and Excluded Subsidiaries, (ii) cash and Eligible Securities cash equivalents and other Investments investments permitted under Sections 7.02(b), (c) and (d) (Investments)Section 11.5, and (iii) such other property as is 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 (a) operate any of its lines of business other than through its Subsidiaries and Excluded Subsidiaries, or own any assets other than (i) the Equity Securities of its Subsidiariesequity interests in Subsidiaries and Excluded Subsidiaries and Physician Notes, (ii) cash and Eligible Securities cash equivalents and other Investments investments permitted under Sections 7.02(b), (c) and (d) (Investments)Section 11.5, and (iii) such other property as is 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.